IDEAS home Printed from https://ideas.repec.org/a/sae/toueco/v14y2008i4p727-749.html
   My bibliography  Save this article

The TALC Hypothesis and Economic Growth Theory

Author

Listed:
  • Javier Lozano

    (University of the Balearic Islands, IMEDEA-UIB of CSIC, Ed Jovellanos/UIB/Ctra Valldemossa km 7.5, 07122 Palma, Baleares, Spain)

  • Carlos M. Gómez

    (University of Alcalá de Henares, Pza de la Victoria 3, Alcalá de Henares, 28802 Madrid, Spain)

  • Javier Rey-Maquieira

    (University of the Balearic Islands, IMEDEA-UIB of CSIC, Palma, Baleares, Spain)

Abstract

The authors build a bridge between traditional analysis of the evolution of tourism destinations and economic growth theory. With this aim, they develop an environmental growth model for an economy specializing in tourism and derive the pattern of tourism development with numerical calculations. The results do not contradict the pattern of evolution implied in the tourism area life cycle hypothesis, with environmental deterioration and public goods congestion being the main reasons for the stagnation of the tourism destination. The authors also show the importance of the quality of private tourism services in the evolution of a tourism destination.

Suggested Citation

  • Javier Lozano & Carlos M. Gómez & Javier Rey-Maquieira, 2008. "The TALC Hypothesis and Economic Growth Theory," Tourism Economics, , vol. 14(4), pages 727-749, December.
    • Handle: RePEc:sae:toueco:v:14:y:2008:i:4:p:727-749
    DOI: 10.5367/000000008786440166
    as

    Download full text from publisher

    File URL: https://journals.sagepub.com/doi/10.5367/000000008786440166
    Download Restriction: no
    File URL: https://libkey.io/10.5367/000000008786440166?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Fabio Cerina, 2007. "Tourism Specialization and Environmental Sustainability in a Dynamic Economy," Tourism Economics, , vol. 13(4), pages 553-582, December.
    2. Rosen, Sherwin, 1974. "Hedonic Prices and Implicit Markets: Product Differentiation in Pure Competition," Journal of Political Economy, University of Chicago Press, vol. 82(1), pages 34-55, Jan.-Feb..
    3. Stokey, Nancy L, 1998. "Are There Limits to Growth?," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 39(1), pages 1-31, February.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Silvia London & Mara Leticia Rojas & Karen Natalí Candias, 2021. "Turismo sostenible: un modelo de crecimiento con recursos naturales," Ensayos de Economía 19348, Universidad Nacional de Colombia Sede Medellín.
    2. Portella-Carbó, Ferran & Pérez-Montiel, Jose & Ozcelebi, Oguzhan, 2023. "Tourism-led economic growth across the business cycle: Evidence from Europe (1995–2021)," Economic Analysis and Policy, Elsevier, vol. 78(C), pages 1241-1253.
    3. Hamaguchi, Yoshihiro, 2021. "Does the trade of aviation emission permits lead to tourism-led growth and sustainable tourism?," Transport Policy, Elsevier, vol. 105(C), pages 181-192.
    4. Theodore Panagiotidis & Maurizio Mussoni & Georgios Voucharas, 2023. "How Important is Tourism for Growth?," Working Paper series 23-13, Rimini Centre for Economic Analysis.
    5. Bruno Marques, 2024. "Tourism development: A capacity dynamic," Post-Print hal-04474031, HAL.

