The Impact of the Cruise Industry on a Region's Economy: A Case Study of Port Canaveral, Florida

2002 ◽  
Vol 8 (3) ◽  
pp. 281-288 ◽  
Author(s):  
Bradley M. Braun ◽  
James A. Xander ◽  
Kenneth R. White
Keyword(s):  
Economic Impact ◽  
Survey Data ◽  
Input Output ◽  
Significant Component ◽  
Cruise Industry ◽  
Us Economy ◽  
The Us ◽  
Cruise Line ◽  
The Impact

The cruise industry has become a significant component of the US economy, and Port Canaveral has become the second largest cruise port in the country. This study focuses on the special considerations that must be taken into account in measuring the direct spending of the cruise industry, and uses a regional input–output model to estimate the total economic impact. The impacts are based on survey data for the following three groups: cruise line spending; cruise passenger spending; and ships' crew spending.

scholarly journals The Impact of COVID-19 on the US Economy: The Multiplier Effects of Tourism

Economies ◽  
2021 ◽  
Vol 10 (1) ◽  
pp. 2
Author(s):  
Nikolaos Rodousakis ◽  
George Soklis
Keyword(s):  
Comparative Analysis ◽  
Domestic Product ◽  
Input Output ◽  
Output Data ◽  
Us Economy ◽  
The Us ◽  
Multiplier Effects ◽  
External Sector ◽  
The Impact

This article explores the multiplier effects on domestic product, employment, and the external sector of the US economy due to the decline of tourism activities during the pandemic. For this purpose, we use an input-output model and the latest available input-output data from the Organisation for Economic Co-operation and Development (OECD’s) database. It was found that for every USD million decrease in tourism receipts, the net output decreases about USD 1.53 million, the level of employment decreases about 16.86 persons, imports decrease about USD 0.20 million, while the comparative analysis of these results with the economy’s average multipliers indicates that tourism constitutes a key sector of the US economy. From the evaluation of the results, it is deduced that the decline of tourism activities recorded in the year 2020 accounts for about one-fourth of the observed recession in the US economy.

scholarly journals Planning and Preparation for Cruising Infrastructure: Cuba as a Case Study

2021 ◽  
Vol 13 (5) ◽  
pp. 2951
Author(s):  
John E. Nyberg ◽  
Shachak Pe’eri ◽  
Susan L. Slocum ◽  
Matthew Rice ◽  
Maction Komwa ◽  
...  
Keyword(s):  
Local Community ◽  
Regional Economies ◽  
Cruise Ship ◽  
Ship Traffic ◽  
Cruise Industry ◽  
Local Resources ◽  
Near Shore ◽  
Cruise Line ◽  
The Impact

The cruise line industry (CLI) provides an opportunity to rapidly improve national (and regional) economies in destinations. However, lack of planning and proper preparation by destination authorities and the cruise industry can have significant impacts on the local community, commerce, and environment. This paper identifies and quantifies near-shore challenges between the national authorities and the CLI that include port facility preparedness and the potential stresses on local infrastructure. These key parameters used to quantify the impact of the CLI on established destinations can potentially become part of the analysis, negotiation, and communication between all parties involved (government, business, and tourists) as part of the contribution to ensure sustainable CLI destinations. The Port of Havana, Cuba was selected as the study site and was compared against similar cruise line destinations around the Meso-American region (Philipsburg, Sint Maarten, Belize City, Belize, and Progreso, Mexico). The Port of Havana’s natural infrastructure and the carriage available for the incoming ship (i.e., nautical charting) appear to be adequate for welcoming increased cruise ship traffic. The main concerns are the potential toll on local resources including the impact on port traffic and the local infrastructure required to support tourists once they depart the ship.

Technological and Demand Change in Energy Use: An Input—Output Analysis

1987 ◽  
Vol 19 (10) ◽  
pp. 1387-1398 ◽  
Author(s):  
J M Gowdy ◽  
J L Miller
Keyword(s):  
Technological Change ◽  
Energy Use ◽  
Input Output ◽  
Output Analysis ◽  
Energy Mix ◽  
Input Output Analysis ◽  
Us Economy ◽  
Time Period ◽  
The Us ◽  
The Impact

In this study input–output tables for the US economy are used to examine the changing pattern of energy use from 1963 to 1977. A method is developed for isolating some of the reasons behind the observed changes. We examine the impact of four types of technological change and two types of demand change on energy use. Two types of technological change that are of particular importance in the time period considered are changes in energy mix and changes due to substitution among nonenergy inputs.

Economic impact of cruise industry using regional input–output analysis: a case study of Incheon

2015 ◽  
Vol 43 (1) ◽  
pp. 1-18 ◽  
Author(s):  
Young-Tae Chang ◽  
Hyosoo Park ◽  
Shu-Min Liu ◽  
Younghoon Roh
Keyword(s):  
Economic Impact ◽  
Input Output ◽  
Output Analysis ◽  
Cruise Industry ◽  
Input Output Analysis

scholarly journals Sustainable Tourism, Economic Growth and Employment—The Case of the Wine Routes of Spain

2021 ◽  
Vol 13 (13) ◽  
pp. 7164
Author(s):  
Guillermo Vázquez Vicente ◽  
Victor Martín Barroso ◽  
Francisco José Blanco Jiménez
Keyword(s):  
Economic Growth ◽  
Economic Impact ◽  
Rural Areas ◽  
Local Development ◽  
Tourism Industry ◽  
Wine Tourism ◽  
Development Tool ◽  
The Us ◽  
The Impact ◽  
Positive Effect

