A tourism growth model
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[1] Universidad de Las Palmas de Gran Canaria
Universidad de Las Palmas de Gran Canaria
Gran Canaria, España
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- Localización: Tourism economics: the business and finance of tourism and recreation, ISSN 1354-8166, Vol. 26, Nº. Extra 5, 2020 (Ejemplar dedicado a: Special Foucus: 6th QATEM Workshop), págs. 746-763
- Idioma: inglés
- Texto completo no disponible (Saber más ...)
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Resumen
Two processes can be used to summarize the productive-mix of a tourism-led economy: the lackof a significant secondary sector and strongtertiarization. Both developments have had significantconsequences for productivity gains that, as shown by empirical research, are key to understandingeconomic progress. In fact, this productivity has been predominantly concentrated in the industrialsector while services have relied more on factor accumulation. However, this varying economicpattern has permitted long-lasting economic growth in current tourism-led economies. This articledevelops a theoretical dynamic economic model (a dynamic CGE model) to explain the beginning,development and long-term growth consequences of tourism-led economies.
