Contents
A new approach to measuring the economic impacts of tourism / Larry Dwyer 1
Introduction 1
The Standard View of Tourism's Economic Impacts 1
The Need for an Alternative Framework of Analysis 3
Impacts of tourism expenditure in real world economies 6
Factor Supply Constraints 6
Exchange Rate Appreciation 7
Fiscal Policy 7
Implications for Industrial Structure 7
Implications for Regions 8
What Remains of the Standard View? 10
Conclusions and Areas for Further Research 12
References 14
Abstract 18