ABSTRACT

One of the major uses of I-O and SAM models is to assess the effects on an economy when there are changes in elements that are exogenous to the model of that economy (Miller and Blair 1985). For example, when tourists visit natural areas, they spend money at various local business activities. These expenditures create additional economic activity as the monies flow within the region economy. Regional economic multipliers are measures of economic changes that summarize these responding effects.