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Development Strategies for Tourism Destinations: Tourism Sophistication vs. Resource Investments

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  • Rainer Andergassen
  • Guido Candela

Abstract

This paper investigates the effectiveness of development strategies for tourism destinations. We argue that resource investments unambiguously increase tourism revenues and that increasing the degree of tourism sophistication, that is increasing the variety of tourism related goods and services, increases tourism activity and decreases the perceived quality of the destination's resource endowment, leading to an ambiguous effect on tourism revenues. We disentangle these two effects and characterize situations where increasing the degree of tourism sophistication is a viable development strategy and where it is impracticable and describe the optimal policy mix.

Suggested Citation

  • Rainer Andergassen & Guido Candela, 2012. "Development Strategies for Tourism Destinations: Tourism Sophistication vs. Resource Investments," Economia politica, Società editrice il Mulino, issue 2, pages 173-192.
  • Handle: RePEc:mul:jb33yl:doi:10.1428/37628:y:2012:i:2:p:173-192
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    Cited by:

    1. repec:eee:touman:v:37:y:2013:i:c:p:86-98 is not listed on IDEAS
    2. Rakela Thano, 2013. "Touristic Investments in Saranda Region," Journal of Knowledge Management, Economics and Information Technology, ScientificPapers.org, vol. 3(2), pages 1-9, April.
    3. Rakela Thano, 2013. "Touristic Investments In Saranda Region," Romanian Economic Business Review, Romanian-American University, vol. 8(2), pages 117-130, June.

    More about this item

    Keywords

    J.E.L. L83; O1; D11;

    JEL classification:

    • L83 - Industrial Organization - - Industry Studies: Services - - - Sports; Gambling; Restaurants; Recreation; Tourism
    • O1 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development
    • D11 - Microeconomics - - Household Behavior - - - Consumer Economics: Theory

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