Environmental Quality and Optimal Investment in Tourism Infrastructures: A Small Island Perspective
Sauveur Giannoni () and
Marie-Antoinette Maupertuis
Tourism Economics, 2007, vol. 13, issue 4, 499-513
Abstract:
As tourism is becoming one of the most important sectors of the world economy, the number of small islands trying to develop a competitive tourist activity is increasing and this strategy appears as growth enhancing. In most cases, it relies on the environmental quality of the destination, but also on lodging infrastructures and related services that tourists deserve in order to enjoy a good experience. This paper explores the intertemporal trade-off between investments and environmental quality preservation needed to ensure tourism profitability in the long run. It highlights the possible cyclical evolution of environmental quality, tourist infrastructures, investments and visitor numbers, considering both the central planner and the market solutions.
Keywords: tourism infrastructure; environmental quality; destination life cycle; islands (search for similar items in EconPapers)
Date: 2007
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Citations: View citations in EconPapers (11)
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Working Paper: Environmental quality and optimal investment in tourism infrastructures: a small island perspective (2007)
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Persistent link: https://EconPapers.repec.org/RePEc:sae:toueco:v:13:y:2007:i:4:p:499-513
DOI: 10.5367/000000007782696014
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