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on Tourism Economics |
| By: | Guglielmo Maria Caporale; Amir Imeri; Luis A. Gil-Alana |
| Abstract: | This paper examines tourism persistence in a group of Southeastern European (SEE) countries (Albania, Bosnia, Bulgaria, Croatia, Montenegro, North Macedonia, Serbia and Slovenia) by applying fractional integration methods to monthly data on foreign tourist arrivals and overnight stays. The results indicate that the COVID-19 pandemic has increased the degree of persistence of the series examined and also reduced the importance of their seasonal component. |
| Keywords: | SEE, Covid-19, fractional integration, persistence, shocks, tourism |
| JEL: | C13 C22 L83 N74 Z32 |
| Date: | 2022 |
| URL: | http://d.repec.org/n?u=RePEc:ces:ceswps:_10006&r=tur |
| By: | Bürgisser, Reto (University of Zurich); Di Carlo, Donato (European University Institute) |
| Abstract: | Despite being one of the world's major internationally traded services, tourism remains neglected within debates on European integration and growth models. We highlight the rise of tourism-led growth in Southern Europe. We argue that the process of European integration has been a double-edged sword, simultaneously incentivizing and forcing Southern European economies to reap their comparative advantage in tourism. While European integration has created the preconditions for the expansion of intra-European tourism, monetary integration preempts macroeconomic management. Since the Eurozone crisis, internal devaluation and fiscal austerity have suppressed domestic growth drivers, inducing these governments towards an export-led growth strategy. We document the emergence of unprecedented tourism-related current account surpluses in Southern Europe, driven strongly by tourism imports from the EMU-core countries and the UK. Thus, while different types of export-led growth strategies now coexist in the EMU, Southern Europe’s excessive reliance on international tourism for growth comes with severe pitfalls. |
| Date: | 2022–06–08 |
| URL: | http://d.repec.org/n?u=RePEc:osf:socarx:qa8cd&r=tur |
| By: | Régis Chenavaz (KEDGE Business School [Marseille]); Marta Leocata (LUISS - Libera Università Internazionale degli Studi Sociali Guido Carli [Roma]); Malgorzata Ogonowska (UP8 - Université Paris 8 Vincennes-Saint-Denis, LED - Laboratoire d'Economie Dionysien - UP8 - Université Paris 8 Vincennes-Saint-Denis, GREDEG - Groupe de Recherche en Droit, Economie et Gestion - UNS - Université Nice Sophia Antipolis (1965 - 2019) - COMUE UCA - COMUE Université Côte d'Azur (2015-2019) - CNRS - Centre National de la Recherche Scientifique - UCA - Université Côte d'Azur); Dominique Torre (UCA - Université Côte d'Azur, GREDEG - Groupe de Recherche en Droit, Economie et Gestion - UNS - Université Nice Sophia Antipolis (1965 - 2019) - COMUE UCA - COMUE Université Côte d'Azur (2015-2019) - CNRS - Centre National de la Recherche Scientifique - UCA - Université Côte d'Azur) |
| Abstract: | Current approach to the management of World Heritage sites and the associated tourism is not always effective. Indeed, operators of Chteau de Versailles, Alhambra, and Vatican Palace trade-off visitors' revenues against damage to these sites. We study the effective dynamic behavior of a firm managing a heritage site. In an optimal control model, the operator sets pricing and heritage conservation policies. Heritage sites benefit from spending on conservation but are deteriorated by large numbers of visitors. Visitor numbers increase with the attractiveness of the site but decrease with the entrance fee. Our results characterize optimal pricing and heritage conservation policies over time and provide a stronger foundation for sustainable tourism policies. |
| Keywords: | sustainable tourism,World Heritage Sites,dynamic pricing,conservation policies,optimal control |
| Date: | 2022–10 |
| URL: | http://d.repec.org/n?u=RePEc:hal:journl:hal-03836454&r=tur |