Economic evaluation of special events: Reconciling economic impact and cost–benefit analysis

Dwyer, L; Jago, L; Forsyth, P

Economic evaluation of special events: Reconciling economic impact and cost–benefit analysis

Dwyer, L

Jago, L Forsyth, P

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Publisher:: ROUTLEDGE JOURNALS, TAYLOR & FRANCIS LTD
Publication Type:: Journal Article
Citation:: Scandinavian Journal of Hospitality and Tourism, 2016, 16, (2), pp. 115-129
Issue Date:: 2016-04-02

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Field	Value	Language
dc.contributor.author	Dwyer, L https://orcid.org/0000-0002-9797-1043
dc.contributor.author	Jago, L
dc.contributor.author	Forsyth, P
dc.date.accessioned	2022-08-17T19:30:36Z
dc.date.available	2022-08-17T19:30:36Z
dc.date.issued	2016-04-02
dc.identifier.citation	Scandinavian Journal of Hospitality and Tourism, 2016, 16, (2), pp. 115-129
dc.identifier.issn	1502-2250
dc.identifier.issn	1502-2269
dc.identifier.uri	http://hdl.handle.net/10453/160429
dc.description.abstract	The aims of event assessment are often unclear. Failure to clarify objectives has resulted in a less than satisfactory approach to event evaluation given that the two major approaches, economic impact analysis (EIA) and cost–benefit analysis (CBA), can give conflicting results. Since economic impacts do not equate to net benefits, an important topic for future research should be the issue of reconciling EIA and CBA. An approach is recommended that bridges the gap between EIA and CBA, in a way that has policy relevance for destination managers. Bridging this gap calls forth a host of challenges that must be met by researchers in the future.
dc.language	English
dc.publisher	ROUTLEDGE JOURNALS, TAYLOR & FRANCIS LTD
dc.relation.ispartof	Scandinavian Journal of Hospitality and Tourism
dc.relation.isbasedon	10.1080/15022250.2015.1116404
dc.rights	info:eu-repo/semantics/closedAccess
dc.subject	1506 Tourism
dc.title	Economic evaluation of special events: Reconciling economic impact and cost–benefit analysis
dc.type	Journal Article
utslib.citation.volume	16
utslib.for	1506 Tourism
pubs.organisational-group	/University of Technology Sydney
pubs.organisational-group	/University of Technology Sydney/Faculty of Business
utslib.copyright.status	closed_access	*
dc.date.updated	2022-08-17T19:30:35Z
pubs.issue	2
pubs.publication-status	Published
pubs.volume	16
utslib.citation.issue	2

Abstract:

The aims of event assessment are often unclear. Failure to clarify objectives has resulted in a less than satisfactory approach to event evaluation given that the two major approaches, economic impact analysis (EIA) and cost–benefit analysis (CBA), can give conflicting results. Since economic impacts do not equate to net benefits, an important topic for future research should be the issue of reconciling EIA and CBA. An approach is recommended that bridges the gap between EIA and CBA, in a way that has policy relevance for destination managers. Bridging this gap calls forth a host of challenges that must be met by researchers in the future.

Please use this identifier to cite or link to this item:

http://hdl.handle.net/10453/160429