Work

Tourism, Trade and Domestic Welfare

Year: 2003

Type: article

Abstract: . Tourism has been regarded as a major source of economic growth and a source of foreign exchange. It has also been viewed as an activity that imposes costs on the host country. Such costs include increased pollution, congestion and despoliation of fragile environments, and intra‐generational inequity aggravation. One aspect that has been ignored is the general equilibrium effects of tourism on other sectors in the economy. This paper presents a model that captures the interdependence between tourism and the rest of the economy, in particular agriculture and manufacturing. An important result obtained is that the tourist boom may ‘immiserize’ the residents.

Source: Pacific Economic Review

DOI: 10.1111/j.1468-0106.2003.00225.x

Authors: Jean‐Jacques Nowak, Mondher Sahli, Pasquale M. Sgro

Institutions: Université Paris 1 Panthéon-Sorbonne, Victoria University of Wellington, Deakin University

Language: English

Topic: Diverse Aspects of Tourism Research

Subfield: Sociology and Political Science

Field: Social Sciences

Domain: Social Sciences

SDG: Decent work and economic growth

Open Access status: green

Funders: University College London, Abdus Salam International Centre for Theoretical Physics, Università di Cagliari