Specialisation versus diversification: A simple model for tourist cities

Li Sheng

Tourism Management, 2011, vol. 32, issue 5, 1229-1231

Abstract: By developing a simple general equilibrium structure, this paper compares the welfare effects of tourism specialisation and economic diversification in tourist cities. We discovered that tourist cities with limited carrying capacity easily suffer from side effects, particularly Dutch disease, when faced with rapid tourism growth. Therefore, such cities should actively use revenue that is generated from the booming tourism sector to pursue economic diversification for the sake of sustainable urban development.

Keywords: General equilibrium model; Specialisation; Diversification; Side effect (search for similar items in EconPapers)
Date: 2011
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Citations: View citations in EconPapers (7)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:touman:v:32:y:2011:i:5:p:1229-1231

DOI: 10.1016/j.tourman.2010.09.012

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