Tourism and Economic Development: A Survey
AbstractFaced with the problems of declining terms of trade for agricultural products and high levels of protection against manufacturs, many developing countries have turned to tourism as a possible alternative source of growth. This paper provides a comprehensive survey of the literature on tourism and economic development, identifying both the contribution that tourism can make to development and the costs that it entails. Single equation and system of equations models which have been used to estimate tourism demand are provided and evaluated. The estimated elasticity values indicate developing countries' potential to benefit from increasing expenditure on tourism but their susceptibility to deterioration in price competitiveness. The economic features of the main sectors of tourism supply - transportation, tour operators, travel agents and accommodation - are examined and the role of cross-country integration between firms, operating in imperfectly competitive contexts, is highlighted. Tourism's considerable contributions to foreign currency, income and employment generation are examined. The paper argues that many of the problems associated with the use of developing countries' environmental resources for tourism stem from market failure. Methods which can be used to value such resources are provided and implications for using the market mechanism to increase returns from tourism are suggested.
Download InfoTo our knowledge, this item is not available for download. To find whether it is available, there are three options:
1. Check below under "Related research" whether another version of this item is available online.
2. Check on the provider's web page whether it is in fact available.
3. Perform a search for a similarly titled item that would be available.
Bibliographic InfoPaper provided by Department of Economics, University of Kent in its series Studies in Economics with number 9703.
Date of creation: Jun 1997
Date of revision:
Publication status: Published in Journal of Development Studies, 1998, 34(5), pp.1-51
Contact details of provider:
Postal: Department of Economics, University of Kent at Canterbury, Canterbury, Kent, CT2 7NP
Phone: +44 (0)1227 764000
Fax: +44 (0)1227 827850
Web page: http://www.ukc.ac.uk/economics/
Find related papers by JEL classification:
- O10 - Economic Development, Technological Change, and Growth - - Economic Development - - - General
- O11 - Economic Development, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
- O12 - Economic Development, Technological Change, and Growth - - Economic Development - - - Microeconomic Analyses of Economic Development
- O13 - Economic Development, Technological Change, and Growth - - Economic Development - - - Agriculture; Natural Resources; Environment; Other Primary Products
- O15 - Economic Development, Technological Change, and Growth - - Economic Development - - - Economic Development: Human Resources; Human Development; Income Distribution; Migration
- O19 - Economic Development, Technological Change, and Growth - - Economic Development - - - International Linkages to Development; Role of International Organizations
- O57 - Economic Development, Technological Change, and Growth - - Economywide Country Studies - - - Comparative Studies of Countries
You can help add them by filling out this form.
reading list or among the top items on IDEAS.Access and download statisticsgeneral information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Emma Robinson).
If references are entirely missing, you can add them using this form.