Tourism Specialization and Economic Development

Tourism Specialization and Economic Development
Author: Mr.Rabah Arezki
Publisher: International Monetary Fund
Total Pages: 26
Release: 2009-08-01
Genre: Business & Economics
ISBN: 1451873239

The present paper investigates whether tourism specialization is a viable strategy for development. We estimate standard growth equations augmented with a variable measuring tourism specialization using instrumental variables techniques for a large cross-section of countries for the period 1980-2002. We introduce an instrument for tourism based on the UNESCO World Heritage List. We find that there is a positive relationship between the extent of tourism specialization and economic growth. An increase of one standard deviation in the share of tourism in exports leads to about 0.5 percentage point in additional annual growth, everything else being constant. Our result holds against a large array of robustness checks.

Tourism and Sustainable Economic Development

Tourism and Sustainable Economic Development
Author: Amedeo Fossati
Publisher: Springer Science & Business Media
Total Pages: 259
Release: 2012-12-06
Genre: Science
ISBN: 1461543215

For many countries tourism is an industry of great economic significance; it is seen as a main instrument for regional development, as it stimulates new economic activities. Tourism may have a positive economic impact on the balance of payments, on employment, on gross income and production, but it may also have negative effects, particularly on the environment. Questions arise as to whether it is possible to keep on developing tourism in a certain area without negative or irreversible influences on the environment. Tourism and Sustainable Economic Development provides a theoretical framework for these problems, as well as practical illustrations on the following topics: the conditions under which specialization in tourism is not harmful for economic growth; the trade-offs, if any, between tourism development and economic growth; the need for government intervention and the various policy options and instruments available to policy makers. The book comprises two parts. The first part presents general views on tourism and sustainable economic development, and some opinions on the relationship between tourism and the environment. Some of the basic concepts implicit in sustainability are examined in relation to regional development, urban tourism, art cities, and rural tourism. The second part of the book concentrates on strategies and policy instruments. The purpose is to concisely define and bring together some policies which appear to be necessary, and whose implementation is required if we are to reconcile tourism development with the protection and conservation of the environment. Some analytical tools for policy making with regard to tourism and the environment are developed. As will become clear, there are many gaps in our knowledge that need to be filled if we are to be successful in controlling tourism in a way that puts this important industry onto a sustainable development path.

Tourism, Smart Specialization and Sustainable Development

Tourism, Smart Specialization and Sustainable Development
Author: João Romão
Publisher: MDPI
Total Pages: 202
Release: 2021-02-26
Genre: Business & Economics
ISBN: 3039436716

This Special Issue addresses relations between tourism activities, smart specialization strategies, and sustainable development at different territorial levels, including the local, regional, national, and international. Framed by appropriate conceptual frameworks to define the contemporary dynamics of innovation in tourism, case studies supported by advanced quantitative methods and developed in rural and urban areas of Asia, Europe, and Africa are presented and discussed. The concept of smart specialization inspires the formulation of regional innovation policies and strategies, emphasizing the importance of endogenous resources and existing territorial capabilities. By exploring the diversity and variety of each economy to develop inter-sectoral relations, this approach aims at promoting the creation of spillover effects of innovation processes supported by adequate key enabling technologies, potentially leading to the sustainable development of places, regions, and countries. As an activity that mobilizes contributions from different economic sectors, tourism may play a central role in such strategies. As described and discussed in this Special Issue, aspects related to the creative sectors of economies, information and communication technologies, traditional products and lifestyles, food production, or diverse cultural values can be mobilized to generate innovative and sustainable solutions for tourism development.

Understanding the Evolution of Regional Economic Development and Tourism Efficiency in China

Understanding the Evolution of Regional Economic Development and Tourism Efficiency in China
Author: Tsung Pao Wu
Publisher: Cambridge Scholars Publishing
Total Pages: 314
Release: 2024-07-16
Genre: Business & Economics
ISBN: 103640787X

This insightful volume delves into the intricate relationship between economic growth and tourism effectiveness in China’s diverse regions. With a focus on practical insights and accessible language, this book is essential reading for policymakers, economists, and tourism professionals seeking to understand the dynamics of regional development. By emphasizing China’s unique experiences, the text offers valuable lessons applicable to regions worldwide. Engaging and concise, it navigates complex concepts with clarity, making it accessible to a global audience. Highlighting key trends and emerging theories, this work serves as a vital resource for anyone interested in the intersection of economic development and tourism efficiency.

The Economic Geography of the Tourist Industry

The Economic Geography of the Tourist Industry
Author: Dimitri Ioannides
Publisher: Psychology Press
Total Pages: 372
Release: 1998
Genre: Economic geography
ISBN: 9780415164122

Available on Hospitality and Tourism Complete Publications via EBSCOHOST via internet. A password may be needed off campus.