Tourism has become a priority in national and regional development policies and is considered a source of economic growth, particularly in rural areas. Nowadays, wine tourism is an important form of tourism and has become a local development tool for rural areas. Regional tourism development studies based on wine tourism have a long history in several countries such as the US and Australia, but are more recent in Europe. Although Spain is a leading country in the tourism industry, with an enormous wine-growing tradition, the literature examining the economic impact of wine tourism in Spanish economy is scarce. In an attempt to fill this gap, the main objective of this paper is to analyze the impact of wine tourism on economic growth and employment in Spain. More specifically, by applying panel data techniques, we study the economic impact of tourism in nine Spanish wine routes in the period from 2008 to 2018. Our results suggest that tourism in these wine routes had a positive effect on economic growth. However, we do not find clear evidence of a positive effect on employment generation.

scholarly journals An Input–Output Ex Ante Regional Model to Assess the Short-Term Net Effects of the 16 April 2016 Earthquake in Ecuador

2021 ◽  
Author(s):  
Jorge Salgado ◽  
José Ramírez-Álvarez ◽  
Diego Mancheno
Keyword(s):  
Natural Hazard ◽  
National Accounts ◽  
Input Output ◽  
Short Term ◽  
Ex Ante ◽  
The Impact ◽  
Consumption Demand ◽  
Two Sectors ◽  
Positive Effect

AbstractThe 16 April 2016 earthquake in Ecuador exposed the significant weaknesses concerning the methodological designs to compute—from an economic standpoint—the consequences of a natural hazard-related disaster for productive exchanges and the accumulation of capital in Ecuador. This study addressed one of these challenges with an innovative ex ante model to measure the partial and net short-term effects of a natural hazard-related catastrophe from an interregional perspective, with the 16 April 2016 earthquake serving as a case study. In general, the specified and estimated model follows the approach of the extended Miyazawa model, which endogenizes consumption demand in a standard input–output model with the subnational interrelations and resulting multipliers. Due to the country’s limitations in its regional account records the input–output matrices for each province of Ecuador had to be estimated, which then allowed transactions carried out between any two sectors within or outside a given province to be identified by means of the RAS method. The estimations provide evidence that the net short-term impact on the national accounts was not significant, and under some of the simulated scenarios, based on the official information with respect to earthquake management, the impact may even have had a positive effect on the growth of the national product during 2016.

Estimating the economic impact of a port through regional input–output tables: Case study of the Port of Cartagena (Spain)

2015 ◽  
Author(s):  
Andrés Artal-Tur ◽  
José María Gómez-Fuster ◽  
José Miguel Navarro-Azorín ◽  
José María Ramos-Parreño
Keyword(s):  
Economic Impact ◽  
Input Output

Lenovo’s successful acquisition of the IBM PC Division

2016 ◽  
Vol 32 (9) ◽  
pp. 32-35
Author(s):  
Mark Thomas
Keyword(s):  
Design Methodology ◽  
Chinese Economy ◽  
High Tech ◽  
Tablet Computers ◽  
Content Type ◽  
Us Economy ◽  
The Us ◽  
Pertinent Information ◽  
Traditional Manufacturing

Purpose The purpose of this paper is to analyze Lenovo’s successful acquisition of IBM’s PC division using Ghemawat’s (2001) CAGE framework. It was an acquisition that was so full of symbols that it is difficult to know where to begin. Lenovo’s purchase of IBM in 2005 was first seen as a sign of the rapid growth and expansion of the Chinese economy and its transformation away from the traditional manufacturing base to more high-tech areas. For doomsday merchants in the land of Uncle Sam, it foretold the end of the world domination of the US economy. Despite a considerable number of skeptics at the time, Lenovo was clearly up to the task. Such was the success of the acquisition that by 2015, Lenovo could claim to have grown into the world’s number 1 PC maker, number 3 smartphone manufacturer and number 3 in the production of tablet computers. Design/methodology/approach This paper is a case study. Findings Despite a considerable number of skeptics at the time, Lenovo was clearly up to the task. Such was the success of the acquisition that by 2015, Lenovo could claim to have grown into the world’s number 1 PC maker, number 3 smartphone manufacturer and number 3 in the production of tablet computers. Indeed, by 2014, the firm had enough confidence to add the IBM server business to its portfolio. Originality/value The briefing saves busy executives and researchers hours of reading time by selecting only the very best, most pertinent information and presenting it in a condensed and easy-to-digest format.

scholarly journals Medical costs of keeping the US economy open during COVID-19

2020 ◽  
Vol 10 (1) ◽  
Author(s):  
Jiangzhuo Chen ◽  
Anil Vullikanti ◽  
Stefan Hoops ◽  
Henning Mortveit ◽  
Bryan Lewis ◽  
...  
Keyword(s):  
National Level ◽  
Medical Costs ◽  
Medical Attention ◽  
Health States ◽  
Us Economy ◽  
Hospital Referral Region ◽  
Hospital Referral ◽  
The Us ◽  
Hospital Beds ◽  
The Impact

Abstract We use an individual based model and national level epidemic simulations to estimate the medical costs of keeping the US economy open during COVID-19 pandemic under different counterfactual scenarios. We model an unmitigated scenario and 12 mitigation scenarios which differ in compliance behavior to social distancing strategies and in the duration of the stay-home order. Under each scenario we estimate the number of people who are likely to get infected and require medical attention, hospitalization, and ventilators. Given the per capita medical cost for each of these health states, we compute the total medical costs for each scenario and show the tradeoffs between deaths, costs, infections, compliance and the duration of stay-home order. We also consider the hospital bed capacity of each Hospital Referral Region (HRR) in the US to estimate the deficit in beds each HRR will likely encounter given the demand for hospital beds. We consider a case where HRRs share hospital beds among the neighboring HRRs during a surge in demand beyond the available beds and the impact it has in controlling additional deaths.

Sign in / Sign up

Export Citation Format

Share Document