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Regional Economics

Regional Economics. Define a region Social-cultural Political Economic Physical features. Economic Impact. GNP(Y)= C+I+G+(X-M) Basic vs Non Basic Direct Economic Impact Indirect Economic Impact Total Economic Impact Multipliers Sales vs income vs employment.

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Regional Economics

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  1. Regional Economics • Define a region • Social-cultural • Political • Economic • Physical features

  2. Economic Impact • GNP(Y)= C+I+G+(X-M) • Basic vs Non Basic • Direct Economic Impact • Indirect Economic Impact • Total Economic Impact • Multipliers • Sales vs income vs employment

  3. Methods to Increase Multilplier • Increase size of Region • Increase linkages between businesses in Region • Emphasize local products • Use local people as employees

  4. Tourist types affecting economic impact • Type of activity • Length of stay • Purpose of trip

  5. Extent of Impact is Situational • Causes inflation • Leads to economic growth without inflation

  6. Traveler Behaviour • Hierarchy of Needs • Patterns of Participation • Institutionalized • Organized mass • Individual Mass • Non-Institutionalized • Explorer • Drifter

  7. Travel Models • Spatial • Anticipation • Travel to • On site • Travel from • Recollections

  8. Travel Models • Socio-cultural model • Psychographic • Barriers • Time • Money • Health • Family life cycle

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