Event evaluation Approaches and new challenges

Dwyer, L; Forsyth, P

Event evaluation Approaches and new challenges

Dwyer, L

Forsyth, P

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Publisher:: Routledge
Publication Type:: Chapter
Citation:: The Value of Events, 2017, pp. 105-123
Issue Date:: 2017-01-01

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Field	Value	Language
dc.contributor.author	Dwyer, L https://orcid.org/0000-0002-9797-1043
dc.contributor.author	Forsyth, P
dc.date.accessioned	2022-11-17T22:01:28Z
dc.date.available	2022-11-17T22:01:28Z
dc.date.issued	2017-01-01
dc.identifier.citation	The Value of Events, 2017, pp. 105-123
dc.identifier.isbn	9781138678415
dc.identifier.uri	http://hdl.handle.net/10453/163566
dc.description.abstract	This chapter presents an overview of the main approaches to economic evaluation of special events. These are: economic impact analysis (EIA) and cost-benefit analysis (CBA). CBA is an ideal approach to event assessment as it is holistic, including, in principle, all costs and benefits associated with an event. A measure of the net benefit of a special event to the community as a whole can be obtained by adding up the monetary evaluation of the gains and losses experienced by all in the community. EIA involves estimating the additional expenditure generated by the event, and then using some form of economic model to estimate how this expenditure affects the destination economy. Two main types of modelling techniques are used for EIA: input-output (I-O) and computable general equilibrium (CGE) modelling. In I-O model, an exogenous injection of expenditure, such as an increase in visitor expenditure associated with the holding of a special event, generates an increase in output in supplier industries.
dc.format.extent	11
dc.language	en
dc.publisher	Routledge
dc.relation.ispartof	The Value of Events
dc.relation.isbasedon	10.4324/9781315558950-9
dc.rights	info:eu-repo/semantics/closedAccess
dc.title	Event evaluation Approaches and new challenges
dc.type	Chapter
pubs.organisational-group	/University of Technology Sydney
pubs.organisational-group	/University of Technology Sydney/Faculty of Business
utslib.copyright.status	closed_access	*
pubs.consider-herdc	false
dc.date.updated	2022-11-17T22:01:26Z
pubs.place-of-publication	UK
pubs.publication-status	Published
dc.location	UK

Abstract:

This chapter presents an overview of the main approaches to economic evaluation of special events. These are: economic impact analysis (EIA) and cost-benefit analysis (CBA). CBA is an ideal approach to event assessment as it is holistic, including, in principle, all costs and benefits associated with an event. A measure of the net benefit of a special event to the community as a whole can be obtained by adding up the monetary evaluation of the gains and losses experienced by all in the community. EIA involves estimating the additional expenditure generated by the event, and then using some form of economic model to estimate how this expenditure affects the destination economy. Two main types of modelling techniques are used for EIA: input-output (I-O) and computable general equilibrium (CGE) modelling. In I-O model, an exogenous injection of expenditure, such as an increase in visitor expenditure associated with the holding of a special event, generates an increase in output in supplier industries.

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http://hdl.handle.net/10453/163566