Using the Murphy Model to Provide Short‐run Macroeconomic Closure for ORANI

Breece, James H.; McLaren, Keith R.; Murphy, Christopher W.; Powell, Andrew

doi:10.1111/j.1475-4932.1994.tb01849.x

Cited by 7 publications

(1 citation statement)

References 8 publications

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“…The more general approach would be layer combinations of (L1, L2) and (L1, L2, L3), indicating combining a TSA with an AGE model and, in the last case, combining, for example, a macroeconometric model, an AGE model and a TSA. Integration/layering between AGE and macroeconomic/econometric models also exists (for example, Cooper et al, 1985;Bourguignon et al, 1989;Breece et al, 1994;Meagher, 1996), as indicated by the combination (L2, L3).…”

Section: Exploiting Synergies and Complementary Aspects Of Tsas And Amentioning

confidence: 99%

Assimilation of Tourism Satellite Accounts and Applied General Equilibrium Models to Inform Tourism Policy Analysis

Rossouw

Saayman

2011

Tourism Economics

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Historically, tourism policy analysis in South Africa has posed challenges to accurate measurement. The primary reason for this is that tourism is not designated as an ‘industry’ in standard economic accounts. This paper therefore demonstrates the relevance and need for applied general equilibrium (AGE) models to be completed and extended through an integration with tourism satellite accounts (TSAs) as a tool for policy makers (especially tourism policy makers) in South Africa. The paper sets out the reasons behind the need for economic models for policy analysis and other purposes, and gives an overview of old and new approaches to tourism policy modelling. The relevance of integrated models to, specifically, tourism policy analysis both internationally and in the South African context is discussed, followed by an illustrative empirical simulation of an exogenous inbound tourism expansion of 10%, against the background of the relationship between tourism and economic development. Furthermore, the indirect effects of an input–output model are also presented for comparison. The results confirm that the integrated approach is a more accurate tool for policy analysis.

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Section: Exploiting Synergies and Complementary Aspects Of Tsas And Amentioning

confidence: 99%

Assimilation of Tourism Satellite Accounts and Applied General Equilibrium Models to Inform Tourism Policy Analysis

Rossouw

Saayman

2011

Tourism Economics

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The MONASH Style of Computable General Equilibrium Modeling: A Framework for Practical Policy Analysis

Dixon

Koopman

Rimmer

2013

Handbook of Computable General Equilibrium Modeling

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Using Surveys of Business Expenditure to Draw Inferences about the Size of Regional Multipliers: A Case-study of Tourism in Northern Australia

Stoeckl

2007

Regional Studies

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Stoeckl N. (2007) Using surveys of business expenditure to draw inferences about the size of regional multipliers: a case-study of tourism in Northern Australia, Regional Studies 41, 917-931. Using data from 429 different tourism enterprises operating in 47 different postcodes across Northern Australia, this paper provides an empirical illustration of a novel 'short-cut' to estimating the size of multipliers associated with specific businesses in rural areas - termed business-level multipliers (BLMs). The estimates are mapped across space and regressed against several variables including: type of enterprise, number of employees and remoteness of region in which the business is operating. The results show that business spending patterns vary more by 'remoteness' than by the type of enterprise. Stoeckl N. (2007) L'emploi des enquetes sur les depenses d'entreprises pour en tirer des conclusions quant a l'importance des multiplicateurs regionaux: etude de cas du tourisme dans l'Australie du Nord, Regional Studies 41, 917-931. A partir des donnees aupres de 429 entreprises de tourisme differentes situees dans 47 codes postaux a travers l'Australie du Nord, cet article cherche a illustrer empiriquement un 'raccourci' original a l'estimation de l'importance des multiplicateurs associes a des entreprises particulieres situees en zone rurale - appeles multiplicateurs d'entreprises (business-level multipliers; BLM). Les estimations sont elaborees dans l'espace et on en fait des regressions par rapport a plusieurs variables, y compris: la categorie d'entreprise, l'effectif, et l'isolement de la region ou est situee l'entreprise. Les resultats montrent que la distribution des depenses d'entreprises varie plus par rapport a 'l'isolement' qu'elle ne le fait par rapport a la categorie d'entreprise. Multiplicateurs; Tourisme; Isolement; Australie du Nord Stoeckl N. (2007) Die Nutzung der Erhebungen uber betriebliche Ausgaben zum Schluss auf die Grosse regionaler Multiplikatoren: eine Fallstudie im Bereich des Fremdenverkehrs von Nordaustralien, Regional Studies 41, 917-931. Anhand der Daten von 429 verschiedenen Fremdenverkehrsbetrieben in 47 verschiedenen Postleitzahlgebieten Nordaustraliens liefert dieser Beitrag eine empirische Illustration einer neuartigen ,Abkurzung' zur Schatzung der Grosse der Multiplikatoren von bestimmten Betrieben in landlichen Gebieten - wofur die Bezeichnung ,Multiplikatoren auf Betriebsebene' gewahlt wird. Die Schatzungen werden uber den Raum hinweg abgebildet und anhand mehrerer Variablen zuruckentwickelt, darunter: Art des Betriebes, Anzahl der Mitarbeiter und Abgelegenheit der Region, in welcher der Betrieb tatig ist. Die Ergebnisse zeigen, dass die Schwankungen der Ausgabenmuster von Betrieben starker von der Abgelegenheit abhangen als von der Art der Betriebe. Multiplikatoren; Fremdenverkehr; Abgelegenheit; Nordaustralien Stoeckl N. (2007) Conclusiones extraidas a partir de estudios sobre el gasto comercial con respecto al tamano de los multiplicadores regionales: el ejemplo del turismo en el n...

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Using the Murphy Model to Provide Short‐run Macroeconomic Closure for ORANI

Cited by 7 publications

References 8 publications

Assimilation of Tourism Satellite Accounts and Applied General Equilibrium Models to Inform Tourism Policy Analysis

Assimilation of Tourism Satellite Accounts and Applied General Equilibrium Models to Inform Tourism Policy Analysis

The MONASH Style of Computable General Equilibrium Modeling: A Framework for Practical Policy Analysis

Using Surveys of Business Expenditure to Draw Inferences about the Size of Regional Multipliers: A Case-study of Tourism in Northern Australia

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