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The Economic Impact of International Students in a Regional Economy from a Tourism Perspective

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  • Xesús Pereira López

    (Institute of Development Studies of Galicia (IDEGA) and Department of Quantitative Economics, Faculty of Economics and Business, University of Santiago de Compostela, Avenida do Burgo s/n, 15782 Santiago de Compostela, A Coruña, Spain)

  • Melchor Fernández Fernández

    (Institute of Development Studies of Galicia (IDEGA) and Department of Foundations of the Economic Analysis, Faculty of Economics and Business, University of Santiago de Compostela, Santiago de Compostela, Spain)

  • André Carrascal Incera

    (Institute of Development Studies of Galicia (IDEGA), University of Santiago de Compostela, Santiago de Compostela, Spain)

Abstract

This paper assesses the economic impact of international students in a regional economy (Galicia) from the viewpoint of the tourism industry. The current extent of international student mobility and its potential future development make it an appropriate topic for analysis in terms of its local and regional economic impacts, first and foremost at the academic and political levels. A methodology to facilitate the estimation of both the direct effects on the education sector and the possible ‘externalities’ on the tourism industry will enable economic evaluation of financial efforts to attract international students. Without considering the potential increase of other visitors, the results indicate that international students have less economic impact than that associated with inbound tourism and, in the case of exchange students (as a constituent group of international students), the economic contribution could even be negative for a local economy.

Suggested Citation

  • Xesús Pereira López & Melchor Fernández Fernández & André Carrascal Incera, 2016. "The Economic Impact of International Students in a Regional Economy from a Tourism Perspective," Tourism Economics, , vol. 22(1), pages 125-140, February.
    • Handle: RePEc:sae:toueco:v:22:y:2016:i:1:p:125-140
    DOI: 10.5367/te.2014.0414
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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. Matthias Parey & Fabian Waldinger, 2011. "Studying Abroad and the Effect on International Labour Market Mobility: Evidence from the Introduction of ERASMUS," Economic Journal, Royal Economic Society, vol. 121(551), pages 194-222, March.
    3. Clemente Polo Andrés & Elisabeth Valle Valle, 2007. "An Assessment of the Weight of Tourism in the Balearic Islands," CRE Working Papers (Documents de treball del CRE) 2007/04, Centre de Recerca Econòmica (UIB ·"Sa Nostra"), revised Jan 2007.
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