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Why Are Tourism Countries Small and Fast-Growing?

Lanza, Alessandro - Pigliaru, Francesco (1999) Why Are Tourism Countries Small and Fast-Growing? Working Paper. CRENoS.

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Official URL: http://www.crenos.it/working/pdf/99-6.pdf

Abstract

International tourism is today one of the most important tradable sectors, with expenditure on tourist goods and services representing some 8% of total world export receipts and 5% of world GDP. Cross-country data for 1985-95 on tourism specialisation and economic growth reveal the following regularities: (i) many tourism countries have grown faster compared to the other countries; and (ii) they are small. We use a two-sector endogenous growth model to obtain explanatory hypotheses about these two findings. In particular, we define the conditions required for small countries to specialise in tourism and to enter the faster growth path. Our suggestion is that what matters is a country’s relative endowment of the natural resource, rather than its absolute size.

Item Type:Technical Report / Working Paper / Project Report (Working Paper)
Publisher:CRENoS
Date:1999
Institution:Universita' degli Studi di Cagliari
Divisions:Centri > CRENoS Centro Ricerche Economiche Nord Sud
Subjects:Area 13 - Scienze economiche e statistiche > SECS-P/06 Economia applicata
Uncontrolled Keywords:GDP, Endogenous growth model
ID Code:356
Deposited On:14 Nov 2008 10:30

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