In this study we have provided estimates of the economic impact of tourist exports on the Florida economy. To do so we constructed a small econometric model of the State. We derived two types of multipliers from our model. The standard econometric multipliers enabled us to analyze the pattern by which tourist expenditures impacted the State's economy. We also calculated tourist income and employment multipliers which enabled us to measure the share of State income and employment attributed to tourism. / From our study we can conclude that tourism plays a very important role in the Florida economy. We calculated that for the years studied, on average, close to 33.2% of Florida's personal income and 26% of the State's jobs are attributed to tourist exports. We have also established that a substantial portion of our state's beverage, cigarette, and sales taxes are paid by tourists. / Though our multiplier analysis has proven a useful tool in measuring the impact of tourism on the Florida economy, one should be made aware of some of the limitations of this type of analysis. First, the estimated value of multipliers are not invariant to the choice of model, the aggregation and specification of the model, and the data utilized to estimate it. The values of the multipliers estimated here should be used with caution outside of the context of this study and should only be applied to data comparable to that used in estimating this model. / Second, multiplier analysis assumes that supply is perfectly elastic. That is, that supply expands to accommodate tourist demand without diverting resources from other uses. The opportunity cost of providing tourist goods and services is thus evaluated at zero. / A final limitation is that multiplier analysis provides only a partial analysis of economic impact. Only the quantifiable benefits of tourism are measured. Not only is zero opportunity cost assumed, but no other social costs associated with tourism are accounted for. These costs include building and maintaining the infrastructure that supports the tourist industry, lost utility to residents due to congestion, and the cost of environmental damage. / Source: Dissertation Abstracts International, Volume: 47-07, Section: A, page: 2666. / Thesis (Ph.D.)--The Florida State University, 1986.
| Identifer | oai:union.ndltd.org:fsu.edu/oai:fsu.digital.flvc.org:fsu_75872 |
| Contributors | ESPINO, MARIA DOLORES., Florida State University |
| Source Sets | Florida State University |
| Detected Language | English |
| Type | Text |
| Format | 327 p. |
| Rights | On campus use only. |
| Relation | Dissertation Abstracts International |
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