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The Role of Innovation Activities in Tourism and Regional Growth in Europe

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  • Korres, George M.

Abstract

Tourism plays a crucial role for national economies throughout the world. In Europe, international tourism receipts were almost three times higher in the late 1990s than they were in the late 1980s. Tourism has great potential as regards contributing to the achievements of several major EU objectives, such as economic growth, employment, sustainable development and economic and social cohesion. The importance of innovation was long underestimated in service and tourism activities. Successful innovation, as for instance innovation that is also profitable to the tourism firm in a competitive market, must increase the value of the whole tourism product. The production and the dissemination of new technologies has been the subject of much research. This paper illustrates why technological innovation is considered as a major force in tourism industry. It also attempts to analyze the impact of technological innovation and the implications on regional growth of member states.

Suggested Citation

  • Korres, George M., 2007. "The Role of Innovation Activities in Tourism and Regional Growth in Europe," MPRA Paper 25380, University Library of Munich, Germany, revised 23 Jun 2007.
    • Handle: RePEc:pra:mprapa:25380
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    References listed on IDEAS

    as
    1. Enrico Santarelli, 1998. "Start-up size and post-entry performance: the case of tourism services in Italy," Applied Economics, Taylor & Francis Journals, vol. 30(2), pages 157-163, February.
    2. Abernathy, William J. & Clark, Kim B., 1985. "Innovation: Mapping the winds of creative destruction," Research Policy, Elsevier, vol. 14(1), pages 3-22, February.
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    Cited by:

    1. Maldonado, Mauricio & Noronha Vaz, Teresa, 2015. "Knowledge Spillovers Within The Algarve Tourism Region. Evidence To Identify A Regional Innovation System," Spatial and Organizational Dynamics Discussion Papers 2015-4, CIEO-Research Centre for Spatial and Organizational Dynamics, University of Algarve.
    2. Bano, Sadia & Liu, Lu & Khan, Anwar, 2022. "Dynamic influence of aging, industrial innovations, and ICT on tourism development and renewable energy consumption in BRICS economies," Renewable Energy, Elsevier, vol. 192(C), pages 431-442.
    3. Electra Pitoska, 2013. "Sustainability of the development in the mountain - disadvantaged areas: the case of Vlasti in Greece," ERSA conference papers ersa13p714, European Regional Science Association.

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    More about this item

    Keywords

    Tourism; innovation activities; competitiveness; regional growth;
    All these keywords.

    JEL classification:

    • O1 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development
    • M1 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration
    • L83 - Industrial Organization - - Industry Studies: Services - - - Sports; Gambling; Restaurants; Recreation; Tourism

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