INTERNATIONAL TOURISM: ITS COSTS AND BENEFITS TO HOST COUNTRIES

Chi-Chur Chao and Pasquale Sgro ()
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Chi-Chur Chao: Deakin University, Australia

Chapter 26 in Handbook of Tourism Economics:Analysis, New Applications and Case Studies, 2013, pp 605-618 from World Scientific Publishing Co. Pte. Ltd.

Abstract: AbstractAn expansion of inbound tourism increases the demand for locally produced non-traded goods and services, thereby raising the relative prices of them. In the short run, the increase in tourism can bring benefits in terms of raising tax revenues, increasing sectoral employment and improving environmental quality. Nonetheless, in the long run, costs for the increase in tourism may arise. A tourism boom can cause ‘Dutch Disease’ in lowering capital formation of the non-tourism sectors. Moreover, the expansion of tourism can reduce foreign reserves of the economy. Therefore, how to balance the short-run benefits versus long-run costs is of concern to policy makers in attracting international tourists to the economy.

Keywords: Accommodation and Tourism; China; Congestion and Tourism; Cost-Benefit Analysis of Tourism; Cruise Ship Tourism; Cultural and Heritage-Based Tourism; Demand for Touring; Economic Development and Tourism; Economic Impact Analysis of Tourism; Ecotourism; Educational Tourism; Environmental Conservation and Tourism; Ergodic Events and Tourism; Gambling and Tourism; Health and Tourism; India; Information Technology and Tourism; Infrastructure and Tourism; Inter-Industry Analysis of Tourism; International Tourism; Medical Tourism; National Parks and Tourism; Nature-Based Tourism; Pollution and Tourism; Protected Areas and Tourism; Public Finance and Tourism; Religious Tourism; Special Events and Tourism; Sustainable Tourism; Terrorism and Tourism; The Environment and Tourism; Theme Parks; Tourism; Tourism Economics; Tourism Industry; Tourism Satellite Accounts; Transport and Tourism; Travel; Travel Insurance; Vietnam (search for similar items in EconPapers)
Date: 2013
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