The Economics of Tourism

by Mike J Stabler; UNIVERSITY REA

• ISBN13: 9780415459396
• ISBN10: 0415459397
• Edition: 1st
• Format: Nonspecific Binding
• Copyright: 2010-01-22
• Publisher: Routledge

Summary

This new edition of The Economics of Tourismreflects the tremendous changes that have occurred in the tourism sector in the last twelve years. It recognizes that the nature of tourism demand and supply is being transformed by innovations in information communication technologies, market liberalization and climate change. Paralleling this, there is much greater interest in the study of tourism by both students and researchers in mainstream economics. The text is now in four parts covering: demand; supply; national, regional and international matters and environmental issues. The concluding chapter appraises the state of the economic research into tourism. The increased interest in tourism has engendered the development of new methods of analysis and the refinement of established ones. Accordingly, the book has been extensively restructured, revised and expanded with two new chapters: chapter six of the first edition is now broken down into two and a new chapter has been added on environmental issues to take account of new developments, critically review the associated literature and consider future trends in tourism economics research. The reader-friendliness of the book has also been enhanced in various ways, such as the extensive chapter cross-referencing to refresh the reader's memory and the inclusion of a detailed list of abbreviations. The Economics of Tourismwill continue to make accessible for the non-specialist, the application and relevance of economics to tourism. Extensively revised and updated, including research and case studies the textbook will be an indispensable resource for both students and researchers.

Author Biography

Mike J. Stabler is Senior Fellow at the University of Reading; his principal research has been on the environmental impacts of economic activity focusing on the tourism sector, published in journals and books. He was joint author of the original edition of this book. Andreas Papatheodorou is Assistant Professor at the University of the Aegean, Greece, and Honorary Research Fellow at the Nottingham University Business School, UK. His tourism research focuses on competition pricing and corporate strategy in air transport, cruising and travel distribution and has been published in international academic journals. Prior to her death in 2006, Professor M. Thea Sinclair was Director of the Tourism and Travel Research Institute (TTRI) in the Business School of the University of Nottingham.

Table of Contents

List of figures and tables	p. xi
Author profiles	p. xiii
Preface to the first edition	p. xvi
Preface to the second edition	p. xvii
Foreword	p. xx
Acknowledgements	p. xxii
Abbreviations, Acronyms and Glossary of Terms	p. xxiv
Introduction and demand theory in tourism	p. 1
The scope and content of the economics of tourism	p. 3
Introduction	p. 3
The state of analysis of tourism	p. 4
The content and scope of the economics of tourism	p. 14
The structure of the book	p. 20
Microeconomic foundations of tourism demand	p. 22
Introduction	p. 22
Optimal choice in tourism demand	p. 24
The social context of tourism decision-making	p. 39
Conclusions	p. 44
Empirical studies of tourism demand	p. 45
Introduction	p. 45
The single equation approach to estimating tourism demand	p. 46
The systems of equations models of tourism demand	p. 61
Forecasting tourism demand	p. 68
The characteristics framework revisited	p. 71
Conclusions	p. 74
The economics of tourism supply	p. 77
Microeconomic foundations of tourism supply	p. 79
Introduction	p. 79
The industrial economics background	p. 81
The structure-conduct-performance (SCP) paradigm	p. 91
Game theory and tourism	p. 129
Conclusions	p. 138
The economic profile and characteristics of the tourism sectors	p. 140
Introduction	p. 140
The transport sector	p. 141
The accommodation sector	p. 166
The intermediary sector	p. 175
Tourism attractions	p. 186
Conclusions	p. 193
The economics of tourism at a national, regional and international level	p. 197
Tourism in a national and regional context	p. 199
Introduction	p. 199
The size of the tourism sector	p. 200
The economic impact of tourism	p. 205
Growth	p. 219
Tourism and economic transformation	p. 230
Conclusions	p. 235
Tourism in an international context	p. 237
Introduction	p. 237
Explanations of trade and tourism	p. 238
Globalization and transnational corporations in tourism	p. 250
Strategic tourism policy, protectionism and Gats	p. 258
Conclusions	p. 262
The economics of environmental issues in tourism and an appraisal of the economic analysis of tourism	p. 265
Global environmental issues and tourism	p. 267
Background	p. 267
The environment and its role	p. 269
The relevance of the concept of globalization to environmental issues	p. 272
Global environmental issues	p. 273
Tourism and global environmental challenges	p. 276
Solutions to global environmental problems	p. 277
The environmental implications of international tourism	p. 278
Global environmental issues, international trade and tourism	p. 287
Sustainability	p. 295
Sustainability and tourism	p. 302
Conclusions on the state of the analysis of sustainable tourism	p. 308
Final observations on global environmental issues and tourism	p. 309
The analysis of tourism environmental issues at the local level	p. 311
The content and scope of environmental and ecological Economics	p. 311
The context of the microeconomic analysis of environmental issues	p. 315
Capital appraisal frameworks	p. 322
Cost-benefit analysis and its variants	p. 323
Cost-benefit analysis: its scope and content	p. 326
A critique of cost-benefit analysis	p. 333
Tourism development and cost-benefit analysis	p. 334
Market valuation of resources and market failure	p. 335
Resources use and conservation	p. 347
Tourism and the use of non-renewable and renewable resources	p. 353
Case studies of tourism's performance in the use of renewable resources	p. 362
Some wider implications of studies of tourism's use of renewable resources	p. 366
A postscript on the economics of environmental issues relating to the use of resources in tourism destinations	p. 369
Conclusions	p. 370
The valuation of resources and environmental policy instruments	p. 372
Introduction	p. 372
The valuation of resources	p. 373
The total economic value of resources	p. 376
Valuation methods	p. 380
Other methods of valuation	p. 395
A concluding overview of the application to tourism of the main methods of valuing non-priced resources	p. 399
Achieving environmental targets: policy instruments	p. 401
Priced-based instruments	p. 402
Non-monetary instruments: regulation and standards	p. 411
Some general observations on policy instruments	p. 413
Environmental policy instruments in the context of tourism	p. 414
An overall appraisal of the application of environmental economics to tourism	p. 419
Whither the economics of tourism?	p. 423
Background	p. 423
Perceptions of tourism economics research	p. 424
An overall appraisal of the current state of tourism economics research	p. 433
The wider context of the economic analysis of tourism	p. 435
The future direction of research on tourism	p. 437
The future direction of economics tourism research	p. 441
Postscript	p. 443
References	p. 445
Index	p. 497
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