Economic Development and International and Interregional Tourism

• Autorzy: Wei-Bin Zhang

Warianty tytułu

Rozwój gospodarczy a turystyka międzynarodowa i międzyregionalna

• Języki publikacji: EN

Abstrakty

EN

Tourism was the fastest growing industry until the outbreak of Covid-2019. Nevertheless, there are a few studies on how the industry interacts with the rest of economies within a comprehensive analytical framework. The main concern of this study is how international and interregional tourism interacts with national economic development and economic structural change. Tourism and economic growth are investigated in a multi-regional small open economy which is perfectly competitive. Materials and methods: National economy consists of multiple regions and each region has three sectors: industry, service, and housing. Production side is the same as in the neoclassical growth theory. Households move freely between regions, equalizing utility level between regions by selecting housing, goods, tourism, and saving. A region's amenity is endogenously related to the region's population. Results: We explicitly solve the dynamics of the multi-regional economy. The system has a unique stable equilibrium point. Conclusions: We simulate the motion of the model and examine the effects of changes in the rate of interest, foreigners' preference for visiting a region, a region 's total productivity of the service sector, domestic consumers' preference for visiting a region, as well as the propensity to save, the propensity to consume regional services and housing. (original abstract)

Turystyka jest najszybciej rozwijającą się branżą do czasu Covid-2019. Niemniej jednak istnieje kilka badań dotyczących interakcji branży z pozostałymi gospodarkami w ramach kompleksowych ram analitycznych. Głównym przedmiotem zainteresowania tego badania jest interakcja turystyki międzynarodowej i międzyregionalnej z krajowym rozwojem gospodarczym i zmianami strukturalnymi w gospodarce. Badamy turystykę i wzrost gospodarczy w wieloregionalnej, małej, otwartej gospodarce, która jest doskonale konkurencyjna. Materiały i metody: Gospodarka narodowa składa się z wielu regionów, a każdy region ma trzy sektory - przemysłowy, usługowy i mieszkaniowy. Strona produkcyjna jest taka sama jak w neoklasycznej teorii wzrostu. Gospodarstwa domowe swobodnie przemieszczają się między regionami, wyrównując poziom użyteczności między regionami, wybierając mieszkanie, towary, wycieczki i oszczędzanie. Udogodnienia regionu są endogenicznie związane z populacją regionu. Wyniki: Wyraźnie rozwiązujemy dynamikę gospodarki multiregionalnej. System posiada unikalny stabilny punkt równowagi. Wnioski: Symulujemy ruch modelu i badamy skutki zmian stopy procentowej, preferencji obcokrajowców do zwiedzania regionu, całkowitej produktywności sektora usług w regionie, preferencji krajowych konsumentów do zwiedzania regionu, skłonności do oszczędzania, skłonności do korzystania z usług regionalnych oraz do konsumpcji mieszkań. (abstrakt oryginalny)

Słowa kluczowe

EN

Economic development; International tourism; Domestic tourism; Services; Economic growth

PL

Rozwój gospodarczy; Turystyka międzynarodowa; Turystyka krajowa; Usługi; Wzrost gospodarczy

• Czasopismo: Economic and Regional Studies
• Rocznik: 2020
• Tom: 13
• Numer: nr 4
• Strony: 375--387

