The TALC hypothesis and economic growth theory

Javier Lozano Ibáñez ^[1] ; Carlos Mario Gómez Gómez ^[2] ; Javier Rey-Maquieira Palmer ^[1]
1. [1] Universitat de les Illes Balears
  
  Universitat de les Illes Balears
  
  Palma de Mallorca, España
2. [2] Universidad de Alcalá
  
  Universidad de Alcalá
  
  Alcalá de Henares, España
Localización: Tourism economics: the business and finance of tourism and recreation, ISSN 1354-8166, Vol. 14, Nº. 4, 2008, págs. 727-749
Idioma: inglés
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Resumen
- The authors build a bridge between traditional analysis of the evolution of tourism destinations and economic growth theory. With this aim, they develop an environmental growth model for an economy specializing in tourism and derive the pattern of tourism development with numerical calculations. The results do not contradict the pattern of evolution implied in the tourism area life cycle hypothesis, with environmental deterioration and public goods congestion being the main reasons for the stagnation of the tourism destination. The authors also show the importance of the quality of private tourism services in the evolution of a tourism destination.