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Economics of tourism & growth for small island countries

Stauvermann, P.J. and Kumar, Ronald R. (2016) Economics of tourism & growth for small island countries. Tourism Management, 55 . pp. 272-275. ISSN 0261-5177

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We theoretically analyze the impact of changes in foreign income from tourism source countries on the growth of tourism dependent small island economies. Using a general theoretical construct, we attempt to answer the question of how price elasticity of demand, income elasticity of tourist and the degree of competition in the service sector influence the economic development of small economies. One of the main results is that politicians may consider applying policies which lead to a competitive environment in the service sector to maximize growth and the consequent labor income share.

Item Type: Journal Article
Subjects: H Social Sciences > HC Economic History and Conditions
Divisions: Faculty of Business and Economics (FBE) > School of Accounting and Finance
Faculty of Business and Economics (FBE)
Depositing User: Ronald Kumar
Date Deposited: 06 Apr 2016 23:37
Last Modified: 06 Apr 2016 23:37

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