Tourism Policy Transformed: Computable General Equilibrium Modeling Unlocks Unprecedented Economic Insights
In this article, researchers explore how a new method called Computable General Equilibrium (CGE) modeling helps analyze the economic effects of changes in tourism. They show that CGE modeling is more advanced than older models in predicting how events affect the overall economy and tourism. by using CGE modeling, researchers have discovered new insights that were not possible with older methods. CGE models are now crucial for governments, consultants, and researchers involved in tourism planning and policy-making.