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

Isabel Cortes Jimenez and Manuel Artís ()

No 158, Working Papers in Economics from Universitat de Barcelona. Espai de Recerca en Economia

Abstract: Tourism is one of the most important sectors in the global economy and is considered an efficient tool with which to promote economic growth. The case of Spain's economy is well known in this respect; in fact, widespread consensus exists on the part played by tourism in enhancing the industrialisation process in Spain and the part played by foreign currency receipts from tourism in financing the imports of capital goods, which made the expansion of manufacturing possible. This paper aims to assess the real role of foreign currency receipts from tourism in Spain 's economy from 1960 to the present. The results of Spain 's experience may well help to guide policy decisions in developing countries in similar circumstances.

JEL-codes: C22 N74 L83 O1 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-dev, nep-his and nep-tur
Date: 2006
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Working Paper: The role of the tourism sector in economic development - Lessons from the Spanish experience (2005)
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