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

Larry Dwyer, Leo Jago, Peter Forsyth

Research output: Contribution to journalArticleResearchpeer-review

14 Citations (Scopus)

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.

Original languageEnglish
Pages (from-to)115-129
Number of pages15
JournalScandinavian Journal of Hospitality and Tourism
Volume16
Issue number2
DOIs
Publication statusPublished - 2 Apr 2016

Keywords

  • benefits
  • costs
  • Event assessment
  • impacts

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