Regional Economics

1
Regional Economics

• Define a region
• Social-cultural
• Political
• Economic
• Physical features

2
Economic Impact

• GNP(Y) CIG(X-M)
• Basic vs Non Basic
• Direct Economic Impact
• Indirect Economic Impact
• Total Economic Impact
• Multipliers
• Sales vs income vs employment

3
Methods to Increase Multilplier

• Increase size of Region
• Increase linkages between businesses in Region
• Emphasize local products
• Use local people as employees

4
Tourist types affecting economic impact

• Type of activity
• Length of stay
• Purpose of trip

5
Extent of Impact is Situational

• Causes inflation
• Leads to economic growth without inflation

6
Traveler Behaviour

• Hierarchy of Needs
• Patterns of Participation
• Institutionalized
• Organized mass
• Individual Mass
• Non-Institutionalized
• Explorer
• Drifter

7
Travel Models

• Spatial
• Anticipation
• Travel to
• On site
• Travel from
• Recollections

8
Travel Models

• Socio-cultural model
• Psychographic
• Barriers
• Time
• Money
• Health
• Family life cycle