    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. Fabio Cerina, 2007. "Tourism Specialization and Environmental Sustainability in a Dynamic Economy," Tourism Economics, , vol. 13(4), pages 553-582, December.
    2. S. Giannoni & F. Cerina, 2008. "Pollution Adverse Tourists and Growth," Working Paper CRENoS 200822, Centre for North South Economic Research, University of Cagliari and Sassari, Sardinia.
    3. Simone Marsiglio, 2015. "Economic Growth and Environment: Tourism as a Trigger for Green Growth," Tourism Economics, , vol. 21(1), pages 183-204, February.
    4. Ritter, Matthias & Hüttel, Silke & Odening, Martin & Seifert, Stefan, 2020. "Revisiting the relationship between land price and parcel size in agriculture," Land Use Policy, Elsevier, vol. 97(C).
    5. Borissov, Kirill & Shakhnov, Kirill, 2011. "Sustainable growth in a model with dual-rate discounting," Economic Modelling, Elsevier, vol. 28(4), pages 2071-2074, July.
    6. Guilfoos, Todd & Walsh, Jason, 2023. "A hedonic study of New England dam removals," Ecological Economics, Elsevier, vol. 203(C).
    7. Rainer Andergassen & Guido Candela & Paolo Figini, 2017. "The management of tourism destinations," Tourism Economics, , vol. 23(1), pages 49-65, February.
    8. Kim, Dongsoo & Liu, Feng & Yezer, Anthony, 2009. "Do inter-city differences in intra-city wage differentials have any interesting implications?," Journal of Urban Economics, Elsevier, vol. 66(3), pages 203-209, November.
    9. Gautier, Pieter & van Vuuren, Aico & Siegmann, Arjen, 2007. "The Effect of the Theo van Gogh Murder on House Prices in Amsterdam," CEPR Discussion Papers 6175, C.E.P.R. Discussion Papers.
    10. Muñoz-Acevedo, Ángela & Grzybowski, Lukasz, 2023. "Impact of roaming regulation on revenues and prices of mobile operators in the EU," International Journal of Industrial Organization, Elsevier, vol. 89(C).
    11. Charlotte Ham & John B. Loomis & Patricia A. Champ, 2015. "Relative Economic Values of Open Space Provided by National Forest and Military Lands to Surrounding Communities," Growth and Change, Wiley Blackwell, vol. 46(1), pages 81-96, March.
    12. Luis Garicano & Thomas N. Hubbard, 2016. "The Returns to Knowledge Hierarchies," The Journal of Law, Economics, and Organization, Oxford University Press, vol. 32(4), pages 653-684.
    13. Brasington, D. M., 2003. "The supply of public school quality," Economics of Education Review, Elsevier, vol. 22(4), pages 367-377, August.
    14. Patrick Bayer & Fernando Ferreira & Robert McMillan, 2007. "A Unified Framework for Measuring Preferences for Schools and Neighborhoods," Journal of Political Economy, University of Chicago Press, vol. 115(4), pages 588-638, August.
    15. Trojanek, Radoslaw & Huderek-Glapska, Sonia, 2018. "Measuring the noise cost of aviation – The association between the Limited Use Area around Warsaw Chopin Airport and property values," Journal of Air Transport Management, Elsevier, vol. 67(C), pages 103-114.
    16. Graves, Philip E. & Marchand, James R. & Sexton, Robert L., 2002. "Hedonic wage equations for higher education faculty," Economics of Education Review, Elsevier, vol. 21(5), pages 491-496, October.
    17. Joseph B. Lipscomb & J. Brian Gray, 1995. "A Connection between Paired Data Analysis and Regression Analysis for Estimating Sales Adjustments," Journal of Real Estate Research, American Real Estate Society, vol. 10(2), pages 175-184.
    18. Stefan Sebastian Fahrländer, 2006. "Semiparametric Construction of Spatial Generalized Hedonic Models for Private Properties," Swiss Journal of Economics and Statistics (SJES), Swiss Society of Economics and Statistics (SSES), vol. 142(IV), pages 501-528, December.
    19. Diewert, Erwin & Shimizu, Chihiro, 2015. "Residential Property Price Indices For Tokyo," Macroeconomic Dynamics, Cambridge University Press, vol. 19(8), pages 1659-1714, December.
    20. James J. Heckman, 2019. "The Race Between Demand and Supply: Tinbergen’s Pioneering Studies of Earnings Inequality," De Economist, Springer, vol. 167(3), pages 243-258, September.

    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:sae:toueco:v:14:y:2008:i:4:p:727-749. 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: SAGE Publications (email available below). General contact details of provider: .

    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.