The impact of tourism on the economy of Nevada: A tourism satellite account and computable general equilibrium model

The travel and tourism industry has traditionally been difficult to measure as tourism is not defined as an industry in the traditional sense. The North American Industry Classification System (NICS) defines industries as the economic activity generated through the production of similar goods and services. These goods and services, called commodities, consist of similar characteristics but can be produced by a variety of different industries. Tourism, on the other hand, is measured through the demand structure of tourism expenditures, providing a more accurate measurement of the effects of tourism spending on an economy.This research has four main objectives. These include the measurement of the travel and tourism industry in Nevada, a comprehensive review of previous research investigating impacts of tourism economies, the discussion and development of a tourism satellite account for Nevada, and the discussion and development of a computable general equilibrium model to assess changes in the static tourism sectors.