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
Publication Type:: Chapter
Citation:: Event Impact, 2018, pp. 5-19
Issue Date:: 2018

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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.contributor.editor	Armbrecht, J
dc.contributor.editor	Andersson, T
dc.date.accessioned	2022-12-19T21:15:17Z
dc.date.available	2022-12-19T21:15:17Z
dc.date.issued	2018
dc.identifier.citation	Event Impact, 2018, pp. 5-19
dc.identifier.isbn	9781315181356
dc.identifier.uri	http://hdl.handle.net/10453/164480
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.format.extent	8
dc.language	en
dc.publisher	Routledge
dc.relation.ispartof	Event Impact
dc.relation.isbasedon	10.4324/9781315181356-2
dc.rights	info:eu-repo/semantics/closedAccess
dc.title	Economic evaluation of special events: Reconciling economic impact and cost–benefit analysis
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	2022-12-19T21:15:14Z
pubs.place-of-publication	UK
pubs.publication-status	Published
dc.location	UK

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.

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http://hdl.handle.net/10453/164480