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Title: Tourism: Economic growth, employment and Dutch Disease
Authors: Inchausti Sintes, Federico 
UNESCO Clasification: 531290 Economía sectorial: turismo
Keywords: Turismo
Desarrollo económico
Issue Date: 2015
Publisher: 0160-7383
Journal: Annals of Tourism Research 
Abstract: Since 2008, Spain has sustained a significant economic recession. Tourism is seen as a possible substitute for weakened domestic demand and, thus, an opportunity for to economic revitalisation the economy. Nevertheless, tourism also has profound consequences on the economy at the microeconomic level regarding resource allocation, exchange rate appreciation and demand for non-tradable goods, which can trigger the so-called Dutch Disease. A recursive-dynamic CGE model is developed to assess this possibility. Tourism implies a boost in the economy, although the Dutch Disease acts at the sectoral level causing a shift in resources towards non-tradable sectors which may jeopardize productivity gains, generate a persistent appreciation of the real exchange rate and thus affect the economic growth in the long term.
ISSN: 0160-7383
DOI: 10.1016/j.annals.2015.07.007
Source: Annals of Tourism Research[ISSN 0160-7383],v. 54, p. 172-189
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