AN APPLIED GENERAL EQUILIBRIUM-ANALYSIS OF THE ECONOMIC-EFFECTS OF TOURISM IN A QUITE SMALL, QUITE OPEN-ECONOMY

A computable general equilibrium model is used to project the effects of tourism on the industrial and regional structures of the Australian economy. The most striking conclusion is that Queensland, usually tho ught to be the most tourism-oriented of the Australian states, would b e a net loser from an economy-wide expansion of tourism. As well as ha ving a relatively large share of its GSP accounted for by tourist-orie nted activities, Queensland is also relatively heavily dependent on ag riculture and mining, traditional export sectors which are crowded out by the expansion of international tourism.