Acta Economica et Turistica (Jan 2020)
Measurement of Direct and Indirect Effects of Tourism On GDP by TSA: Analysis of the Results for Slovenia and Its Biggest Touristic Markets
Abstract
Tourism, recognized as a fast-growing industry, present, globally as well as in Slovenia, is facing incomplete statistical monitoring. In most countries monitoring is conducted in accordance with established statistical monitoring criteria. Therefore, rapid changes and the scope of the industry cannot be clearly identified and effectively presented. A key to more complete statistical monitoring is the application of tourism satellite accounts (TSA), which ”is a standard statistical framework and the main tool for the economic measurement of tourism” (TSA:RMF, 2008). Due to the trend of a wider global application of such statistical monitoring to numerous countries around the world, the intention of the empirical part of this paper was to check the effectiveness of this methodology in monitoring tourism flows. The effectiveness was checked in Slovenia and in its four largest tourism markets, (e.g. Austria, Italy and Germany) in the analysis. First, we have shown that the calculated tourist value added by the method of tourist satellite accounts per national economy in these four countries is at least 2% greater than the calculated tourist value added in these four countries, measured by traditional statistical methods. In the following, due to the efficiency of this method, we have shown the impact of the last economic crisis on tourism. In general, the methodology, as well as the results, shows the effectiveness of the method, which allows academics and professionals to promote its further development.
