Tourism and economic development in a cash-in-advance economy

Chao, Chi-Chur, Hazari, Bharat and Sgro, Pasquale 2005, Tourism and economic development in a cash-in-advance economy, Research in international business and finance, vol. 19, no. 3, pp. 365-373, doi: 10.1016/j.ribaf.2005.05.003.

Attached Files
Name Description MIMEType Size Downloads

Title Tourism and economic development in a cash-in-advance economy
Author(s) Chao, Chi-ChurORCID iD for Chao, Chi-Chur
Hazari, Bharat
Sgro, PasqualeORCID iD for Sgro, Pasquale
Journal name Research in international business and finance
Volume number 19
Issue number 3
Start page 365
End page 373
Publisher Elsevier Science Direct
Place of publication London, England
Publication date 2005-09
ISSN 0275-5319
Keyword(s) cash in advance
economic development
Summary This paper examines the impact of tourism on welfare in a cash-in-advance economy. As a result of the expansion in tourism, the price of the non-traded good increases. This gives rise to a terms-of-trade improvement. However, the cash-in-advance constraint causes a distortion in consumption. For tourism demand, where the gain from the terms-of-trade improvement dominates (does not dominate) the loss from the consumption distortion, tourism is welfare-improving (welfare-reducing). A similar condition for welfare improvement (deterioration) holds for a model of capital inflow and endogenised tourism.
Notes Available online 1 July 2005.
Language eng
DOI 10.1016/j.ribaf.2005.05.003
Field of Research 140208 Health Economics
HERDC Research category C1 Refereed article in a scholarly journal
Copyright notice ©2005, Elsevier B.V.
Persistent URL

Connect to link resolver
Unless expressly stated otherwise, the copyright for items in DRO is owned by the author, with all rights reserved.

Version Filter Type
Citation counts: TR Web of Science Citation Count  Cited 12 times in TR Web of Science
Scopus Citation Count Cited 10 times in Scopus
Google Scholar Search Google Scholar
Access Statistics: 971 Abstract Views, 0 File Downloads  -  Detailed Statistics
Created: Mon, 13 Oct 2008, 15:45:43 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