| New York City is recognized as the leading American Cultural Center. Despite the recognized importance of tourism to New York City as manifested in the annual "I Love New York" campaign, there is no comprehensive study that analyses the full contribution of tourism to the economic growth of New York City.;This dissertation measures the overall economic impact of tourism in New York City through three interrelated models. The first stage links tourism directly to the growth of the Gross Regional Product of New York City via a Keynesian Aggregate Demand model. The second model utilizes a disaggregated input-output framework to calculate income and employment multiplier coefficients for the following groups of tourist: Day trippers, Out of Region, Convention Delegates, Business travelers and Foreigners. The third model utilizes a Tourism Demand function to estimate the income, price, exchange rate, competitiveness, and travel cost elasticities of demand for New York City tourism.;The study's major conclusions are that tourism constitute a major Industry in New York City and contributes an average annual share of approximately ;Despite the major role that tourism plays in the growth of Gross Regional Product in New York City, the study discovered wide fluctuations in tourism's annual contribution. (Abstract shortened with permission of author.)... |
