ARTÍCULO
TITULO

Economic impact of the Klein Karoo National Arts Festival: Investigating the application of different models

Lukas van Wyk    
Melville Saayman    
Riaan Rossouw    

Resumen

AbstractThis article focuses on an economic assessment of the target obtained in South Africa regarding the Klein Karoo National Arts Festival (KKNK) applying both SAM and CGE models. Since both models have advantages and disadvantages, tourism economists are confronted with the predicament of determining which model is most suitable for application to any specific event. The findings reveal that when different models are applied to the same dataset from an event, the reported economic impact results differ significantly. Results indicate that considerations such as the data collection or compilation, expected output, research objectives and costs involved will determine the choice of a specific modelling framework. Data from a visitor survey conducted at the KKNK during 2010 were used in the analyses. This finding serves as a warning to assessors that economic impact results can be misleading and, therefore, the application thereof should be handled with the utmost care as the results can readily be misinterpreted by stakeholders.

 Artículos similares

       
 
Ünzüle KURT, Feyza BALAN     Pág. 1 - 10
Climate change which caused to dramatic economic impact is a key issue for the world in the 21st century. Using data for Portugal, Ireland, Italy and Spain (PIIGS) countries over the years 1990-2009, this study investigates the causal relationship from c... ver más

 
Bashkim BELLAQA, Halil Bajrami     Pág. 21 - 32
One of the important aspects of a country's economic development is Foreign Direct Investment (FDI), these investments impact on economic development and improve social aspects. At the international level as well as at the country level, FDI has a releva... ver más

 
Llesh Lleshaj, Arben Malaj     Pág. 152 - 162

 
Tchai Tavor    
This research investigates the burgeoning peer-to-peer (P2P) economy, exemplified by platforms such as Airbnb, and its implications within the North American context. The study focuses on understanding the repercussions of Airbnb announcements on capital... ver más

 
SungSup Brian Choi, Kudzai Sauka and MiYoung Lee    
This research investigates the factors influencing the capital structure of 271 non-financial firms listed on the Korean Stock Exchange (KSE) over a broad period from 1995 to 2021, encompassing both stable and crisis conditions. Employing a dynamic panel... ver más