文章基本信息

标题：Economic impact of the Klein Karoo National Arts Festival: Investigating the application of different models
本地全文：下载
作者：Lukas van Wyk ; Melville Saayman ; Riaan Rossouw 等
期刊名称：Journal of Economic and Financial Sciences
印刷版ISSN：1995-7076
电子版ISSN：2312-2803
出版年度：2013
卷号：6
期号：1
页码：129-152
DOI：10.4102/jef.v6i1.280
摘要：This 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.
其他摘要：This 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.
关键词：arts festival; economic impact; event tourism; multiplier analysis; regional CGE modelling; social accounting; Value at Risk; asymmetric GARCH; Extreme Value Theory; violations
其他关键词：arts festival;economic impact;event tourism;multiplier analysis;regional CGE modelling;social accounting;Value at Risk;asymmetric GARCH;Extreme Value Theory;violations