Twórcy

autor

Wei-Bin Zhang

• Ritsumeikan Asia Pacific University, Japan

Bibliografia

• Baldwin, R.E., Martin, P. (2004). Chapter 60 - Agglomeration and Regional Growth, In: J.V. Hendersson and J.F. Thisse, Handbook of Regional and Urban Economics, 4. Amsterdam: Elsevier. https://doi.org/10.1016/S1574-0080(04)80017-8
• Benigno, G., Benigno, P. (2003). Price Stability in Open Economies. Review of Economic Studies, 70, 743-64. https://doi.org/10.1111/1467-937X.00265
• Blake, A., Sinclair, M.T., Campos, J.A. (2006). Tourism Productivity - Evidence from the United Kingdom. Annals of Tourism Research, 33, 1099-1120. https://doi.org/10.1016/j.annals.2006.06.001
• Brecher, R.A., Chen, Z.Q., Choudhri, E.U. (2002). Absolute and Comparative Advantage, Reconsidered: The Pattern of International Trade with Optimal Saving. Review of International Economics, 10, 645-656. https://doi.org/10.1111/1467-9396.t01-1-00355
• Briedenhann, J., Wickens, E. (2004). Tourism Routes as a Tool for the Economic Development of Rural Areas - Vibrant Hope or Impossible Dream? Tourism Management 25(1), 71-79. https://doi.org/10.1016/S0261-5177(03)00063-3
• Chao, C.C., Hazari, B.R., Laffargue, Y.P., Yu, E.S.H. (2009). A Dynamic Model of Tourism, Employment and Welfare: The Case of Hong Kong. Pacific Economic Review, 14(2), 232-245. https://doi.org/10.1111/j.1468-0106.2009.00441.x
• Copeland, B.R. (1991). Tourism, Welfare and De-industrialization in a Small Open Economy. Economica, 58(232), 515-529. https://doi.org/10.2307/2554696
• Corden, W.M., Neary, J.P. (1982). Booming Sector and De-industrialization in a Small Open Economy. Economic Journal, 92(368), 825-848. https://doi.org/10.2307/2232670
• Deardorff, A.V. (1973). The Gains from Trade in and out of Steady State Growth. Oxford Economic Papers, 25(2), 173-191. https://doi.org/10.1093/oxfordjournals.oep.a041252
• Dritsakis, N. (2004). Tourism as a Long-Run Economic Growth Factor: An Empirical Investigation for Greece Using Causality Analysis. Tourism Economics 10, 305-316. https://doi.org/10.5367/0000000041895094
• Durbarry, R. (2004). Tourism and Economic Growth: The Case of Mauritius. Tourism Economics 10, 389-401. https://doi.org/10.5367/0000000042430962
• Dwyer, L., Forsyth, P., Spurr, R. (2004). Evaluating Tourism's Economic Effects: New and Old Approaches. Tourism Management 25, 307-317. https://doi.org/10.1016/S0261-5177(03)00131-6
• Eaton, J. (1987). A Dynamic Specific-Factors Model of International Trade. Review of Economic Studies 54, 325-338. https://doi.org/10.2307/2297521
• Fujita, M. Thisse, J.F. (2002). Economics of Agglomeration. Cambridge: Cambridge University Press. https://doi.org/10.1017/CBO9780511805660
• Gali, J., Monacelli, T. (2005). Monetary Policy and Exchange Rate Volatility in a Small Open Economy. Review of Economic Studies 72, 707-734. https://doi.org/10.1111/j.1467-937X.2005.00349.x
• Glaeser, E.L., Kolko, J., Saiz, A. (2001). Consumer City. Journal of Economic Geography 1, 27-50. https://doi.org/10.1093/jeg/1.1.27
• Hazari, B.R., Lin, J.J. (2011). Tourism, Terms of Trade and Welfare to the Poor. Theoretical Economics Letters 1, 28-32. https://doi.org/10.4236/tel.[phone]
• Ilzetzki, E., Mendoza, E.G., Vegh, G.A. (2013). How Big (Small?) Are Fiscal Multipliers? Journal of Monetary Economics, 60(2), 239-4. https://doi.org/10.1016/j.jmoneco.2012.10.011
• Katircioglu, S.T. (2009). Revisiting the Tourism-Led-Growth Hypothesis for Turkey Using the Bounds Test and Johansen Approach for Cointegration. Tourism Management, 31(1), 17-20. https://doi.org/10.1016/j.tourman.2008.04.004
• Lane, P.R. (2001). The New Open Economy Macroeconomics: A Survey. Journal of International Economics, 54, 235-266. https:// doi.org/10.1016/S0022-1996(00)00073-8
• Luzzi, G.F., Flückiger, Y. (2003). Tourism and International Trade: Introduction. Pacific Economic Review, 8, 239-243. https://doi.org/10.1111/j.1468-0106.2003.00224.x
• Obstfeld, M., Rogoff, K. (1996). Foundations of International Macroeconomics. Mass. Cambridge: MIT Press.
• Obstfeld, M., Rogoff, K. (1999). New Directions for Stochastic Open Economy Models. Journal of International Economics, 50, 117-153. https://doi.org/10.1016/S0022-1996(99)00034-3
• Oniki, H., Uzawa, H. (1965). Patterns of Trade and Investment in a Dynamic Model of International Trade. Review of Economic Studies, 32, 15-38. https://doi.org/10.2307/2296328
• Ridderstaat, J., Croes, R., Nijkamp, P. (2014). Tourism and Long-run Economic Growth in Aruba. International Journal of Tourism Research, 16 (5), 472-487. https://doi.org/10.1002/jtr.1941
• Ruffin, R.J. (1979). Growth and the Long-Run Theory of International Capital Movements. American Economic Review, 69, 832-842.
• Schubert, S.F., Brida, J.G. (2009). A Dynamic Model of Economic Growth in a Small Tourism Driven Economy. Munich Personal RePEc Archive.
• Sinclair, M.T., Stabler, M. (1997). The Economics of Tourism. London: Routledge. https://doi.org/10.4324/9780203195437
• Solow, R. (1956). A Contribution to the Theory of Growth. Quarterly Journal of Economics, 70, 65-94. https://doi.org/10.2307/1884513
• Sorger, G. (2002). On the Multi-Region Version of the Solow-Swan Model. The Japanese Economic Review, 54, 146-164. https://doi.org/10.1111/1468-5876.00251
• Uya, T., Yi, K.M., Zhang, J. (2013). Structural Change in an Open Economy. Journal of Monetary Economics, 60(September), 667-682. https://doi.org/10.1016/j.jmoneco.2013.06.002
• Zeng, D.Z., Zhu, X.W. (2011). Tourism and Industrial Agglomeration. The Japanese Economic Review, 62, 537-561. https://doi.org/10.1111/j.1468-5876.2010.00518.x
• Zhang, W.B. (1993). Woman's Labor Participation and Economic Growth - Creativity, Knowledge Utilization and Family Preference. Economics Letters, 42, 105-110. https://doi.org/10.1016/0165-1765(93)90181-B
• Zhang, W.B. (2007). A Multi-Region Model with Capital Accumulation and Endogenous Amenities. Environment and Planning A, 39, 2248-2270. https://doi.org/10.1068/a38393
• Zhang, W.B. (2012). Tourism and Economic Structure in a Small-Open Growth Model. Journal of Environmental Management and Tourism, 3(2), 76-92. https://doi.org/10.2478/v10260-012-0007-8
• Zhang, W.B. (2015). Tourism, Trade and Wealth Accumulation with Endogenous Income and Wealth Distribution among Countries. Ecoforum Journal of Economics, 4(1), 7-20.

Identyfikatory

DOI

10.2478/ers-2020-0028