Tourism, globalization, social externalities, and domestic welfare

Chao, Chi-Chur, Hazari, Bharat R. and Sgro, Pasquale M. 2004, Tourism, globalization, social externalities, and domestic welfare, Research in international business and finance, vol. 18, no. 2, pp. 141-149.

Attached Files
Name Description MIMEType Size Downloads

Title Tourism, globalization, social externalities, and domestic welfare
Author(s) Chao, Chi-Chur
Hazari, Bharat R.
Sgro, Pasquale M.
Journal name Research in international business and finance
Volume number 18
Issue number 2
Start page 141
End page 149
Publisher Elsevier
Place of publication Greenwich, Conn.
Publication date 2004-06
ISSN 0275-5319
1878-3384
Keyword(s) tourism
globalization
social externalities
Summary One of the impacts of globalisation has been the growth in tourism and mobility of capital. This paper examines the welfare effect of tourism on the host economy with imperfect competition. Three channels that affects domestic welfare by tourism are: social externalities accompanied with tourists, the terms of trade effect via rises in the non-tradable prices, and the resource movement effect to the manufacturing sector. Owing to the positive terms-of-trade effect and/or the beneficial resource movement effect, the optimal levels of tourism occur at the situations that tourists bring negative social externalities to the economy.
Language eng
Field of Research 140210 International Economics and International Finance
HERDC Research category C1 Refereed article in a scholarly journal
Copyright notice ©2004, Elsevier B.V.
Persistent URL http://hdl.handle.net/10536/DRO/DU:30008659

Document type: Journal Article
Collections: Deakin Graduate School of Business
Higher Education Research Group
Connect to link resolver
 
Unless expressly stated otherwise, the copyright for items in DRO is owned by the author, with all rights reserved.

Versions
Version Filter Type
Citation counts: Scopus Citation Count Cited 6 times in Scopus
Google Scholar Search Google Scholar
Access Statistics: 580 Abstract Views, 2 File Downloads  -  Detailed Statistics
Created: Mon, 13 Oct 2008, 15:38:20 EST

Every reasonable effort has been made to ensure that permission has been obtained for items included in DRO. If you believe that your rights have been infringed by this repository, please contact drosupport@deakin.edu.au.