EconPapers    
Economics at your fingertips  
 

Economic Policy, Tourism Trade and Productive Diversification

Iza Lejárraga and Peter Walkenhorst

Working Papers from CEPII research center

Abstract: Over the past two decades, tourism exports have been a major driver of economic growth in many emerging and developing countries. Yet, increased tourism revenues do not automatically translate into structural transformation and broad-based economic development. Drawing on cross-sectional data, this paper gauges the extent to which tourism has contributed to economic diversification in a large sample of developing countries. An econometric model is used to assess the relative importance of a country’s natural endowments, level of development, institutional maturity, business environment, and trade regulations in explaining cross-country differences in linkages between tourism and the general economy. The central findings contain encouraging lessons for developing countries: domains that are more amenable to policy interventions in the short term, such as the business environment or trade regulations, matter most in fostering productive linkages between tourism and the general economy. In contrast, fixed factors, such as land availability, or longer-terms goals, such as advances in the level of development, have less influence.

Keywords: Tourism linkages; economic development; business enviroment (search for similar items in EconPapers)
JEL-codes: F14 L83 O24 (search for similar items in EconPapers)
Date: 2013-02
New Economics Papers: this item is included in nep-tur
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (4) Track citations by RSS feed

Downloads: (external link)
http://www.cepii.fr/PDF_PUB/wp/2013/wp2013-07.pdf (application/pdf)

Related works:
Journal Article: Economic policy, tourism trade and productive diversification (2013) Downloads
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:cii:cepidt:2013-07

Access Statistics for this paper

More papers in Working Papers from CEPII research center Contact information at EDIRC.
Bibliographic data for series maintained by ().

 
Page updated 2021-05-27
Handle: RePEc:cii:cepidt:2013-07