The impact of the Australian carbon tax on the tourism industry
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[1] University of New England
University of New England
Australia
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[2] Griffith University
Griffith University
Australia
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- Localización: Tourism economics: the business and finance of tourism and recreation, ISSN 1354-8166, Vol. 23, Nº. 3, 2017, págs. 506-522
- Idioma: inglés
- Texto completo no disponible (Saber más ...)
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Resumen
Using an environmentally extended social accounting matrix as well as a computable general equilibrium model, this study gauges the economic and environmental impact of Australian carbon tax, with an emphasis on the tourism industry. The results of the simulation show that a carbon tax of US$23 per tonne is very effective in achieving emissions reduction but also causes a mild economic contraction. Although the nominal value of tourism expenditure registers an insignificantly positive growth as a consequence of the carbon tax, the real expenditure value shows a significant decline in both inbound and domestic tourism demand. The household compensation package stimulates domestic tourism considerably but discourages inbound tourism further by contributing to a significant appreciation of the Australian dollar.
