search query: @author Copeland, B. R. / total: 5
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| Author: | Copeland, B. R. |
| Title: | Tourism, welfare and de-industrialization in a small open economy |
| Journal: | Economica
1991 : NOV, VOL. 58:232, p.515-529 |
| Index terms: | TOURIST INDUSTRY WELFARE INTERNATIONAL TRADE OPEN ECONOMY MOBILITY DE-INDUSTRIALISATION |
| Language: | eng |
| Abstract: | The effects of an expansion of tourism on welfare, output and factor prices in the host country are investigated using a general equilibrium international trade model. In the absence of taxes, foreign ownership and distortions, an increase in foreign visitors will increase welfare only if the price of non-tradeables increases. Factor mobility and foreign ownership tend to reduce the gains from tourism, while commodity taxes tend to increase them. Conditions under which an increase in tourism can lead to de-industrialization are also discussed. |
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