Professor Peter Forsyth

BEc (Hons), MEc University of Sydney, PhD Economics University of Oxford

Deputy Director, Tourism Research Unit
Professor, Department of Economics

Tourism Economics

"New Measures of Tourism Yield"

Tourism yield is a well known, though loosely defined measure of the gain to the industry or economy from accessing specific markets. Thus we speak of the yield from Japanese or Canadian visitors, the yield from backpackers or VFR visitors. Simpler measures of yield include expenditure per visitor, and more robust measures include the impact on the industry per visitor. In measuring yield, it is important to specify from which entity's perspective yield is being measured- is it the firm, the industry, or the economy as a whole? All three levels are interested in measuring yield. Most of the yield measures which are employed to date measure the impact on the firm or industry. The Sustainable Tourism CRC's economic modelling team has been developing measures of economy-wide yield. The object is to obtain measures of how an additional visitor impacts on the economy as a whole, taking into account both positive and negative effects.

"Tourism Benefits and Aviation Policy"

In recent years, proposed international aviation policy changes in a number of countries have been subjected to economic assessment. When changes such as liberalisation have been proposed, the costs and benefits have been estimated. Typically, the main beneficiaries of liberalisation have been home country travellers, and the main losers have been the home country airlines. In discussion of aviation policy changes, tourism benefits have often been recognised but rarely carefully measured. This project involves the measurement of tourism benefits to an economy by employing a computable general equilibrium model of the Australian and NSW economies.

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For a full list of research publications by Prof Peter Forsyth, please click here.