Spatial impacts assessment of tourism and territorial capital: A modelling study on regional development in Europe

João Romão, Peter Nijkamp
  • August 2018, Wiley
  • DOI: 10.1002/jtr.2234

Impact of tourism on economic growth

Photo by Cris Saur on Unsplash

Photo by Cris Saur on Unsplash

What is it about?

Economic growth, tourism dynamics, and territorial capital in European regions are analysed during a period comprising a first stage of economic growth, negative impacts of the crisis of 2008, and recovery. A spatial econometric model inspired by the endogenous growth approach shows positive spatial spillovers, convergence between regions, positive impacts on growth from innovation‐related characteristics, and gross value added by tourism, whereas no relevant impacts from tourism demand or employment and a negative correlation with the endowment in natural resources are found.

Why is it important?

We identify in which contexts tourism dynamics can offer significant economic benefits for the host communities. Increasing tourism demand does not necessarily ensure economic growth.

Perspectives

Dr. João Romão

We used an evolutionary economic geography conceptualisation to frame the discussion. Aspects related to specialisation patterns, relatedness and smart specialisation strategies are discussed.

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http://dx.doi.org/10.1002/jtr.2234

The following have contributed to this page: Dr. João Romão