The Economics of Tourism

The Economics of Tourism
Author: Mike J. Stabler
Publisher: Routledge
Total Pages: 535
Release: 2009-12-16
Genre: Business & Economics
ISBN: 1135194971

"The publication of the second edition of The Economics of Tourism is a timely contribution to the theory and practice of tourism. The book retains both the rigour and relevance to the study of tourism as the original text which is considered to be the gold standard of tourism economics and is a must for those who study and undertake research into tourism from economic, environmental and social perspectives." Professor Haiyan Song, The Hong Kong Polytechnic University, HK "This Second Edition is a "Wikipedia" of tourism economic research and strategic thinking and a must read for academic, corporate and policy thinkers. It builds on the earlier solid economic analysis of the sector to reflect contemporary geopolitical and socioeconomic issues. Going beyond a globalizing, poverty divided world to one where climate, population, resources and the green economy are dominant issues. We are proud of its genesis and continuing association with TTRI." Professor Geoffrey Lipman, University of Nottingham, UK

The Economics of Tourism Destinations

The Economics of Tourism Destinations
Author: Guido Candela
Publisher: Springer Science & Business Media
Total Pages: 626
Release: 2012-06-30
Genre: Business & Economics
ISBN: 3642208738

The book aims at providing an overview of the main economic issues related to tourism activities. While tourism is an important sector, contributing to more than 10% of the European Union’s GDP, research and teaching at the university level has only recently grown to a considerable level, and the field still lacks a firm research methodology. This book approaches tourism economics as an applied field of study in which tourism markets are represented as imperfect markets, with asymmetric and incomplete information among agents, bounded rationality, and with a strong presence of externalities and public goods. The economic issues studied in the book are approached both intuitively, largely using examples and case studies, and formally, with mathematical formalizations in text boxes.

Small Island and Small Destination Tourism

Small Island and Small Destination Tourism
Author: Robertico Croes
Publisher: CRC Press
Total Pages: 259
Release: 2022-06-30
Genre: Business & Economics
ISBN: 1000565513

This unique and thoughtful book considers the tourism specialization, economic growth, and tourism competitiveness of a very specific type of tourism: small islands practicing warm water island tourism. This new book thoroughly examines the phenomenon of why some small island destinations have been more successful than others. The main premise applied is that success and survival of small island tourism hinges on resolving the mystery regarding the relationship between competitiveness and quality of life. In addressing this question, the book reviews four relevant and interconnected concepts: tourism, competitiveness, quality of life, and scale (or size). In doing so, the book enhances understanding of the potential of tourism for the improvement of the quality of life of the residents of small islands. In the last chapter of the book, the author assesses the impact of COVID-19 on tourism and specifically its ramifications for small island destinations. Whether small island populations can rise from beneath the COVID -19 burden that threatens their economic future is yet to be seen. Small Island and Small Destination Tourism: Overcoming the Smallness Barrier for Economic Growth and Tourism Competitiveness is written from a sustainable perspective that combines tourism dynamics, development, competitiveness, quality of life, and business. As such, it is aimed at a broad but higher-level audience including graduate students, academicians and researchers, practitioners, policymakers, and international organizations.

A Modern Guide to Tourism Economics

A Modern Guide to Tourism Economics
Author: Croes, Robertico
Publisher: Edward Elgar Publishing
Total Pages: 455
Release: 2022-09-06
Genre: Business & Economics
ISBN: 1800378769

This Modern Guide captures the evolution of foundational tenets, theories, frameworks and models that buttressed tourism economics into an evolving discipline, shining light on both new and old approaches. It systematically examines current and future trends and issues related to new economic perspectives, consolidating the notion of tourism economics as a discipline.

Partnerships for Regional Innovation and Development

Partnerships for Regional Innovation and Development
Author: Marta Gancarczyk
Publisher: Taylor & Francis
Total Pages: 299
Release: 2021-08-05
Genre: Business & Economics
ISBN: 1000424073

This monograph presents the experience in the implementation of smart specialization strategies (S3) from multilevel policy governance, as well as from the bottom-up perspectives of firms, clusters, and networks in selected European countries. The presented research focuses on relevance and feasibility of the S3 adoption, emphasizing the importance of linking policy considerations with partnerships at lower governance levels. The major contribution of the presented research rests in theoretical implications and practical recommendations relevant for the implementation of regional S3 in the European context, with the possibility of place-based adoption in other environments. The book is also valuable for synthesizing the most recent advancements in smart specialization as a policy concept and the concept of transformation and growth for territorial units and economic entities. This book aims to further diffuse and expand the academic community’s learning of the new S3 approach in Europe and beyond. The book will be of interest and useful to the academic community of researchers and doctoral students focused on regional innovation development and related policy, as well as on entrepreneurship, networks, and clusters. Public sector professionals dealing with regional development, regional innovation policies, and industrial transformation will also benefit from its content.