{"title":"Shadow prices in a tourist economy","authors":"S.R.C. Wanhill","doi":"10.1016/0143-2516(80)90034-1","DOIUrl":null,"url":null,"abstract":"<div><p>The author describes the theory and empirical estimation of shadow prices along the lines indicated in the UNIDO manual, <em>Guidelines for Project Evaluation</em> and uses Cyprus as a case study. The shadow prices estimated are for those categories into which the UNIDO manual recommends that all the outpus and inputs of a project should be decomposed, namely, foreign exchange, domestic materials, labour (of varying skills), and transfer payments. Finally two examples are given to illustrate the practical applications to shadow prices.</p></div>","PeriodicalId":100718,"journal":{"name":"International Journal of Tourism Management","volume":"1 2","pages":"Pages 114-133"},"PeriodicalIF":0.0000,"publicationDate":"1980-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1016/0143-2516(80)90034-1","citationCount":"1","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"International Journal of Tourism Management","FirstCategoryId":"1085","ListUrlMain":"https://www.sciencedirect.com/science/article/pii/0143251680900341","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"","JCRName":"","Score":null,"Total":0}
引用次数: 1
Abstract
The author describes the theory and empirical estimation of shadow prices along the lines indicated in the UNIDO manual, Guidelines for Project Evaluation and uses Cyprus as a case study. The shadow prices estimated are for those categories into which the UNIDO manual recommends that all the outpus and inputs of a project should be decomposed, namely, foreign exchange, domestic materials, labour (of varying skills), and transfer payments. Finally two examples are given to illustrate the practical applications to shadow prices.
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