Evaluating the Economic Viability of Public Investments in Tourism

Autores
Banerjee, Onil; Cicowiez, Martín; Moreda, Adela
Año de publicación
2018
Idioma
inglés
Tipo de recurso
documento de conferencia
Estado
versión publicada
Descripción
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
Materia
Ciencias Económicas
ex-ante economic impact analysis
cost benefit analysis
dynamic computable general equilibrium model
welfare economics
investment analysis
Uruguay
Nivel de accesibilidad
acceso abierto
Condiciones de uso
http://creativecommons.org/licenses/by-nc-sa/4.0/
Repositorio
SEDICI (UNLP)
Institución
Universidad Nacional de La Plata
OAI Identificador
oai:sedici.unlp.edu.ar:10915/164863
Acceder
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network_name_str SEDICI (UNLP)
spelling Evaluating the Economic Viability of Public Investments in TourismBanerjee, OnilCicowiez, MartínMoreda, AdelaCiencias Económicasex-ante economic impact analysiscost benefit analysisdynamic computable general equilibrium modelwelfare economicsinvestment analysisUruguayVarious 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 Económicas2018-11info:eu-repo/semantics/conferenceObjectinfo:eu-repo/semantics/publishedVersionObjeto de conferenciahttp://purl.org/coar/resource_type/c_5794info:ar-repo/semantics/documentoDeConferenciaapplication/pdfhttp://sedici.unlp.edu.ar/handle/10915/164863enginfo:eu-repo/semantics/altIdentifier/isbn/978-987-28590-6-0info:eu-repo/semantics/altIdentifier/url/https://bd.aaep.org.ar/anales/works/works2018/cicowiez.pdfinfo:eu-repo/semantics/altIdentifier/issn/1852-0022info:eu-repo/semantics/openAccesshttp://creativecommons.org/licenses/by-nc-sa/4.0/Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International (CC BY-NC-SA 4.0)reponame:SEDICI (UNLP)instname:Universidad Nacional de La Platainstacron:UNLP2025-09-03T11:15:25Zoai:sedici.unlp.edu.ar:10915/164863Institucionalhttp://sedici.unlp.edu.ar/Universidad públicaNo correspondehttp://sedici.unlp.edu.ar/oai/snrdalira@sedici.unlp.edu.arArgentinaNo correspondeNo correspondeNo correspondeopendoar:13292025-09-03 11:15:25.481SEDICI (UNLP) - Universidad Nacional de La Platafalse
dc.title.none.fl_str_mv Evaluating the Economic Viability of Public Investments in Tourism
title Evaluating the Economic Viability of Public Investments in Tourism
spellingShingle Evaluating the Economic Viability of Public Investments in Tourism
Banerjee, Onil
Ciencias Económicas
ex-ante economic impact analysis
cost benefit analysis
dynamic computable general equilibrium model
welfare economics
investment analysis
Uruguay
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
dc.creator.none.fl_str_mv Banerjee, Onil
Cicowiez, Martín
Moreda, Adela
author Banerjee, Onil
author_facet Banerjee, Onil
Cicowiez, Martín
Moreda, Adela
author_role author
author2 Cicowiez, Martín
Moreda, Adela
author2_role author
author
dc.subject.none.fl_str_mv Ciencias Económicas
ex-ante economic impact analysis
cost benefit analysis
dynamic computable general equilibrium model
welfare economics
investment analysis
Uruguay
topic Ciencias Económicas
ex-ante economic impact analysis
cost benefit analysis
dynamic computable general equilibrium model
welfare economics
investment analysis
Uruguay
dc.description.none.fl_txt_mv 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
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.
publishDate 2018
dc.date.none.fl_str_mv 2018-11
dc.type.none.fl_str_mv info:eu-repo/semantics/conferenceObject
info:eu-repo/semantics/publishedVersion
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status_str publishedVersion
dc.identifier.none.fl_str_mv http://sedici.unlp.edu.ar/handle/10915/164863
url http://sedici.unlp.edu.ar/handle/10915/164863
dc.language.none.fl_str_mv eng
language eng
dc.relation.none.fl_str_mv info:eu-repo/semantics/altIdentifier/isbn/978-987-28590-6-0
info:eu-repo/semantics/altIdentifier/url/https://bd.aaep.org.ar/anales/works/works2018/cicowiez.pdf
info:eu-repo/semantics/altIdentifier/issn/1852-0022
dc.rights.none.fl_str_mv info:eu-repo/semantics/openAccess
http://creativecommons.org/licenses/by-nc-sa/4.0/
Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International (CC BY-NC-SA 4.0)
eu_rights_str_mv openAccess
rights_invalid_str_mv http://creativecommons.org/licenses/by-nc-sa/4.0/
Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International (CC BY-NC-SA 4.0)
dc.format.none.fl_str_mv application/pdf
dc.source.none.fl_str_mv reponame:SEDICI (UNLP)
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repository.name.fl_str_mv SEDICI (UNLP) - Universidad Nacional de La Plata
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