Evaluation of the economic impact of tourism expenditures in Portugal

Figueiras, Isa Mónica Rodrigues

http://hdl.handle.net/10400.1/8000

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Authors

Figueiras, Isa Mónica Rodrigues

Advisor(s)

Nunes, Rui

Abstract(s)

Tourism activities have been gaining importance all over the world, an expression of this being the growing share of the tourist sector regarding most macroeconomic aggregates, such as GDP, output, employment, imports and government revenue. As a consequence, tourism analysis has been attracting much attention from the scientific community. One field receiving special attention from both tourism scholars and practitioners is that of economic impact analysis of tourism expenditures, as there is still a debate over the contribution of tourism spending to the promotion of economic wealth and employment as well as the improvement of the structural unbalances of the whole economy. This work intends to evaluate the economic impact of tourist expenditures in Portugal, in the year 2008. The technique used is input-output analysis. The use of the inputoutput matrix of Portugal for the year of 2008, coupled with the generation of a final demand vector containing tourist expenditures, allows the calculation of various multipliers and the assessment of direct, indirect and induced effects of tourist expenditures on the Portuguese economy.