Evaluating the Economic Viability of Public Investments in Tourism

Various methods have been applied to evaluating the economic viability of public investments in tourism. In this paper, we capitalize on the strengths of general equilibrium and cost benefit analytical techniques and develop an integrated approach to evaluating public investments in tourism. We appl...

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Detalles Bibliográficos
Autores principales: Banerjee, Onil, Cicowiez, Martín, Moreda, Adela
Formato: Objeto de conferencia
Lenguaje:Inglés
Publicado: 2018
Materias:
Ciencias Económicas
ex-ante economic impact analysis
cost benefit analysis
dynamic computable general equilibrium model
welfare economics
investment analysis
Uruguay
Acceso en línea:http://sedici.unlp.edu.ar/handle/10915/164863
Aporte de:
SEDICI (UNLP) de Universidad Nacional de La Plata
id I19-R120-10915-164863
record_format dspace
spelling I19-R120-10915-1648632024-04-16T20:02:03Z http://sedici.unlp.edu.ar/handle/10915/164863 Evaluating the Economic Viability of Public Investments in Tourism Banerjee, Onil Cicowiez, Martín Moreda, Adela 2018-11 2018 2024-04-16T13:27:15Z en Ciencias Económicas ex-ante economic impact analysis cost benefit analysis dynamic computable general equilibrium model welfare economics investment analysis Uruguay Various methods have been applied to evaluating the economic viability of public investments in tourism. In this paper, we capitalize on the strengths of general equilibrium and cost benefit analytical techniques and develop an integrated approach to evaluating public investments in tourism. We apply the approach to the evaluation of a US$6.25 million investment in tourism in Uruguay from the perspective of a multi-lateral development bank and a beneficiary government. The approach is powerful in that it captures first and subsequent rounds of investment impacts both on the benefits and costs side; resource diversion and constraints are accounted for, and; the estimation of benefits is consistent with the welfare economics underpinnings of cost benefit analysis. Facultad de Ciencias Económicas Objeto de conferencia Objeto de conferencia http://creativecommons.org/licenses/by-nc-sa/4.0/ Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International (CC BY-NC-SA 4.0) application/pdf
institution Universidad Nacional de La Plata
institution_str I-19
repository_str R-120
collection SEDICI (UNLP)
language Inglés
topic Ciencias Económicas
ex-ante economic impact analysis
cost benefit analysis
dynamic computable general equilibrium model
welfare economics
investment analysis
Uruguay
spellingShingle Ciencias Económicas
ex-ante economic impact analysis
cost benefit analysis
dynamic computable general equilibrium model
welfare economics
investment analysis
Uruguay
Banerjee, Onil
Cicowiez, Martín
Moreda, Adela
Evaluating the Economic Viability of Public Investments in Tourism
topic_facet Ciencias Económicas
ex-ante economic impact analysis
cost benefit analysis
dynamic computable general equilibrium model
welfare economics
investment analysis
Uruguay
description Various methods have been applied to evaluating the economic viability of public investments in tourism. In this paper, we capitalize on the strengths of general equilibrium and cost benefit analytical techniques and develop an integrated approach to evaluating public investments in tourism. We apply the approach to the evaluation of a US$6.25 million investment in tourism in Uruguay from the perspective of a multi-lateral development bank and a beneficiary government. The approach is powerful in that it captures first and subsequent rounds of investment impacts both on the benefits and costs side; resource diversion and constraints are accounted for, and; the estimation of benefits is consistent with the welfare economics underpinnings of cost benefit analysis.
format Objeto de conferencia
Objeto de conferencia
author Banerjee, Onil
Cicowiez, Martín
Moreda, Adela
author_facet Banerjee, Onil
Cicowiez, Martín
Moreda, Adela
author_sort Banerjee, Onil
title Evaluating the Economic Viability of Public Investments in Tourism
title_short Evaluating the Economic Viability of Public Investments in Tourism
title_full Evaluating the Economic Viability of Public Investments in Tourism
title_fullStr Evaluating the Economic Viability of Public Investments in Tourism
title_full_unstemmed Evaluating the Economic Viability of Public Investments in Tourism
title_sort evaluating the economic viability of public investments in tourism
publishDate 2018
url http://sedici.unlp.edu.ar/handle/10915/164863
work_keys_str_mv AT banerjeeonil evaluatingtheeconomicviabilityofpublicinvestmentsintourism
AT cicowiezmartin evaluatingtheeconomicviabilityofpublicinvestmentsintourism
AT moredaadela evaluatingtheeconomicviabilityofpublicinvestmentsintourism
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