Industry Sector - Tourism

Perennial Economics has undertaken an extensive regional economic impact study for the Wine Industry situated in the Central West of NSW.

In undertaking this study Perennial Economics developed a standard analytical approach: Method to Calculate Estimates of Tourism Sales to Final Demand and Contribution to Gross State Product. This method is based on the approach used by the Australian Bureau of Statistics in preparing its tourism satellite accounts.

An important potential impact of tourism development scenarios is the impact on the population at the local level. A demographic model, linked to the regional input-output model, is generally constructed by Perennial Economics to estimate likely changes in local area population given economic decisions/response in the region. The DECON models (demographic-economic models) enable recognition of the relative importance of demographic characteristics of the population including the non-working population and the propensity for inward and outward migration.