The role of the tourism sector in economic development - Lessons from the Spanish experience

Isabel Cortés-Jiménez () and Manuel Artís ()
Authors registered in the RePEc Author Service: Manuel Artís

ERSA conference papers from European Regional Science Association

Abstract: Tourism is one of the most important sectors in the world economy, and it is now considered as an efficient tool for promoting economic growth. In this respect, the experience of the Spanish economy is well known, and might be used to illustrate the benefits of the development of the tourism sector in lagging economies. Actually, there is wide consensus in the idea of its role in enhancing the Spanish industrialisation process. The foreign currency receipts from tourism contributed to finance the expansion of manufacturing by financing imports of capital goods. Moreover, the expansion of tourism in the last three decades has been unstoppable and beneficial for the economy in different aspects. The main purpose of this paper is to assess the real role of the tourism sector in the Spanish economy during the last three decades, paying especial attention to its contribution to the industrialisation of some of the less developed regions. Policy issues that are derived from the results for the Spanish experience should be useful for other developing countries in similar situations, and reveal how the tourist activity in those economies can benefit the overall economy, helping growth in other sectors.

Date: 2005-08
New Economics Papers: this item is included in nep-tur
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (5)

Downloads: (external link)
https://www-sre.wu.ac.at/ersa/ersaconfs/ersa05/papers/488.pdf (application/pdf)

Related works:
Working Paper: The role of the tourism sector in economic development. Lessons from the Spanish experience (2006)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:wiw:wiwrsa:ersa05p488

Access Statistics for this paper

More papers in ERSA conference papers from European Regional Science Association Welthandelsplatz 1, 1020 Vienna, Austria.
Bibliographic data for series maintained by Gunther Maier ().