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CABI Book Chapter

Leisure and tourism policy and planning.

Book cover for Leisure and tourism policy and planning.

Description

This book provides a comprehensive, multidisciplinary introduction to public policy and planning in the field of leisure and tourism. It includes theoretical perspectives and practical guidelines for the application of a range of analytical techniques. It is an updated edition of Leisure Policy and Planning (1994), now covering tourism as well as leisure and addressing such issues as citizens' rig...

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Chapter 9 (Page no: 185)

Economic evaluation techniques.

This chapter examines two economics-based techniques used in leisure and tourism planning and decision-making, namely cost-benefit analysis and economic impact analysis. Both can be seen as aids to decision-making at the planning stage or part of the evaluation of projects when up and running or completed. Cost-benefit analysis seeks to measure all the costs and benefits associated with a project, whether or not they fall directly on the promoters of the project or its users. In that sense the method tries to capture some of the public-good dimensions and externalities associated with public projects. It is noted that some costs and benefits may not be measurable and convertible into monetary quantities, and these are identified in any cost-benefit study. Among the approaches explored in measuring benefits are the willingness-to-pay or contingency method and the travel cost or Clawson method. Economic-impact studies are not concerned with the costs of a project but only with its effects in terms of income and jobs in an area. The approach can therefore also be used to assess the importance to an economy of an industry sector, such as the arts, tourism or sport. Of particular interest in economic-impact studies is the idea of the multiplier.

Other chapters from this book

Chapter: 1 (Page no: 1) Introduction. Author(s): Veal, A. J.
Chapter: 2 (Page no: 11) Leisure and tourism: rights, needs and citizenship. Author(s): Veal, A. J.
Chapter: 3 (Page no: 35) Political ideologies and the role of the state. Author(s): Veal, A. J.
Chapter: 4 (Page no: 53) The market versus the state. Author(s): Veal, A. J.
Chapter: 5 (Page no: 73) Public policy-making. Author(s): Veal, A. J.
Chapter: 6 (Page no: 88) Leisure and tourism plans and planning. Author(s): Veal, A. J.
Chapter: 7 (Page no: 116) Planning methods. Author(s): Veal, A. J.
Chapter: 8 (Page no: 154) Forecasting leisure and tourism demand. Author(s): Veal, A. J.
Chapter: 10 (Page no: 211) Performance evaluation. Author(s): Veal, A. J.
Chapter: 11 (Page no: 238) Policy and planning for particular sectors and groups. Author(s): Veal, A. J.