@article{Gasparino:37846,
      recid = {37846},
      author = {Gasparino, Ugo and Bellini, Elena and del Corpo, Barbara  and Malizia, William},
      title = {Measuring the Impact of Tourism Upon Urban Economies: A  Review of Literature},
      address = {2008-06},
      number = {834-2016-55513},
      series = {KTHC},
      pages = {34},
      year = {2008},
      note = {Replaced with revised version of paper 01/16/09.},
      abstract = {Tourism is increasingly seen as a potential lever towards  high economic growth, measured both in terms of income and  employment. In recent years, interest in tourism has spread  rapidly throughout many small and medium European cities,  which previously have not considered themselves as tourist  destinations. This paper reviews and summarises the  existing literature on the economic assessment of tourism  with the objectives of, firstly, identifying the main  categories of impacts and, secondly, constructing an  inventory of methodologies available to assess them. We  will progress step by step, starting from the most  simplistic approaches and relaxing assumptions as we  proceed. Firstly, we assume a static setting, with spare  capacity. In such a setting (partial equilibrium), prices  do not respond to demand shocks: only quantities  (production, income and jobs) adjust. Secondly, we relax  this assumption and assume that there is no spare capacity:  prices respond to increasing demand (general equilibrium),  leading to reallocation of resources across sectors. We  then move from a static to a dynamic setting and survey  those contributions that look at the relationship between  tourism specialisation and long-run growth.},
      url = {http://ageconsearch.umn.edu/record/37846},
      doi = {https://doi.org/10.22004/ag.econ.37846},
}