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  • Essay / Factors of Responsible Tourism - 911

    The fiscal multiplier effect occurs when an initial injection into the economy results in a larger final increase in national income. www.Economicshelp.org/blog/1948/Economics/the-multiplier-effect/ Tejvan Pettinger November 2, 2011 EconomicsAnother important aspect that explains why the government has really tried to develop the tourism sector because it helps create jobs direct and indirect. In 2016, travel and tourism directly supported 45,500 jobs (8.2% of total employment). This figure is expected to remain unchanged in 2017 and increase by 1.9% per year to reach 55,000 jobs (9.4% of total employment) in 2027. In 2016, travel and tourism, including jobs indirectly supported by IWAS, accounted for 24.3% of total employment (135,000 jobs). This figure is expected to increase by 0.3% in 2017 to reach 135,500 jobs and by 1.7% per year to reach 161,000 jobs in 2027 (27.4% of the total). Direct jobs are jobs directly linked to the tourism industry, such as working in hotels, tour guides, tour operators, while indirect jobs that are not associated with the sector, for example working in banks, transport companies and many others. (THE ECONOMIC IMPACT OF THE TRAVEL AND TOURISM MARKET 2017