View
Publication Type
Journal Article
UWI Author(s)
Author, Analytic
McDavid, Hilton
Author Affiliation, Ana.
Department of Management Studies
Article Title
An input- output analysis of the Jamaican hospitality and tourism sector
Medium Designator
n/a
Connective Phrase
n/a
Journal Title
Social and Economic Studies
Translated Title
n/a
Reprint Status
Refereed
Date of Publication
2003
Volume ID
52
Issue ID
1
Page(s)
n/a
Language
n/a
Connective Phrase
n/a
Location/URL
n/a
ISSN
n/a
Notes
n/a
Abstract
Argues that tourism has emerged not only as the engine of growth but has become the largest and fastest growing sector in the Caribbean. For this reason the industry is now viewed as one of the leading instruments of development in the region. Examines the Jamaican Hospitality and Tourism Sector with the useof the1993 Input-output model. The use of this model facilitated the focusing on the structural relationships which remain when the Hospitality and Tourism Sector is studied by itself. Concludes that the output multiplier for the sector is small and was estimated at 1.26904 which is in line with the multiplier for the macro-economy. The implication is that $1.00 spent by the Hospitality and Tourism Sector only generates $1.27 in output from other sectors. Domestic purchases represent 65.35% of total inputs while imports account for 14.76%, and imports are broken down into competitive imports 12.18% and non-competitive imports 2.58%.....
read more