By Tadayuki Hara
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Extra info for Quantitative Tourism Industry Analysis: Introduction to Input-Output, Social Accounting Matrix Modelling and Tourism Satellite Accounts
Sample text
Similarly, no government or pressure group in the US tries to exert protectionistlike pressure over US consumers to visit domestic destinations (and buy local products) in lieu of foreign destinations (and buy foreign products), despite the significant impact of tourismrelated spending on the economy. For example, a substantial tourism trade surplus on the US economy was recorded in 1999, as shown in Table 1-13. One of the unique features of the tourism industry lies in its ability to conduct international transactions in line with the principles of free trade, without any interference of domestic pressure groups, in clear contrast with the trade of traditional goods.
A tourist must to visit China to see the Great Wall, Egypt to see pyramids, Israel to visit Jerusalem, New York City to visit the Statute of Liberty, the Red Sea to experience ultimate diving, and France to see Paris, irrespective of the relative costs of services. e. consumers. g. between the US and less-developed nations), it is evident that some industries in importing nations, such as the steel and textile industries, have strong domestic lobbyists, who tend to interfere with the principles of free, normal trade patterns.
E. output) to the manufacturing sector, who make orange juice. e. output) as intermediate goods in the interindustry transactions (agricultural output sold to the manufacturing sector). As for the remaining oranges, you decide to take them to the farmer ’s market, where people can directly purchase them for their own consumption, to satisfy their final demand. e. 1) Since this is one of the key concepts, let us consider some examples. Imagine you own the Bridgestone-Firestone tire factory. e. as a final demand.