Economic impacts from development of the Coastal Town in Queensland on tourism and regional economy

Abstract

This paper discusses the impacts of proposed development projects at Emu Park-a coastal town in Queensland, Australia-on regional economy. The input-output (IO) analysis is used to assess the economic benefits to the region. The economic impacts from the construction stage are identified. The ongoing benefits from the projects to the regional economy due to a potential increase in tourists' visits are investigated. The regional economy will grow more rapidly if the connections among the tourism related sectors and key industries are encouraged. Local procurement strategies can assist in enhancing the benefits from increased tourism to the region.