IDEAS home Printed from https://ideas.repec.org/p/fem/femwpa/2004.27.html
   My bibliography  Save this paper

Impact of Tourism Consumption on GDP. The Role of Imports

Author

Listed:
  • Raúl Hernández Martín

    (Department of Applied Economics, University of La Laguna)

Abstract

The aim of this paper is to analyse the effects of tourism consumption on imports. The basic idea is that conversion of tourism expenditure into value added and GP depends on the effect of the former on imports. Imports are leakages that reduce the economic impact of tourism in a destination and this seams to be especially important in the case of small islands. After finding some stylised facts about the evolution of tourism consumption and imports in the Canary Islands, the paper presents two different methodologies, Keynesian multipliers and input-output analysis. The Canary Islands are used as a case study for estimating the impact of consumption made by tourists on imports.

Suggested Citation

  • Raúl Hernández Martín, 2004. "Impact of Tourism Consumption on GDP. The Role of Imports," Working Papers 2004.27, Fondazione Eni Enrico Mattei.
    • Handle: RePEc:fem:femwpa:2004.27
    as

    Download full text from publisher

    File URL: https://feem-media.s3.eu-central-1.amazonaws.com/wp-content/uploads/NDL2004-027.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Larry Dwyer & Peter Forsyth & Ray Spurr, 2003. "Inter-Industry Effects of Tourism Growth: Implications for Destination Managers," Tourism Economics, , vol. 9(2), pages 117-132, June.
    2. Sef Baaijens & Peter Nijkamp & Kees Van Montfort, 1998. "Explanatory Meta-analysis for the Comparison and Transfer of Regional Tourist Income Multipliers," Regional Studies, Taylor & Francis Journals, vol. 32(9), pages 839-849.
    3. A. P. Thirlwall, 2007. "Regional Problems are "Balance-of-Payments" Problems," Regional Studies, Taylor & Francis Journals, vol. 41(sup1), pages 89-95.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Niccolò Comerio & Fernanda Strozzi, 2019. "Tourism and its economic impact: A literature review using bibliometric tools," Tourism Economics, , vol. 25(1), pages 109-131, February.
    2. A. P. Thirlwall, 2014. "Kaldor's 1970 Regional Growth Model Revisited," Scottish Journal of Political Economy, Scottish Economic Society, vol. 61(4), pages 341-347, September.
    3. Noriko Ishikawa & Mototsugu Fukushige, 2007. "Impacts of tourism and fiscal expenditure to remote islands: the case of the Amami islands in Japan," Applied Economics Letters, Taylor & Francis Journals, vol. 14(9), pages 661-666.
    4. Meiwei Tang & Shouzhong Ge, 2018. "Accounting for carbon emissions associated with tourism-related consumption," Tourism Economics, , vol. 24(5), pages 510-525, August.
    5. Vassilis Monastiriotis, 2011. "Regional Growth Dynamics in Central and Eastern Europe," Europe in Question Discussion Paper Series of the London School of Economics (LEQs) 3, London School of Economics / European Institute.
    6. Joaquín Murillo & Esther Vayà & Javier Romaní & Jordi Suriñach, 2013. "How Important to a City are Tourists and Day-Trippers? The Economic Impact of Tourism on the City of Barcelona," Tourism Economics, , vol. 19(4), pages 897-917, August.
    7. David Perrain & Philippe Jean-Pierre, 2019. "The smart destination strategy, a key factor for changes in vulnerable tourist destinations? [La stratégie de destination intelligente, facteur clé des mutations des destinations touristiques vulné," Post-Print hal-02144769, HAL.
    8. Jelena Petrović & Snežana Milićević & Lukrecija Djeri, 2017. "The information and communications technology as a factor of destination competitiveness in transition countries in European Union," Tourism Economics, , vol. 23(6), pages 1353-1361, September.
    9. Roberto Camagni, 2002. "On the Concept of Territorial Competitiveness: Sound or Misleading?," Urban Studies, Urban Studies Journal Limited, vol. 39(13), pages 2395-2411, December.
    10. Vitor Joao Pereira Domingues Martinho, 2011. "An Alternative Use of the Verdoorn Law at the Portuguese NUTs II Level," Papers 1110.5548, arXiv.org.
    11. Greiner, Romy & Stoeckl, Natalie & Schweigert, Roman, 2004. "Estimating community benefits from tourism: The case of Carpentaria Shire," 2004 Conference (48th), February 11-13, 2004, Melbourne, Australia 58455, Australian Agricultural and Resource Economics Society.
    12. Banerjee, Onil & Cicowiez, Martin & Gachot, Sébastien, 2015. "A quantitative framework for assessing public investment in tourism – An application to Haiti," Tourism Management, Elsevier, vol. 51(C), pages 157-173.
    13. Martinho, Vítor João Pereira Domingues, 2011. "A model of the Keynesian theory for the Portuguese manufactured industry," MPRA Paper 33632, University Library of Munich, Germany.
    14. Onil Banerjee & Martin Cicowiez & Adela Moreda, 2017. "Reconciliation Once and For All: Economic Impact Evaluation and Social Cost Benefit Analysis," CEDLAS, Working Papers 0207, CEDLAS, Universidad Nacional de La Plata.
    15. Martinho, Vítor João Pereira Domingues, 2011. "A model of the Keynesian theory for Portugal. Another approach," MPRA Paper 33629, University Library of Munich, Germany.
    16. Soukiazis, Elias & Antunes, Micaela, 2011. "Is foreign trade important for regional growth? Empirical evidence from Portugal," Economic Modelling, Elsevier, vol. 28(3), pages 1363-1373, May.
    17. Lecca, Patrizio & McGregor, Peter G. & Swales, J. Kim, 2013. "Forward-looking and myopic regional Computable General Equilibrium models: How significant is the distinction?," Economic Modelling, Elsevier, vol. 31(C), pages 160-176.
    18. Salvatore D'Acunto & Sergio Destefanis & Marco Musella, 2004. "Exports, Supply Constraints and Growth: An Investigation using Regional Data," International Review of Applied Economics, Taylor & Francis Journals, vol. 18(2), pages 167-189.
    19. Jennifer Zelmer, 2003. "Linear Public Goods Experiments: A Meta-Analysis," Experimental Economics, Springer;Economic Science Association, vol. 6(3), pages 299-310, November.
    20. Martinho, Vítor João Pereira Domingues, 2011. "The Economic Theory and the Portuguese Manufactured Industry," EconStor Preprints 51350, ZBW - Leibniz Information Centre for Economics.

    More about this item

    Keywords

    Economic impact; Imports; Keynesian multiplier; Input-output model; Canary Islands;
    All these keywords.

    JEL classification:

    • L83 - Industrial Organization - - Industry Studies: Services - - - Sports; Gambling; Restaurants; Recreation; Tourism
    • F10 - International Economics - - Trade - - - General
    • R15 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Econometric and Input-Output Models; Other Methods

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:fem:femwpa:2004.27. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Alberto Prina Cerai (email available below). General contact details of provider: https://edirc.repec.org/data/feemmit.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.