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on Tourism Economics |
| By: | Isabel Cortés-Jiménez |
| Abstract: | During the last years several papers provide empirical evidence of the importance of tourism in the economic growth, although always at country level. The main aim of this paper is to analyse the possible relevance of tourism for the regional economic growth in a convergence context. Not only international tourism is analysed but also domestic tourism. This article focuses on two of the most important countries worldwide in tourism terms: Spain and Italy. Some geographical location criteria are also taken into account. Regarding the methodology, Arellano and Bond (1991) estimator for dynamic panel data models and Bruno (2005) finite sample correction are applied. Results reveal that both domestic and international tourism have a significant and positive influence in the regional economic growth although each one appears as crucial in different cases. |
| Keywords: | economic growth, international tourism, domestic tourism, regions, Spain, Italy |
| JEL: | C5 R11 O40 |
| Date: | 2006 |
| URL: | http://d.repec.org/n?u=RePEc:cns:cnscwp:200607&r=tur |
| By: | John C. Whitehead; Peter A. Groothuis; Rob Southwick; Pat Foster-Turley |
| Abstract: | We estimate the economic values of Saginaw Bay coastal marshes with multiple methods. First we estimate the value of coastal marsh recreation with two variations of the travel cost method: the single-site recreation demand model and the recreation site selection or random utility model. Using the single site model the current level of day trip recreation in the Saginaw Bay coastal marsh area is valued at almost $16 million each year. The present value is $239 million. Using the site selection travel cost model, an increase in 1125 acres of coastal marsh is valued at about $94,000 annually. The present value is $1.83 million. Willingness to pay for recreation and other values of coastal marsh protection is estimated using the contingent valuation method. The annual value of protection of 1125 acres of coastal marsh is $113,000. The present value is $2.2 million. |
| Keywords: | Q51 |
| Date: | 2006 |
| URL: | http://d.repec.org/n?u=RePEc:apl:wpaper:06-10&r=tur |
| By: | Dennis Coates (Department of Economics, University of Maryland, Baltimore County); Craig A. Depken, II (Department of Economics, University of Texas at Arlington) |
| Abstract: | This paper estimates the total sales and sales tax revenue impacts on host communities of a variety of professional and collegiate sporting events. Using 126 jurisdictions from Texas, covering every month from January, 1990 through April of 2006, the analysis finds that regular season games in the NBA, NFL, NHL, and MLB have widely disparate effects. The NBA and NFL regular season games are net losers of revenue, NHL and MLB games generate additional revenue. Collegiate regular season football games are revenue generators for small cities and towns home to D-I and D-IAA football, but cities that are home to teams from the old Southwest Conference or the new Big 12 conference do not gain revenues from home contests. The Super Bowl generated over $2 million in tax revenues for Houston, by far the largest revenue boost of any of the events in our data. |
| Keywords: | tourism, economic impacts, special events |
| JEL: | L83 |
| Date: | 2006–06 |
| URL: | http://d.repec.org/n?u=RePEc:spe:wpaper:0606&r=tur |
| By: | Joaquín Alegre (Universitat de les Illes Balears); Maria Sard (Universitat de les Illes Balears) |
| Abstract: | In this paper we analyse the package tours prices from a sample of British and German tour operators. The offers correspond to one-week tourist packages in the Balearic Islands in a specific hotel establishment. The period studied comprises the 2002 and 2003 high seasons, what provides us with a dynamic perspective. The paper shows the existence of persistent differences in the mean prices from tour operators, as well as price distributions with different dispersion and shape among tour operators and markets. The time variation of these distributions seems to be linked to the market situation and structure. Although the paper is presented as an empirical investigation, the results can be interpreted in the context of theoretical literature on price dispersion. |
| Keywords: | price dispersion, tour operators’ industry |
| JEL: | L11 L83 |
| Date: | 2006–06 |
| URL: | http://d.repec.org/n?u=RePEc:ubi:deawps:19&r=tur |