The Impact of Tourism on Curacao's Economy: A Scenario Approach

Curaçao is an autonomous countrywithin the Kingdom of the Netherlands. The governmentwants to support tourism development. However,various development strategies are possible. This articlepresents four scenarios of marketing and investmentstrategies that will affect the number of tourists fromThe Netherlands and North America (USA and Canada)in different ways. A multiplier model was used to calculatethe economic impacts of the four scenarios. Bydoing so, this article shows how the government’s decisionto support particular marketing and investmentstrategies may have certain outcomes for the number ofjobs in Curaçao’s tourism industry

Criteria for comparing economic impact models of tourism

There are substantial differences between models of the economic impacts of tourism. Not only do the nature and precision of results vary, but data demands, complexity and underlying assumptions also differ. Often, it is not clear whether the models chosen are appropriate for the specific situation to which they are applied. The goal of this article is to provide an overview and evaluation of criteria for the selection of economic impact models. A literature review produced 52 potential criteria, subdivided into 10 groups. Based on an analysis of experts’ opinions, the perceived importance of each criterion was determined and a set of essential criteria created. To illustrate the usage of these essential criteria, five models (export base, Keynesian, ad hoc, input–output and computable general equilibrium) were valuated and compared based on their performance on these criteria. This paper builds on the existing literature by showing that it is possible to make a more informed choice among economic impact models of tourism

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