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The TALC Hypothesis and Economic Growth Theory

Author

Listed:
  • Javier Lozano

    (University of the Balearic Islands, IMEDEA-UIB of CSIC, Ed Jovellanos/UIB/Ctra Valldemossa km 7.5, 07122 Palma, Baleares, Spain)

  • Carlos M. Gómez

    (University of Alcalá de Henares, Pza de la Victoria 3, Alcalá de Henares, 28802 Madrid, Spain)

  • Javier Rey-Maquieira

    (University of the Balearic Islands, IMEDEA-UIB of CSIC, Palma, Baleares, Spain)

Abstract

The authors build a bridge between traditional analysis of the evolution of tourism destinations and economic growth theory. With this aim, they develop an environmental growth model for an economy specializing in tourism and derive the pattern of tourism development with numerical calculations. The results do not contradict the pattern of evolution implied in the tourism area life cycle hypothesis, with environmental deterioration and public goods congestion being the main reasons for the stagnation of the tourism destination. The authors also show the importance of the quality of private tourism services in the evolution of a tourism destination.

Suggested Citation

  • Javier Lozano & Carlos M. Gómez & Javier Rey-Maquieira, 2008. "The TALC Hypothesis and Economic Growth Theory," Tourism Economics, , vol. 14(4), pages 727-749, December.
    • Handle: RePEc:sae:toueco:v:14:y:2008:i:4:p:727-749
    DOI: 10.5367/000000008786440166
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    References listed on IDEAS

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    1. Rosen, Sherwin, 1974. "Hedonic Prices and Implicit Markets: Product Differentiation in Pure Competition," Journal of Political Economy, University of Chicago Press, vol. 82(1), pages 34-55, Jan.-Feb..
    2. Fabio Cerina, 2007. "Tourism Specialization and Environmental Sustainability in a Dynamic Economy," Tourism Economics, , vol. 13(4), pages 553-582, December.
    3. Stokey, Nancy L, 1998. "Are There Limits to Growth?," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 39(1), pages 1-31, February.
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    Cited by:

    1. Silvia London & Mara Leticia Rojas & Karen Natalí Candias, 2021. "Turismo sostenible: un modelo de crecimiento con recursos naturales," Ensayos de Economía 19348, Universidad Nacional de Colombia Sede Medellín.
    2. Hamaguchi, Yoshihiro, 2021. "Does the trade of aviation emission permits lead to tourism-led growth and sustainable tourism?," Transport Policy, Elsevier, vol. 105(C), pages 181-192.
    3. Bruno Marques, 2024. "Tourism development: A capacity dynamic," Post-Print hal-04474031, HAL.
    4. Silvia London & Mara Leticia Rojas & Karen Natal Candidas, 2022. "Turismo Sostenible: un Modelo de Crecimiento con Recursos Naturales," Working Papers 140, Red Nacional de Investigadores en Economía (RedNIE).
    5. Portella-Carbó, Ferran & Pérez-Montiel, Jose & Ozcelebi, Oguzhan, 2023. "Tourism-led economic growth across the business cycle: Evidence from Europe (1995–2021)," Economic Analysis and Policy, Elsevier, vol. 78(C), pages 1241-1253.
    6. Theodore Panagiotidis & Maurizio Mussoni & Georgios Voucharas, 2023. "How Important is Tourism for Growth?," Working Paper series 23-13, Rimini Centre for Economic Analysis.

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