Modeling economic growth with tourism for small open economies

被引：1

作者：

Stauvermann, Peter Josef ^{[1
]}

Kumar, Ronald Ravinesh ^{[2
,3
,4
]}

机构：

[1] Changwon Natl Univ, Dept Global Business & Econ, Gyeongnam 9, Sarim Dong 641773, Changwon, South Korea

[2] Univ South Pacific, Sch Accounting & Finance, Fac Business & Econ Laucala Campus, Suva, Fiji

[3] Univ Leicester, Sch Management, Univ Rd, Leicester LE1 7RH, Leics, England

[4] Univ Bolton, Bolton Business Sch, Deane Rd, Bolton BL3 5AB, England

来源：

METROECONOMICA | 2017年 / 68卷 / 04期

关键词：

INTERNATIONAL TOURISM; COINTEGRATION ANALYSIS; DEMAND; TRAVEL; WELFARE; SCALE; LONG;

D O I：

10.1111/meca.12161

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

The purpose of the paper is to develop an economic growth model and analyze the impact of changes in tourists' income on the growth of tourism dependent small open economies. We use a general theoretical construct to answer the question of how the price elasticity of tourism demand, income elasticity of tourism demand, and the concentration in the service sector influence the economic development of small economies. One of the main results is that the policy planners in small open economies may consider specific policies to influence the strength of market competition. An ensuing effect of such policies is that the labor incomes will increase. The approach provides a microeconomic foundation for macroeconomic modeling which can be used for applied research, and the model can be easily extended to examine other dimensions of economic development.

引用

页码：1001 / 1018

页数：18