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Estimating the Economic Impact of the Tourism Industry by using a CGE Modeling Approach:The Case of the 2002 World Cup

  • Journal of Tourism Sciences
  • Abbr : JTS
  • 2004, 28(3), pp.261-281
  • Publisher : The Tourism Sciences Society Of Korea
  • Research Area : Social Science > Tourism

Lee Choong-Ki 1 Seog-Woong Moon 2

1경희대학교
2경성대학교

Accredited

ABSTRACT

The purpose of this study was to utilize a dynamic Computable General Equilibrium (CGE) model to estimate the economic impact of the 2002 FIFA World Cup on the tourism industry. Toward this end, this study employed ORANI-F as a basic framework that was calibrated to input-output (I-O) tables, and then the base year 2000 I-O data were updated through historical simulation for impact analysis. Then, tourism multipliers were derived from the updated I-O tables by using CGE simulation. The results of the CGE analysis indicated that World Cup tourists’ expenditure of US$522 million generated US$1.57 billion in output (sales), $290 million in income, $683 million in value added, $88 million in indirect tax, and an equivalent of 24,543 full-time jobs as a result of direct, indirect, and induced impacts.

Citation status

* References for papers published after 2023 are currently being built.

This paper was written with support from the National Research Foundation of Korea.