Economic Effects of the Use of Mineral Springs in Spas

Elenita Velikova and Ivo Anev
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Elenita Velikova: University of National and World Economy, Sofia, Bulgaria
Ivo Anev: University of National and World Economy, Sofia, Bulgaria

Ikonomiceski i Sotsialni Alternativi, 2018, issue 4, 60-77

Abstract: The present article provides a summary of part of the results obtained from a university re­search project titled “Economic Effects of the Use of Mineral Springs in Spa Tourism”. Mineral springs are a natural resource which could im­prove the quality of life for many people. Spa tourism is one of the most effective ways to use them because it has the potential to become a primary element of the way we vacation, choose tourist destinations and live. The article’s main goal is to present the developed model for deter­mining the value of mineral waters and thermal mineral waters, thus creating a quantitative ex­pression of the potential benefits from their use in spas, as well as the losses which result from their waste. The clarification of the nature and significance of mineral springs gives reasons to believe that, in addition to offering benefits for people’s health as a natural resource, they are also a valuable source of savings which can be achieved through the use of their thermal po­tential.

Keywords: tourism; spa; renewable resources; mineral springs (search for similar items in EconPapers)
JEL-codes: Q26 Z32 (search for similar items in EconPapers)
Date: 2018
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Persistent link: https://EconPapers.repec.org/RePEc:nwe:iisabg:y:2018:i:4:p:60-77

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