Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/259484 
Authors: 
Year of Publication: 
2022
Series/Report no.: 
ADB Economics Working Paper Series No. 646
Publisher: 
Asian Development Bank (ADB), Manila
Abstract: 
In the globalization era, many products in the tourism industry are imported from other economies; whereas other products may be exported as intermediates to other economies. Researchers have assessed the economic impact of tourism for more than 40 years, but have shed little light on the economic impact on economies in the global value chain. To fill this gap, this analysis used the multiregional input-output table with 35 industries and 63 economies to comprehensively examine the economic contribution of tourism to Thailand as well as to the global economy. Findings suggest that tourism in Thailand generates significant economic impact on output and value added. The industry has stronger intra-spillover and linkage with domestic industries, particularly downstream industries, and weaker connections with industries in other economies in the global supply chain. The multiregional input-output model also reveals that it can measure the export performance of the industry more accurately than the traditional input-output model. Findings generate comprehensive empirical results for destinations and regional organizations to more accurately strategize tourism or regional tourism development plans.
Subjects: 
multiregional input-output model
global value chain
economic impact
tourism development
JEL: 
R15
Z32
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by Logo
Document Type: 
Working Paper






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