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The Role Of Rural Tourism On The Development Of Rural Areas: The Case Of Cyprus

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  • Elias Giannakis

    (Energy, Environment and Water Center, The Cyprus Institute, Cyprus)

Abstract

Rural areas in the European Union are currently undergoing significant economic and social changes, mostly induced by the international trade liberalization and the strengthening of the role of rural development policy. There is an increasing awareness of the need to accompany changes in rural areas through the diversification of their economic base that seems to be the only answer to their socio-economic survival. Rural tourism has been considered a means of achieving such economic and social development due to its capacity to generate local employment and stimulate external investment into the communities. Within this context, the objective of this paper is to investigate the economic role of tourism on the development of rural areas in Cyprus. Tourism economic impact assessment is based on a constructed input-output table for rural Cyprus followed by a tourism-centered multiplier analysis. Model results suggest that tourism creates significant backward linkages in the rural economy of Cyprus and offers great potential for improving economic activity.

Suggested Citation

  • Elias Giannakis, 2014. "The Role Of Rural Tourism On The Development Of Rural Areas: The Case Of Cyprus," Romanian Journal of Regional Science, Romanian Regional Science Association, vol. 8(1), pages 38-53, JUNE.
    • Handle: RePEc:rrs:journl:v:8:y:2014:i:1:p:38-53
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    References listed on IDEAS

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    Cited by:

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    2. Elias Giannakis & Sophia Efstratoglou & Artemis Antoniades, 2018. "Off-Farm Employment and Economic Crisis: Evidence from Cyprus," Agriculture, MDPI, vol. 8(3), pages 1-11, March.
    3. Monica Maria Coroș & Donatella Privitera & Loredana Maria Păunescu & Adrian Nedelcu & Cristina Lupu & Alexandru Ganușceac, 2021. "Mărginimea Sibiului Tells Its Story: Sustainability, Cultural Heritage and Rural Tourism—A Supply-Side Perspective," Sustainability, MDPI, vol. 13(9), pages 1-24, May.
    4. Ángela Engelmo Moriche & Ana Nieto Masot & Julián Mora Aliseda, 2021. "Economic Sustainability of Touristic Offer Funded by Public Initiatives in Spanish Rural Areas," Sustainability, MDPI, vol. 13(9), pages 1-22, April.
    5. Eduardo Malagon-Zaldua & Mirene Begiristain-Zubillaga & Aintzira Onederra-Aramendi, 2018. "Measuring the Economic Impact of Farmers’ Markets on Local Economies in the Basque Country," Agriculture, MDPI, vol. 8(1), pages 1-14, January.
    6. Ramona Ciolac & Ciprian Rujescu & Simona Constantinescu & Tabita Adamov & Mihaela Cristina Dragoi & Ramona Lile, 2017. "Management of a Tourist Village Establishment in Mountainous Area through Analysis of Costs and Incomes," Sustainability, MDPI, vol. 9(6), pages 1-18, May.
    7. Francisco Javier Castellano-Álvarez & Rafael Robina Ramírez & Ana Nieto Masot, 2023. "Tourism Development in the Framework of Endogenous Rural Development Programmes—Comparison of the Case Studies of the Regions of La Vera and Tajo-Salor (Extremadura, Spain)," Agriculture, MDPI, vol. 13(3), pages 1-28, March.
    8. Francisco Javier Castellano-Álvarez & María de la Cruz del Río-Rama & José Álvarez-García & Amador Durán-Sánchez, 2019. "Limitations of Rural Tourism as an Economic Diversification and Regional Development Instrument. The Case Study of the Region of La Vera," Sustainability, MDPI, vol. 11(12), pages 1-19, June.
    9. Elias Giannakis & Theofanis P. Mamuneas, 2018. "Sectoral linkages and economic crisis: An input-output analysis of the Cypriot economy," Cyprus Economic Policy Review, University of Cyprus, Economics Research Centre, vol. 12(1), pages 28-40, June.
    10. Iulia C. Muresan & Camelia F. Oroian & Rezhen Harun & Felix H. Arion & Andra Porutiu & Gabriela O. Chiciudean & Alexandru Todea & Ramona Lile, 2016. "Local Residents’ Attitude toward Sustainable Rural Tourism Development," Sustainability, MDPI, vol. 8(1), pages 1-14, January.
    11. Dyah Maya Nihayah, 2017. "Development Strategies to Improve the Ecotourism of Indigenous Villages," GATR Journals jber140, Global Academy of Training and Research (GATR) Enterprise.
    12. Marcin Surówka & Łukasz Popławski & Helena Fidlerová, 2021. "Technical Infrastructure as an Element of Sustainable Development of Rural Regions in Małopolskie Voivodeship in Poland and Trnava Region in Slovakia," Agriculture, MDPI, vol. 11(2), pages 1-23, February.
    13. Jorge Rojo-Ramos & Santiago Gómez-Paniagua & Juan Carlos Guevara-Pérez & Jorge García-Unanue, 2023. "Gender Differences in Adventure Tourists Who Practice Kayaking in Extremadura," IJERPH, MDPI, vol. 20(5), pages 1-16, February.
    14. Elias Giannakis & Louis Hadjioannou & Carlos Jimenez & Marios Papageorgiou & Anastasis Karonias & Antonis Petrou, 2020. "Economic Consequences of Coronavirus Disease (COVID-19) on Fisheries in the Eastern Mediterranean (Cyprus)," Sustainability, MDPI, vol. 12(22), pages 1-11, November.
    15. Hyun No Kim, 2018. "The Economic Valuation of Change in the Quality of Rural Tourism Resources: Choice Experiment Approaches," Sustainability, MDPI, vol. 10(4), pages 1-17, March.
    16. Hio-Jung Shin & Hyun No Kim & Jae-Young Son, 2017. "Measuring the Economic Impact of Rural Tourism Membership on Local Economy: A Korean Case Study," Sustainability, MDPI, vol. 9(4), pages 1-13, April.

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    More about this item

    Keywords

    rural tourism; rural development; rural areas typologies; input-output analysis; demand and supply driven multipliers;
    All these keywords.

    JEL classification:

    • C67 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Input-Output Models
    • D57 - Microeconomics - - General Equilibrium and Disequilibrium - - - Input-Output Tables and Analysis
    • R58 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Regional Government Analysis - - - Regional Development Planning and Policy

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