Tourism and Welfare in Sub-Saharan Africa: A Theoretical Analysis
Using the standard theoretical model of trade, we study the welfare effects of tourism for developing countries with particular reference to Sub-Saharan Africa. We show that tourism can reduce welfare for trade regimes dominated by export taxes or import subsidies. In addition, we argue that tourist immiserisation is possible for Sub-Saharan Africa. Finally, we show that direct foreign investment in tourism, is for the most part, beneficial. Copyright 1999 by Oxford University Press.
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Volume (Year): 8 (1999)
Issue (Month): 2 (July)
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