Economic cycles, asymmetric crises and tourism competitiveness: emerging versus mature destinations

Jose Perles-ribes () and Ana Ramón-rodríguez ()
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Jose Perles-ribes: Department of Applied Economic Analysis, University of Alicante
Ana Ramón-rodríguez: Department of Applied Economic Analysis, University of Alicante
Authors registered in the RePEc Author Service: José Francisco Perles Ribes

Economics Bulletin, 2013, vol. 33, issue 3, 2080-2097

Abstract: This paper considers the influence of business cycles and economic crises on tourism destinations competitiveness. This competitiveness is measured by its share in world tourism. Analysing a period of forty years, the differential permanent or temporary effects that economic crises has on competitiveness of mature and emerging destinations are observed. Furthermore, it identifies the economic transmission mechanisms operating within this context, analysing them using the framework of the most relevant explanatory models of tourism destination competitiveness. The preliminary results obtained suggest that the effects of these shocks on competitiveness are not neutral. In mature destinations the negative effects are more persistent in highly intensive crises. In emerging destinations with a growing natural trend on tourism demand, the effects of the economic crises are softer and limited, reinforcing the process of convergence between destinations. This effect works through two basic transmission mechanisms: the reduction of internal and external tourism demand and the decrease on investment.

Keywords: Economic crisis; tourism destination competitiveness; permanent shocks; economics transmission mechanisms; emerging and mature destinations. (search for similar items in EconPapers)
JEL-codes: F4 L8 (search for similar items in EconPapers)
Date: 2013-08-14
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