A Guide for Undertaking Economic Impact Studies: The Springfest Example Academic Article uri icon

abstract

  • This studys intent is to offer a generalizable model for undertaking economic impact studies that tourism professionals can use to conduct similar studies in their own communities. A conceptual rationale for undertaking economic impact studies is described. The four principles central to the integrity of economic impact analyses are reviewed: exclusion of local residents, exclusion of time-switchers and casuals, use of income rather than sales output measures of economic impact, and correct interpretation of employment multipliers. The economic impact of a festival on Ocean City, Maryland, is offered as an exemplar.

published proceedings

  • Journal of Travel Research

altmetric score

  • 20

author list (cited authors)

  • Crompton, J. L., Lee, S., & Shuster, T. J.

citation count

  • 236

complete list of authors

  • Crompton, John L||Lee, Seokho||Shuster, Thomas J

publication date

  • August 2001