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Full-Text Articles in Regional Economics
The Economic Impact Of Pilgrimage: An Economic Impact Analysis Of Pilgrimage Expenditures In Galicia, Elisabeth J.E Graave, Jeroen Klijs, Wim Heijman
The Economic Impact Of Pilgrimage: An Economic Impact Analysis Of Pilgrimage Expenditures In Galicia, Elisabeth J.E Graave, Jeroen Klijs, Wim Heijman
International Journal of Religious Tourism and Pilgrimage
In this article, we calculate the economic impact of pilgrimage to Santiago de Compostela in the NUTS 2 region Galicia (Spain) in 2010. This economic impact is relevant to policymakers and other stakeholders dealing with religious tourism in Galicia. The analysis is based on the Input-Output model. Location Quotient formulas are used to derive the regional Input-Output table from the national Input-Output table of Spain. Both the Simple Location Quotient formula and Flegg’s Location Quotient formula are applied. Furthermore, a sensitivity analysis is carried out. We found that pilgrimage expenditures in 2010 created between €59.750 million and €99.575 million in …