Tourism and sustainability: the positive externality

Alessio Emanuele Biondo

International Journal of Sustainable Economy, 2012, vol. 4, issue 2, 155-166

Abstract: The environmental impact of touristic production is different from that of other productions. Touristic services are produced the same as every other private good by profit maximising firms, but part of the production itself consists of environmental improvements. The naturalistic resource is somehow the core of any given touristic service because it 'is' the touristic good itself. The main goal of this paper is to derive the optimal resource allocation while showing that touristic activities increase the environmental sustainability of the economic system because they internalise environmental care within private incentives for profit. Environmental care and the protection of nature emerge as an external consequence, which will generate the global environmental externality. This paper derives the optimal allocation of natural resources and provides a measure of the touristic externality.

Keywords: externalities; environmental sustainability; tourism; sustainable development; environmental impact; tourist services; sustainable economy; resource allocation; environmental protection; natural resources. (search for similar items in EconPapers)
Date: 2012
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.inderscience.com/link.php?id=46219 (text/html)
Access to full text is restricted to subscribers.

Related works:
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:ids:ijsuse:v:4:y:2012:i:2:p:155-166

Access Statistics for this article

More articles in International Journal of Sustainable Economy from Inderscience Enterprises Ltd
Bibliographic data for series maintained by Sarah Parker ().