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| Author: | Lanza, A. Temple, P. Urga, G. |
| Title: | The implications of tourism specialisation in the long run: an econometric analysis for 13 OECD economies |
| Journal: | Tourism Management
2003 : JUN, VOL. 24:3, p. 315-321 |
| Index terms: | Tourism Welfare economics Economic growth OECD Country comparisons |
| Language: | eng |
| Abstract: | It is shown that specialisation may not be deleterious for economic welfare once the terms of trade are considered. Conditions for an improvement in welfare are laid out and their existence tested by econometric methods within an almost ideal demand system formulation of tourist expenditure for 13 OECD economies. The values of the estimated parameters suggest that long run growth may not be harmed by tourism specialisation. |
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