Abstract
A CGE model needs a large amount of data. What kinds of data are required? Where can we obtain these data? How are they related to the CGE model structure? This chapter provides answers to these questions. Using the tourism CGE model for Singapore, this chapter illustrates in detail the procedures and skills to construct a database for a tourism CGE model, including I–O updating, aggregation and disaggregation, mapping, and new matrix derivation.
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Notes
- 1.
The other reason for this approach is that, in Singapore I–O tables, there is no exportation for non-shopping goods and services.
- 2.
This is confirmed by other estimations on tourism demand elasticities. For example, Syriopoulos and Sinclair (1993) estimated a value of −1.11 for own-price elasticity of tourism demand in Spain, but a later study by De Mello et al. (1999), in which Sinclair was also involved, estimated a value of −1.93 for the same elasticity for Spain.
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Meng, S., Siriwardana, M. (2017). Preparing Database for a Tourism CGE Model. In: Assessing the Economic Impact of Tourism. Palgrave Macmillan, Cham. https://doi.org/10.1007/978-3-319-40328-1_6
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