On a Razor Blade. Tourism Growth, Constraints and Perspectives: the Case of Romania
Services are the leading sector of growth in both mature and catching-up economies. Within the wide-ranging sector of services, tourism represents a strategic industry to foster economic development, based on the stimulus to aggregate demand, to income and to capital inflows. The paper aims at challenging some of the analysis and policy considerations of the tourism-ledgrowth literature. With a razor-blade model, we try to underline how some of the positive effects of tourism are bound to shrink and disappear within particular macroeconomic constraints. Then, we enquire into the evolution of the tourist market in Romania, as a typical case of catching-up economy in European institutional and economic constraints, in order to analyse the concrete risks of strategies based on unmonitored tourism development.
If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
When requesting a correction, please mention this item's handle: RePEc:mul:j1t56u:doi:10.2382/28778:y:2009:i:1:p:15-28. See general 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: ()
If references are entirely missing, you can add them using this form.