|Title:||The macroeconomic consequences of quality improvement policies in advanced tourism-led economies||Authors:||Inchausti Sintes, Federico||UNESCO Clasification:||531290 Economía sectorial: turismo||Keywords:||Dynamic General Equilibrium Model
Free Capital Movements
Income Elasticity, et al
|Issue Date:||2019||Journal:||Current Issues in Tourism||Abstract:||Traditional sun-and-beach destinations in advanced economies are facing increased competition from cheaper destinations in emerging countries. In contrast to other capital-intensive sectors, tourism, as a service-based activity, cannot make significant productivity gains to improve its competitiveness. Moreover, tourism-led economies have an underdeveloped industrial sector that limits opportunities for economic diversification. In this context, this paper presents a three-country dynamic CGE model to analyze the role of tourism quality improvements to achieve sustainable long-term economic growth in mature destinations in a context of international capital movements. According to the results, tourism-led economies may converge in real salaries with wealthier economies when focusing on high-end visitors. On the other hand, cheaper destinations achieve better returns from tourism activity in diversified economies.||URI:||http://hdl.handle.net/10553/70119||ISSN:||1368-3500||DOI:||10.1080/13683500.2019.1679094||Source:||Current Issues in Tourism[ISSN 1368-3500]|
|Appears in Collections:||Artículos|
checked on Nov 29, 2020
checked on May 3, 2021
Items in accedaCRIS are protected by copyright, with all rights reserved, unless otherwise indicated.