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An Assessment of the Impact of Tourism in the Balearic Islands

Author

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  • Clemente Polo

    (Department of Economics and Economic History, Autonomous University of Barcelona, Building B, Bellatera 08193 (Cerdanyola del Vallès), Spain)

  • Elisabeth Valle

    (Department of Applied Economics, University of the Balearic Islands, Building Gaspar Melchor de Jovellanos, Crta de Valldemossa Km 7.5, Palma 07122 (Baleares), Spain)

Abstract

According to the official Institute of Tourist Studies, the Balearic Islands, a Spanish region with just over one million inhabitants, received 9.6 million international arrivals in 2005 out of 55.8 million for the entire country. Although a rather impressive figure, it is 8.2% below the 10.5 million recorded in 1999, which might partially explain why the Balearic Islands has recorded the worst growth performance of all 17 autonomous Spanish regions since 2000. A look at the 1997 regional input–output table confirms the Balearic Islands as a service-oriented economy highly specialized in the production of services for tourists. The main purpose of this paper is to provide the first assessment of the impact of tourism in the Balearic Islands using input–output techniques and several alternative assumptions on endogeneity of final demand components. The paper also estimates, under the same assumptions, the effects on the economy of a 10% fall in tourist flows. Finally, the results are compared with those obtained with a social accounting matrix model.

Suggested Citation

  • Clemente Polo & Elisabeth Valle, 2008. "An Assessment of the Impact of Tourism in the Balearic Islands," Tourism Economics, , vol. 14(3), pages 615-630, September.
    • Handle: RePEc:sae:toueco:v:14:y:2008:i:3:p:615-630
    DOI: 10.5367/000000008785633604
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    References listed on IDEAS

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    1. Clemente Polo & Elisabeth Valle, 2008. "A General Equilibrium Assessment of the Impact of a Fall in Tourism Under Alternative Closure Rules: the Case of the Balearic Islands," International Regional Science Review, , vol. 31(1), pages 3-34, January.
    2. Timo Tohmo, 2005. "Economic Impacts of Cultural Events on Local Economies: An Input—Output Analysis of the Kaustinen Folk Music Festival," Tourism Economics, , vol. 11(3), pages 431-451, September.
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    4. Pyatt, F Graham & Round, Jeffery I, 1979. "Accounting and Fixed Price Multipliers in a Social Accounting Matrix Framework," Economic Journal, Royal Economic Society, vol. 89(356), pages 850-873, December.
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    4. Yolanda Pena-Boquete & Diana Pérez-Dacal, 2012. "Effects of tourism development on temporality," Documentos de trabajo - Analise Economica 0047, IDEGA - Instituto Universitario de Estudios e Desenvolvemento de Galicia.
    5. Carrascal Incera, André & Fernández, Melchor Fernández, 2015. "Tourism and income distribution: Evidence from a developed regional economy," Tourism Management, Elsevier, vol. 48(C), pages 11-20.
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    9. Álvarez-Martínez, María Teresa & Polo, Clemente, 2012. "A general equilibrium assessment of external and domestic shocks in Spain," Economic Modelling, Elsevier, vol. 29(6), pages 2486-2493.
    10. Stefano Rosignoli & Enrico Conti & Alessandro Viviani, 2013. "Local Impact of Tourism: The Case of Tuscany," SCIENZE REGIONALI, FrancoAngeli Editore, vol. 2013(3), pages 89-109.
    11. María Tugores & Elisabeth Valle, 2016. "Innovation, hotel occupancy, and regional growth," Tourism Economics, , vol. 22(4), pages 749-762, August.
    12. Polo, Clemente & Valle, Elisabeth, 2011. "The Weight of Tourism in the Balearic Islands: 1983-1997-2004/El peso del turismo en las Islas Baleares: 1983-1997-2004," Estudios de Economia Aplicada, Estudios de Economia Aplicada, vol. 29, pages 737-754, Diciembre.
    13. João-Pedro Ferreira & Pedro N Ramos & Michael L Lahr, 2020. "The rise of the sharing economy: Guesthouse boom and the crowding-out effects of tourism in Lisbon," Tourism Economics, , vol. 26(3), pages 389-403, May.
    14. Olmedo, Elena & Mateos, Ruth, 2015. "Quantitative characterization of chaordic tourist destination," Tourism Management, Elsevier, vol. 47(C), pages 115-126.
    15. Ignacio Cazcarro & Rosa Duarte & Julio Sánchez Chóliz & Cristina Sarasa & Ana Serrano, 2016. "Modelling regional policy scenarios in the agri-food sector: a case study of a Spanish region," Applied Economics, Taylor & Francis Journals, vol. 48(16), pages 1463-1480, April.
    16. Dolores Ordóñez-Martínez & Joana M. Seguí-Pons & Maurici Ruiz-Pérez, 2024. "Defining the Balearic Islands’ Tourism Data Space: An Approach to Functional and Data Requirements," Data, MDPI, vol. 9(3), pages 1-31, February.
    17. Liu, Anyu, 2022. "Impact of Tourism on Regional Economic Growth: A Global Value Chain Perspective," ADB Economics Working Paper Series 646, Asian Development Bank.
    18. Pratt, Stephen, 2015. "The economic impact of tourism in SIDS," Annals of Tourism Research, Elsevier, vol. 52(C), pages 148-160.
    19. Álvarez-Martínez, María, 2014. "The Effects of European Structural Funds in the Spanish Regions Using CGE Models: a review," INVESTIGACIONES REGIONALES - Journal of REGIONAL RESEARCH, Asociación Española de Ciencia Regional, issue 29, pages 129-138.
    20. Irina Klytchnikova & Paul Dorosh, 2013. "Tourism sector in Panama: Regional economic impacts and the potential to benefit the poor," Natural Resources Forum, Blackwell Publishing, vol. 37(2), pages 70-79, May.

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