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An Assessment of the Weight of Tourism in the Balearic Islands

Author

Listed:
  • Clemente Polo Andrés
  • Elisabeth Valle Valle

Abstract

According to the official Institute of Tourist Studies the Balearic Islands, a Spanish region with just over one million inhabitants, received 9.6 million international arrivals in 2005 out of 55.8 million for the entire country. Although a rather impressive figure, it is 4.8% below the 10.1 million recorded in 1999 which might explain partially that the Balearic Islands has recorded the worst growth performance of all 17 autonomous Spanish regions since 2000. A look at the 1997 regional input-output table, confirms the Balearic economy is highly specialized in the production of tourism services. The main purpose of this paper is to provide an assessment of the weight of tourism in the Balearic Islands using input-output techniques and several alternative assumptions on endogeneity of final demand components. The paper also estimates under the same assumptions the effects on the economy of a 10% fall in tourist flows. Finally, the results are compared with those obtained with a SAM model.

Suggested Citation

  • Clemente Polo Andrés & Elisabeth Valle Valle, 2007. "An Assessment of the Weight of Tourism in the Balearic Islands," CRE Working Papers (Documents de treball del CRE) 2007/04, Centre de Recerca Econòmica (UIB ·"Sa Nostra"), revised Jan 2007.
    • Handle: RePEc:pdm:wpaper:2007/04
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    Citations

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    Cited by:

    1. Dolores García & María Tugores, 2015. "The Direct and Combined Effects of Training on Hotel Performance," Tourism Economics, , vol. 21(6), pages 1189-1205, December.
    2. Stephen Pratt, 2015. "The Borat Effect: Film-Induced Tourism Gone Wrong," Tourism Economics, , vol. 21(5), pages 977-993, October.
    3. Onil Banerjee & Martin Henseler & Hélène Maisonnave & Lulit Mitik Beyene & Mercedes Velasco, 2017. "An integrated model for evaluating investments in cultural heritage tourism in the Dominican Republic," Tourism Economics, , vol. 23(8), pages 1568-1580, December.
    4. Hasan Gül & Selim Çaǧatay, 2015. "Impact Analysis of Demand-Driven Shocks in Turkey's Tourism Industry within the Framework of the Social Accounting Matrix," Tourism Economics, , vol. 21(1), pages 33-48, February.
    5. María Tugores & Dolores García, 2015. "The Impact of Innovation on Firms' Performance: An Analysis of the Hotel Sector in Majorca," Tourism Economics, , vol. 21(1), pages 121-140, February.
    6. Juan Soulie & Elisabeth Valle, 2014. "Trade Effects of Specialization in Tourism: An Inter-Regional Input—Output Model of the Balearic Islands," Tourism Economics, , vol. 20(5), pages 961-985, October.
    7. Carrascal Incera, André & Fernández, Melchor Fernández, 2015. "Tourism and income distribution: Evidence from a developed regional economy," Tourism Management, Elsevier, vol. 48(C), pages 11-20.
    8. Clemente Polo & Elisabeth Valle, 2016. "Tourism Interactions and Redistribution Effects in the Balearic Islands: A SAM Analysis," Tourism Economics, , vol. 22(2), pages 353-374, April.
    9. Xesús Pereira López & Melchor Fernández Fernández & André Carrascal Incera, 2016. "The Economic Impact of International Students in a Regional Economy from a Tourism Perspective," Tourism Economics, , vol. 22(1), pages 125-140, February.
    10. María Tugores & Elisabeth Valle, 2016. "Innovation, hotel occupancy, and regional growth," Tourism Economics, , vol. 22(4), pages 749-762, August.
    11. João-Pedro Ferreira & Pedro N Ramos & Michael L Lahr, 2020. "The rise of the sharing economy: Guesthouse boom and the crowding-out effects of tourism in Lisbon," Tourism Economics, , vol. 26(3), pages 389-403, May.
    12. Pratt, Stephen, 2015. "The economic impact of tourism in SIDS," Annals of Tourism Research, Elsevier, vol. 52(C), pages 148-160.
    13. Jeroen Klijs & Jack Peerlings & Wim Heijman, 2015. "Usefulness of Non-Linear Input—Output Models for Economic Impact Analyses in Tourism and Recreation," Tourism Economics, , vol. 21(5), pages 931-956, October.
    14. Irina Klytchnikova & Paul Dorosh, 2013. "Tourism sector in Panama: Regional economic impacts and the potential to benefit the poor," Natural Resources Forum, Blackwell Publishing, vol. 37(2), pages 70-79, May.

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