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on Tourism Economics |
| By: | Isabel Cortes; Manuel Artis (Universitat de Barcelona) |
| Abstract: | Tourism is one of the most important sectors in the global economy and is considered an efficient tool with which to promote economic growth. The case of Spain's economy is well known in this respect; in fact, widespread consensus exists on the part played by tourism in enhancing the industrialisation process in Spain and the part played by foreign currency receipts from tourism in financing the imports of capital goods, which made the expansion of manufacturing possible. This paper aims to assess the real role of foreign currency receipts from tourism in Spain 's economy from 1960 to the present. The results of Spain 's experience may well help to guide policy decisions in developing countries in similar circumstances. |
| Keywords: | economic development, industrialisation, international tourism, spanish experience |
| JEL: | C22 L83 N74 O1 |
| Date: | 2006 |
| URL: | http://d.repec.org/n?u=RePEc:bar:bedcje:2006158&r=tur |
| By: | Darren McHugh |
| Abstract: | This paper attempts to estimate the net benefit to Canada of the Vancouver 2010 Winter Olympic Games. Two particular classes of problems in Olympic CBA are studied in detail. The first is the unique nature of project dependency in an Olympic Games, and this is surmounted by the classification of Olympic-related costs and benefits as "Event-related" or "Infrastructure-related", with rules for handing each in the context of a CBA for an Olympic Games. The second is the estimation of net benefit of three types of "Olympic Outputs", namely the Olympic Spectacle, the Olympic Halo (the feelings of pride engendered in the residents of the host city), and the tourism induced by an Olympic Games. One key result of the paper is that a correct accounting of induced Olympic tourism shows that the net benefit of this tourism is substantially less than its widely touted 'economic impact'. Although a detailed estimation of infrastructure costs and benefits is outside the scope of the paper, their contribution to the net benefit of the Games under the proposed project accounting rules is clearly negative. The net benefit of the Olympic Games is therefore also substantially negative when the estimates of Olympic benefits from this paper are combined with published estimates for event costs. |
| Keywords: | Cost/Benefit Analysis, Olympics, Tourism |
| JEL: | D61 |
| Date: | 2006–08 |
| URL: | http://d.repec.org/n?u=RePEc:qed:wpaper:1097&r=tur |
| By: | Danny Campbell (Gibson Institute of Land, Food and Environmen, Queen’s University Belfast); W. George Hutchinson (Gibson Institute of Land, Food and Environmen, Queen’s University Belfast); Riccardo Scarpa (University of Waikato) |
| Abstract: | In discrete choice experiments respondents are generally assumed to consider all of the attributes across each of the alternatives, and to choose their most preferred. However, results in this paper indicate that many respondents employ simplified lexicographic decision-making rules, whereby they have a ranking of the attributes, but their choice of an alternative is based solely on the level of their most important attribute(s). Not accounting for these simple decision-making heuristics introduces systemic errors and leads to biased point estimates, as they are a violation of the continuity axiom and a departure from the use of compensatory decision-making. In this paper the implications of lexicographic preferences are examined. In particular, using a mixed logit specification this paper investigates the sensitivity of individual-specific willingness to pay (WTP) estimates conditional on whether lexicographic decision-making rules are accounted for in the modelling of discrete choice responses. Empirical results are obtained from a discrete choice experiment that was carried out to address the value of a number of rural landscape attributes in Ireland. |
| Keywords: | Continuity axiom, Discrete Choice Experiments, Lexicographic Preferences, Mixed Logit, Individual-Specific Willingness to Pay |
| JEL: | C35 Q24 Q51 |
| Date: | 2006–10 |
| URL: | http://d.repec.org/n?u=RePEc:fem:femwpa:2006.128&r=tur |
| By: | Tatiana Kluvánková-Oravská (Slovak Academy of Sciences, Bratislava Institute for Forecasting); Veronika Chobotová (University of Sussex, UK SPRU, The Freeman Centre, University of Sussex Falmer, Brighton BN1 9QE UK) |
| Abstract: | This paper explores the role of social capital and governance in rural development within Slovensky Raj National Park. Based on the theory of Common Pool Resources and Network Governance, the case study explores the external and internal influences on cooperation. Current decision making in the Park is still affected by post socialist relations. In particular inefficient institutional design and non-robust governance of the resources have resulted in over-exploitation of natural resources and treating common property as open-access. On one hand, evidence emerged on domination of interpersonal trust and failure of institutional design. These were found as barriers for the National Park to be viewed by various actors as an asset. On the other hand, municipal and tourism networks show that cooperation is gradually moving from being externally to internally driven, while displaying characteristics of bottom-up development. A hierarchical governance structure is thus slowly opening up, shifting towards networks. |
| Keywords: | social capital, trust, governance, cooperation, common pool resources, Slovakia, national parks, transition |
| JEL: | P21 P28 R58 Z13 |
| Date: | 2006–06 |
| URL: | http://d.repec.org/n?u=RePEc:hah:icardp:1506&r=tur |
| By: | Richard K. Green (The George Washington University School of Business) |
| Date: | 2006–03 |
| URL: | http://d.repec.org/n?u=RePEc:gwu:wpaper:0002&r=tur |