Please use this identifier to cite or link to this item: http://hdl.handle.net/10553/52196
Title: The interactions between natural and physical capitals in the tourist lifecycle model
Authors: Hernández, Juan M. 
León González, Carmelo Javier 
Keywords: Resort Cycle
Oscillations
Industry
Systems
Chaos
Issue Date: 2007
Publisher: 0921-8009
Journal: Ecological Economics 
Abstract: This paper presents a model of the interactions between natural resources and physical capital in the evolution of a tourist destination. The projected trajectory of the number of tourists approaches the classical lifecycle pattern. The post-stagnation phase is analyzed within the model, obtaining different patterns which depend on the impacts of physical capital on both demand and environmental degradation. The magnitudes of these impacts are determined by the type of tourism. An empirical application to the case of the tourist industry in the Canary Islands (Spain) is presented, showing that the model can represent the general characteristics of the post-stagnation phase of a tourist destination. (c) 2006 Elsevier B.V. All rights reserved.
URI: http://hdl.handle.net/10553/52196
ISSN: 0921-8009
DOI: 10.1016/j.ecolecon.2006.06.009
Source: Ecological Economics[ISSN 0921-8009],v. 62, p. 184-193
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