Economics of tourism & growth for small island countries

Stauvermann, Peter Josef & Kumar, Ronald Ravinesh (2016) Economics of tourism & growth for small island countries. Tourism Management, 55(C), pp. 272-275.

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Abstract

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.

Impact and interest:

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1 citations in Web of Science®

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ID Code: 93717
Item Type: Journal Article
Refereed: Yes
DOI: 10.1016/j.tourman.2016.02.020
ISSN: 0261-5177
Subjects: Australian and New Zealand Standard Research Classification > ECONOMICS (140000) > Economic Theory (140100) > Macroeconomic Theory (140102)
Australian and New Zealand Standard Research Classification > ECONOMICS (140000) > Economic Theory (140100) > Mathematical Economics (140103)
Australian and New Zealand Standard Research Classification > ECONOMICS (140000) > Economic Theory (140100) > Microeconomic Theory (140104)
Australian and New Zealand Standard Research Classification > ECONOMICS (140000) > Economic Theory (140100) > Economic Theory not elsewhere classified (140199)
Divisions: Current > QUT Faculties and Divisions > QUT Business School
Current > Schools > School of Economics & Finance
Deposited On: 15 Mar 2016 04:38
Last Modified: 16 Mar 2016 00:16

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