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Tourism, trade and domestic welfare

journal contribution
posted on 2003-01-01, 00:00 authored by J J Nowak, M Sahli, Pasquale Sgro
Tourism has been regarded as a major source of economic growth and a source of foreign exchange. It has also been viewed as an activity that imposes costs on the host country. Such costs include increased pollution, congestion and despoliation of fragile environments, and intra-generational inequity aggravation. One aspect that has been ignored is the general equilibrium effects of tourism on other sectors in the economy. This paper presents a model that captures the interdependence between tourism and the rest of the economy, in particular agriculture and manufacturing. An important result obtained is that the tourist boom may 'immiserize' the residents.

History

Journal

Pacific economic review

Volume

8

Issue

3

Pagination

245 - 258

Publisher

Blackwell Publishing Asia

Location

Carlton, Vic.

ISSN

1361-374X

eISSN

1468-0106

Language

eng

Notes

Published Online: 1 Dec 2003

Publication classification

C1 Refereed article in a scholarly journal

Copyright notice

2003, Blackwell Publishers Ltd

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