Tourism's Contribution to a State Economy: A Multi-Regional General Equilibrium Analysis

Abstract
A multi-regional general equilibrium model is used to estimate the effects of increased tourism on the economy of New South Wales, Australia's largest state. Simulations were undertaken of the effects of an increase in world, interstate and intrastate tourism on the economy of New South Wales focusing on the assumptions that generate maximum impacts. The paper concludes with a discussion of the implications for policy making from the perspective of New South Wales as a tourism destination.