Hostname: page-component-78c5997874-8bhkd Total loading time: 0 Render date: 2024-11-13T00:55:37.574Z Has data issue: false hasContentIssue false
  • English
  • Français

Modelling the economic impacts of a large event: The case of the Gold Coast 2018 Commonwealth Games

Published online by Cambridge University Press:  20 June 2019

Tien Pham ,
Susanne Becken  and
Michael Powell
Tien Pham
Affiliation:
[email protected]
Susanne Becken
Affiliation:
[email protected]
Michael Powell
Affiliation:
[email protected]
Get access

Abstract

This article consolidates the pros and cons of the two common modelling techniques for economic impact analysis: the input–output multiplier and the computable general equilibrium (CGE) technique. The latter is recommended for large event assessment and was used to examine the economic impacts of the Gold Coast 2018 Commonwealth Games. The Games is estimated to have generated approximately A$2.5 billion of gross state product (GSP) to Queensland after netting out the costs incurred. The effect is spread over a period of nine years from pre-Games period of preparation for the Games, through the Games period itself, and then rather significantly in the post-Games period. While benefits accrue to Queensland, the rest of Australia is estimated to lose due to the so-called ‘crowding out effect’.

Type
Gold Coast 2018 Commonwealth Games special section
Information
Queensland Review , Volume 26 , Issue 1 , June 2019 , pp. 110 - 127
Copyright
© The Author(s) 2019 

Access options

Get access to the full version of this content by using one of the access options below. (Log in options will check for institutional or personal access. Content may require purchase if you do not have access.)

References

Australian Bureau of Statistics (ABS) 2018. Labour Force Australia, cat. no. 6202.0. Canberra: ABS.Google Scholar
Barget, E. and Gouguet, J.-J. 2010. ‘Hosting mega-sporting events: Which decision-making rule?’ International Journal of Sport Finance 5: 141–62.Google Scholar
Briassoulis, H. 1991. ‘Methodology issues: Tourism input-output analysis’. Annals of Tourism Research 18: 485–95.CrossRefGoogle Scholar
Crompton, J. L. 1995. ‘Economic impact of sports facilities and events: Eleven sources of misapplication’. Journal of Sport Management 9: 14–35.CrossRefGoogle Scholar
DSpark 2018. Commonwealth Games Mobility Intelligence. Unpublished report submitted to Tourism Research Australia.Google Scholar
Dixon, P. B., Parmenter, B. R., Sutton, J. and Vincent, D. P. 1982. ORANI: A multisectoral model of the Australian economy. Contributions to Economic Analysis 142. Amsterdam: North-Holland.Google Scholar
Dwyer, L., Forsyth, P. and Spurr, R. 2004. ‘Evaluating tourism’s economic effects: New and old approaches’. Tourism Management 25(3): 307–17.CrossRefGoogle Scholar
Dwyer, L. , Forsyth, P. and Spurr, R. . (2006). ‘Assessing the economic impacts of events: A computable general equilibrium approach’. Journal of Travel Research 45: 59–66.CrossRefGoogle Scholar
Giessecke, J. and Madden, J. 2007. The Sydney Olympics, seven years on: An ex-post dynamic CGE assessment. Melbourne: Centre of Policy Studies, Monash University.Google Scholar
Horridge, M., Madden, and J. Wittwer, G. 2005. ‘The impact of the 2002-03 drought on Australia’. Journal of Policy Modeling 27(3): 285–308.CrossRefGoogle Scholar
Leontief, W. W. 1936. ‘Quantitative input and output relations in the economic systems of the United States’. The Review of Economics and Statistics, 18, 105–25.CrossRefGoogle Scholar
Li, S., Blake, A. and Cooper, C. 2011. ‘Modelling the economic impact of international tourism on the Chinese economy: A CGE analysis of the Beijing 2008 Olympics’. Tourism Economics 17(2): 279–303. doi: 10.5367/te.2011.0025 CrossRefGoogle Scholar
Madden, J. R. 2002. ‘The economic consequences of the Sydney Olympics: The CREA/Arthur Andersen Study’. Current Issues in Tourism 5(1): 7–21.CrossRefGoogle Scholar
Madden, J. 2006. ‘Economic and fiscal impacts of mega sporting events: A general equilibrium assessment’. Public Finance and Management 6(3): 346–94.Google Scholar
Massiani, J. 2018. ‘Assessing the economic impact of mega events using computable general equilibrium models: Promises and compromises.’ Economic Modelling 75: 1–9.CrossRefGoogle Scholar
Matheson, V. 2009. ‘Economic multipliers and mega-event analysis’. International Journal of Sport Finance 4: 63–70.Google Scholar
Meng, S. and Pham, T. 2017. ‘The impact of the Australian carbon tax on the tourism industry’. Tourism Economics 23(3): 506–22.CrossRefGoogle Scholar
New South Wales Treasury 1997. ‘The economic impact of the Sydney Olympic Games: A collaborative study by NSW Treasury and the Centre for Regional Economic Analysis, University of Tasmania’. Hobart and Sydney: University of Tasmania and NSW Treasury.Google Scholar
Office of the Commonwealth Games 2018a. The GC2018 Visitor Study: Gold Coast 2018 Commonwealth Games– Evaluation Report. Brisbane: Office of the Commonwealth Games.Google Scholar
Office of the Commonwealth Games . 2018b. Trade 2018: Gold Coast 2018 Commonwealth Games Trade and Investment Programs– Evaluation Report. Brisbane: Office of the Commonwealth Games.Google Scholar
Pham, T., Jago, L., Spurr, R. and Marshall, J. 2015. ‘The Dutch Disease effects on tourism: The case of Australia’. Tourism Management 46: 610–22.CrossRefGoogle Scholar
Pham, T. D., Nghiem, S. and Dwyer, L. 2017. ‘The economic impacts of a changing visa fee for Chinese tourists to Australia’. Tourism Economics 24(1): 109–26.CrossRefGoogle Scholar
Pham, T. D., Simmons, D. G. and Spurr, R. 2010. ‘Climate change-induced economic impacts on tourism destinations: The case of Australia’. Journal of Sustainable Tourism 18(3): 449–73.CrossRefGoogle Scholar
Pham, T., Xin, J., Naranpanwa, A., Bandaralage, J. and Carmignani, F. 2017. The Economic Impacts of the Gold Coast 2018 Commonwealth Games: A Commissioned Report Submitted to the Office of Commonwealth Games. Brisbane: Queensland Government. Retrieved from https://embracing2018.com/sites/default/files/gc-2018-economic-benefits-griffith-uni-report.pdf.Google Scholar
Taks, M., Green, C., Misener, L. and Chalip, L. 2014. ‘Evaluating sport development outcomes: The case of a medium-sized international sport event’. European Sport Management Quarterly 3, DOI: 10.1080/16184742.2014.882370.Google Scholar