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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 Economic Growth Export Diversification Free Capital Movements Income Elasticity, et al |
Issue Date: | 2020 | 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], v. 23(24) |
Appears in Collections: | Artículos |
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