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Overcapacities in the Tunisian tourism industry

Author

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  • Philippe Adair

    (ERUDITE - Equipe de Recherche sur l’Utilisation des Données Individuelles en lien avec la Théorie Economique - UPEM - Université Paris-Est Marne-la-Vallée - UPEC UP12 - Université Paris-Est Créteil Val-de-Marne - Paris 12)

  • Ali Abdallah

    (Institute for Microelectronics and Microsensors - JKU)

Abstract

We provide an overview of the Tunisian tourism industry on the long run, wherein investment has been on rise since the early 1990s and is obviously facing overcapacities. We document the trend of the fundamentals of tourism industry in terms of ongoing supply, harsh competition and lagging market share. We examine its performance as regards low receipts, declining value added and the lack of employment absorbing capacity. Investment overcapacities are fuelled by lax financing triggering non-performing loans and large regulation incentives. We suggest a tentative explanation of path dependency from the supply side in terms of rent-seeking behaviour of private entrepreneurs and we emphasize long-lasting State capture and the grip of cronyism.

Suggested Citation

  • Philippe Adair & Ali Abdallah, 2015. "Overcapacities in the Tunisian tourism industry," Post-Print hal-01667222, HAL.
    • Handle: RePEc:hal:journl:hal-01667222
    Note: View the original document on HAL open archive server: https://hal.science/hal-01667222v1
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    References listed on IDEAS

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    1. Simeon Djankov & Rafael La Porta & Florencio Lopez-de-Silanes & Andrei Shleifer, 2002. "The Regulation of Entry," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 117(1), pages 1-37.
    2. Rijkers, Bob & Freund, Caroline & Nucifora, Antonio, 2017. "All in the family: State capture in Tunisia," Journal of Development Economics, Elsevier, vol. 124(C), pages 41-59.
    3. Mohamed Ali Marouani, 2000. "Ouverture commerciale et emploi. Un modèle d'équilibre général avec salaires d'efficience appliqué à la Tunisie," Revue Économique, Programme National Persée, vol. 51(3), pages 557-569.
    4. Antonakakis, Nikolaos & Dragouni, Mina & Filis, George, 2015. "Tourism and growth: The times they are a-changing," Annals of Tourism Research, Elsevier, vol. 50(C), pages 165-169.
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