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on Tourism Economics |
| By: | Francesco David (Bank of Italy); Giuseppe Saporito (Bank of Italy) |
| Abstract: | Airports play a crucial role in connecting places and boosting local economic development; notwithstanding this, empirical evidence on the subject is relatively limited. This paper estimates the impact of a new airport in Ragusa, in southeastern Sicily, on international tourism flows in the area, using a synthetic control approach. Connecting by air a relatively peripheral and isolated area of Sicily with a high tourism potential has made it possible to increase by about one fifth the number of nights spent by foreign tourists (for over 5,100 additional nights), generating €434 thousand more in tourist expenditure per month. |
| Keywords: | air transport,international tourism,synthetic control approach |
| JEL: | R40 L83 |
| Date: | 2017–12 |
| URL: | http://d.repec.org/n?u=RePEc:bdi:opques:qef_412_17&r=tur |
| By: | Faber, Benjamin; Gaubert, Cécile |
| Abstract: | Tourism is a fast-growing services sector in developing countries. This paper combines a rich collection of Mexican microdata with a quantitative spatial equilibrium model and a new em- pirical strategy to study the long-term economic consequences of tourism both locally and in the aggregate. We find that tourism causes large and significant local economic gains relative to less touristic regions that are in part driven by significant positive spillovers on manufacturing. In the aggregate, however, these local spillovers are largely offset by reductions in agglomeration economies among less touristic regions, so that the national gains from trade in tourism are mainly driven by a classical market integration effect. |
| Keywords: | economic development; Gains from trade; spatial equilibrium; Tourism |
| JEL: | F15 O24 |
| Date: | 2018–01 |
| URL: | http://d.repec.org/n?u=RePEc:cpr:ceprdp:12644&r=tur |
| By: | Nikolaos Antonakakis (Department of Business and Management, Webster Vienna Private University); Mina Dragouni (University College London (UCL)); Bruno Eeckels (Department of Accounting, Finance and Economics, Bournemouth University); George Filis (Department of Accounting, Finance and Economics, Bournemouth University) |
| Abstract: | The current literature on the tourism-economic growth causal relationship is rather contested. Thus, the aim of this paper is to revisit this ambiguous relationship from a more holistic view, providing a comprehensive study of destinations across the globe which takes into account the key dynamics that influence tourism and economic performance. More specifically, we focus on 113 countries over the period 1995–2011, grouped into clusters based on six criteria, which reflect their economic, political and tourism dimensions. A Panel Vector Autoregressive model is employed to reveal the tourism–economy interdependencies across these clusters. Overall, the economic–driven tourism growth hypothesis seems to prevail in most cases, although some short–lived bidirectional causalities are also identified. Thus, depending on the economic, political and tourism status of a destination, different policy implications apply. |
| Keywords: | tourism-economic growth; panel vector autoregressive model; panel impulse responses; clusters |
| JEL: | C32 F43 L83 O40 O57 |
| Date: | 2018–02 |
| URL: | http://d.repec.org/n?u=RePEc:bam:wpaper:bafes14&r=tur |
| By: | Aleksandra Babikova (National Research University Higher School of Economics); Alexandra Bekasova (National Research University Higher School of Economics) |
| Abstract: | The article deals with the process of emergence of tourism in Russia and focused on a visual pattern in the making of tourist places. Being an essential part of mass printed culture, travel guidebooks, along with travel literature and postcards, were in demand during the late imperial period. They were produced and replicated intensively and circulated widely. At the turn of the 19 – 20th centuries the Black Sea coast of Russia was evolving into a popular place for travel and a recreational destination. A set of images of attractive spots of this region, which were reproduced in Nikolai Lender’s guidebooks, as well as on postcards in 1880s - 1910s formed the empirical basis of this research |
| Keywords: | travel guidebooks; images of attractive spots, tourist spaces, tourism history, the Black Sea coast, late Imperial Russia |
| JEL: | Z |
| Date: | 2018 |
| URL: | http://d.repec.org/n?u=RePEc:hig:wpaper:164/hum/2018&r=tur |