Suchergebnisse

Tourism and trade / Pasquale M. Sgro -- A two-sector general equilibrium model of a small open economy / Pasquale M. Sgro -- Tourism, illegal migrants and resident welfare / Pasquale M. Sgro -- Tourism in the generalized Harris-Todaro model and regional immiserization / Pasquale M. Sgro -- Tourism, increasing returns and welfare / Pasquale M. Sgro -- Tourism and growth in a dynamic model of trade / Pasquale M. Sgro -- Optimal growth and tourism / Pasquale M. Sgro -- Competition for tourism in the OECD countries / Pasquale M. Sgro -- Non-traded goods and tourism in the pure theory of trade / Pasquale M. Sgro -- Tourism, taxes and immiserization in a two-country trade model / Pasquale M. Sgro -- Price discrimination, tourism and welfare / Pasquale M. Sgro -- Tourism, guest workers and resident immiserization / Pasquale M. Sgro

AbstractThe paper considers a two‐region model of trade based on the authors'earlier (HS) model, in which two nontraded goods, one urban and one rural, were introduced into the Harris‐Todaro model. The HS framework captures the duality of the labour market, and it is argued that the HS model is suited to the purpose of regional analysis where the urban and rural agents may be in conflict as their welfare (income) may not respond in an identical manner to exogenous shocks and policy changes. The paper examines the implications of a change in capital and the terms of trade on outputs and regional incomes. It is established that in response to a terms‐of‐trade shock the prices of urban and rural nontraded goods could move in opposite directions, so structural change could also be in opposite directions. The same could also be true of welfare in the two regions.

Abstract.  Tourism has been regarded as a major source of economic growth and a source of foreign exchange. It has also been viewed as an activity that imposes costs on the host country. Such costs include increased pollution, congestion and despoliation of fragile environments, and intra‐generational inequity aggravation. One aspect that has been ignored is the general equilibrium effects of tourism on other sectors in the economy. This paper presents a model that captures the interdependence between tourism and the rest of the economy, in particular agriculture and manufacturing. An important result obtained is that the tourist boom may 'immiserize' the residents.