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El turismo como motor de crecimiento económico: impacto de las preferencias intertemporales de los agentes
[The tourism as economic growth engine: the impact of the agents time preferences]

Author

Listed:
  • Brida, Juan Gabriel
  • London, Silvia
  • Rojas, Mara

Abstract

This paper studies the relationships between tourism and economic growth through a dynamic model showing how the time preference affect the investment in a economic sector based on natural resources as tourism. Assuming extreme values, it is possible to verify that a high time preference or discounting rate (greater preference for the present consumption) leads to systems with negative net investment rates (gross investment rates equal to the depreciation rate) and to the natural resources depletion. Given the dynamic of the model, three results can be analized: constant economic growth, whose rate will depend on the willingness to the protection of the environment and the parameters of the model; a scenario with moderate economic growth according to positive values although low of the discounting rate; and a poverty trap situation in those societies with extremely low future valuation.

Suggested Citation

  • Brida, Juan Gabriel & London, Silvia & Rojas, Mara, 2012. "El turismo como motor de crecimiento económico: impacto de las preferencias intertemporales de los agentes [The tourism as economic growth engine: the impact of the agents time preferences]," MPRA Paper 36607, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:36607
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    File URL: https://mpra.ub.uni-muenchen.de/36607/1/MPRA_paper_36607.pdf
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    References listed on IDEAS

    as
    1. Azariadis, Costas & Stachurski, John, 2005. "Poverty Traps," Handbook of Economic Growth, in: Philippe Aghion & Steven Durlauf (ed.), Handbook of Economic Growth, edition 1, volume 1, chapter 5, Elsevier.
    2. Fabio Cerina, 2007. "Tourism Specialization and Environmental Sustainability in a Dynamic Economy," Tourism Economics, , vol. 13(4), pages 553-582, December.
    3. Rinaldo Brau & A. Lanza & F. Pigliaru, 2006. "How fast are small tourist countries growing? The 1980-2003 evidence," Working Paper CRENoS 200614, Centre for North South Economic Research, University of Cagliari and Sassari, Sardinia.
    4. Silvia London & Juan Gabriel Brida & Edgar J. Sánchez Carrera, 2007. "Demanda por servicios turísticos: análisis de su evolución en un modelo autoorganizado," Estudios Economicos, Universidad Nacional del Sur, Departamento de Economia, vol. 24(48), pages 39-56, january-j.
    5. Schubert, Stefan Franz & Brida, Juan Gabriel & Risso, Wiston Adrián, 2011. "The impacts of international tourism demand on economic growth of small economies dependent on tourism," Tourism Management, Elsevier, vol. 32(2), pages 377-385.
    6. Javier Capó Parrilla & Antoni Riera Font & Jaume Rosselló Nadal, 2005. "Dutch Disease in Tourism Economies. Evidence from Spain," CRE Working Papers (Documents de treball del CRE) 2005/01, Centre de Recerca Econòmica (UIB ·"Sa Nostra"), revised Jan 2005.
    7. Brida, Juan Gabriel & London, Silvia & Risso, Wilson Adrián, 2010. "Grupos de desempeño económico en los países de América, 1955-2003," Revista CEPAL, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), August.
    8. Sahli, Mondher & Nowak, Jean-Jacques, 2005. "Migration, Unemployment and Net Benefits of Inbound Tourism in a Developing Country," Natural Resources Management Working Papers 12157, Fondazione Eni Enrico Mattei (FEEM).
    9. Mondher Sahli & Jean-Jacques Nowak, 2005. "Migration, Unemployment and Net Benefits of Inbound Tourism in a Developing Country," Working Papers 2005.148, Fondazione Eni Enrico Mattei.
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    Cited by:

    1. Libertad Moreno-Luna & Rafael Robina-Ramírez & Marcelo Sánchez-Oro & José Castro Serrano, 2021. "Drivers for Sustainability Awareness Development in Tourism Curricula: The Case of Spanish Universities," Land, MDPI, vol. 10(9), pages 1-18, September.
    2. 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.

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    More about this item

    Keywords

    economic growth ; tourism ; intertemporal preferences;
    All these keywords.

    JEL classification:

    • O41 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - One, Two, and Multisector Growth Models
    • C0 - Mathematical and Quantitative Methods - - General
    • D90 - Microeconomics - - Micro-Based Behavioral Economics - - - General

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