Resumen de A tourism growth model
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.
