nep-tur New Economics Papers
on Tourism Economics
Issue of 2008‒04‒29
four papers chosen by
Antonello Scorcu
University of Bologna

  1. Tourism Investments Under Uncertainty: an Economic Analysis of “Eco-monsters” By Guido Candela; Massimiliano Castellani; Maurizio Mussoni
  2. The Contribution of Vocational Training to Employment, Job-Related Skills and Productivity: Evidence from Madeira Island By Budria, Santiago; Pereira, Pedro T.
  3. Valuing lagoons using a meta-analytical approach: Methodological and practical issues By Geoffroy Enjolras; Jean-Marie Boisson
  4. The impact of Community-Based Ecotourism Projects in Amboró National Park By Fabián Soria

  1. By: Guido Candela (University of Bologna and The Rimini Centre for Economic Analysis, Rimini, Italy.); Massimiliano Castellani (University of Bologna and The Rimini Centre for Economic Analysis, Rimini, Italy.); Maurizio Mussoni (University of Bologna and The Rimini Centre for Economic Analysis, Rimini, Italy.)
    Abstract: “Ecological monsters” (“eco-monsters”) can be the bizarre, but legal, outcome of rational choices made by two agents: (i) a firm whose investments depend on Governmental permits; (ii) a policy maker having the discretionary power on the permits. This paper will determine the existence conditions which create a legal “eco-monster”. The model consists of a sequential noncooperative game with equilibrium in terms of positive expected firm profits and policy maker net balance ending up with a non-zero-sum game and a double failure: (i) a market failure, when the firm interrupts and abandons the investment, and (ii) a public failure, when the policy maker can not avoid the creation of “eco-monsters”. Policy implications and partisan party effects are explored: for certain parameters values, the economic policy can be ineffective in decreasing the “ecomonsters” frequency as a paradoxical, but rational, outcome in a stochastic framework, with real options and environmental externalities. JEL Classifications: C72-D62-D73
    Keywords: Noncooperative Games, Externalities, Real Options.
    Date: 2008–01
  2. By: Budria, Santiago (University of Madeira); Pereira, Pedro T. (University of Madeira)
    Abstract: In this paper, we analyze the transition to the labour market of participants in vocational training in Madeira Island. In a first stage, we investigate how the employment status at different dates (one month, one year, and two years after the completion of the training program) depends on relevant variables, such as age, gender, education and the content and duration of the training. In a second stage, we use the individuals’ self-assessment regarding the effectiveness of the training program along three dimensions: employment, job-related skills and productivity. We find that respondents score training activities high in every dimension. Moreover, we find that training is more effective among the educated, indicating that vocational training is far from being remedial. We also find that long training programs and training in the area of tourism are particularly effective.
    Keywords: job-related skills, productivity, employment, training, ordered logit
    JEL: C35 I21 J64
    Date: 2008–04
  3. By: Geoffroy Enjolras; Jean-Marie Boisson
    Abstract: Among coastal areas, lagoons are probably one of the most active and sensitive areas. They provide numerous goods and services that are of value to people. As public goods, there are freely accessible but in counterpart there are more endangered than other areas. Conflict uses between activities inside and outside the lagoons or between occasional and regular users imply to implement the lagoons economic values in order to provide a useful management tool. Many studies have been driven in order to estimate the impacts of the different activities on water quality and the willingness to pay for a better environment. We collect 32 lagoon studies providing 67 value observations in order to present a comprehensive meta-analysis of the valuation literature. This method allows estimating a function that takes into account the sites characteristics, methodological variables and lagoons services. The estimation of a meta-analytic function proves that all theses kinds of variables are important for the calculus of values. Moreover, we precisely determine the influence of the different variables on the value. Performing the transfer, we find an average transfer error amount equal to 87% but a median transfer error equal to 24%. This result due to a very small number of aberrant values is interesting with one-fourth of the transfers showing errors lower to 10% and nearly three-fourth of the transfers present errors lower to 50%.
    Date: 2007–04
  4. By: Fabián Soria (Institute for Advanced Development Studies)
    Abstract: This research examines selected Community Ecotourism projects in the Amboró National Park in Bolivia, which have been established by local environmental NGOs. The objective is to investigate the impact of these projects on the livelihoods and social relations in the communities. The main question that concerns us is if the projects have been effective in reducing or alleviating poverty and vulnerability, whilst providing environmental sustainability. The research also provides insight into the impact of the projects on social, cultural and economic structures of the communities. Furthermore, it will show whether the beneficiaries see Community Ecotourism projects as an important income and activity diversification option, and if they see the projects as environmentally sustainable. These issues can determine the final outcome of the project, and thus become decisive to evaluate if such projects can be used as a strategy to improve living conditions and reduce poverty. The research relies on interviews and data collected during fieldwork in Bolivia in July-August 2007. Four different Community Ecotourism projects in the Amboró National Park were visited, as well as key informants and stakeholders.
    Keywords: Ecotourism, poverty, sustainability, Bolivia
    JEL: Q26 Q57
    Date: 2008–03

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