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Avoiding the Dutch Disease in tourism‑led economies: reconciling tourism development and sectoral diversification
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Autores
Orientador(es)
Resumo(s)
Although tourism has produced long-term growth and progress, the economic consequences of this economic specialisation, which is summarised by the paradoxical
effect known as the Dutch Disease, alongside the worst financial performance in
tourism-led economies as a result of the COVID-19 pandemic, indicate the need for
diversification in such economies. Previous research has overwhelmingly shown that
tourism development results in decreases in traditional exports, overdevelopment of
services and marginalises the weight of industry in the economy. Using a theoretical
dynamic general equilibrium model, this article demonstrates that the Dutch Disease
can be avoided in tourism-led economies, precisely owing to tourism specialisation,
and non-tourism development is possible. More importantly, non-tourism development can be achieved by simultaneously enhancing the quality of tourism-based
activities to increase international competitiveness.
Descrição
Palavras-chave
General equilibrium theory Economic growth Dutch Disease Economic diversification Tourism-led economies Economic development
Contexto Educativo
Citação
Inchausti‑Sintes, Federico (2024). "Avoiding the Dutch Disease in tourism‑led economies: reconciling tourism development and sectoral diversification". Portuguese Economic Journal, 23(2):39-62
Editora
Springer