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The Economics of Tourism
Tourism is a major global industry and continues to expand at a rapid rate. This two-volume collection of key published articles provides a comprehensive and much needed overview of the economics of tourism. Many of these articles are not readily available as they have been published in a range of non-economics journals. This reflects partly the presence of specialised journals devoted to tourism and partly the interdisciplinary nature of the subject. The editor has prepared an authoritative introduction, which not only presents an overview of the contents of each volume, introducing the subject to a wider non-specialist audience, but also provides insights and critical comments.
More Information
Critical Acclaim
Contributors
Contents
More Information
Tourism is a major global industry and continues to expand at a rapid rate. This two-volume collection of key published articles provides a comprehensive and much needed overview of the economics of tourism. Many of these articles are not readily available as they have been published in a range of non-economics journals. This reflects partly the presence of specialised journals devoted to tourism and partly the interdisciplinary nature of the subject. The editor has prepared an authoritative introduction, which not only presents an overview of the contents of each volume, introducing the subject to a wider non-specialist audience, but also provides insights and critical comments.
The first volume concentrates on the basic economics of tourism. It covers the nature and role of tourism economics, determinants of tourism demand and the forecasting of such demand, supply-side aspects of tourism including industrial organization and issues in managerial economics, and public finance and public economics in relation to tourism. The second volume examines wider matters such as impact analyses of tourism, international tourism, tourism in developing countries and its role in economic development, and sustainability and environmental aspects of tourism.
This book is a valuable reference for researchers, students and policymakers interested in tourism economics and tourism management, as well as non-specialists seeking an introduction to the subject.
The first volume concentrates on the basic economics of tourism. It covers the nature and role of tourism economics, determinants of tourism demand and the forecasting of such demand, supply-side aspects of tourism including industrial organization and issues in managerial economics, and public finance and public economics in relation to tourism. The second volume examines wider matters such as impact analyses of tourism, international tourism, tourism in developing countries and its role in economic development, and sustainability and environmental aspects of tourism.
This book is a valuable reference for researchers, students and policymakers interested in tourism economics and tourism management, as well as non-specialists seeking an introduction to the subject.
Critical Acclaim
‘Tisdell’s collection provides a panoramic view of tourism economics as it existed up to about 1998. Economists as well as other social scientists, tourism managers, policymakers, entrepreneurs, consultants, and students will find the collection valuable . . . This two-volume set is unprecedented in tourism economics and, perhaps, in tourism studies . . . Tisdell has given substantial thought to the collection and ordering of the papers included. This thought is made manifest in superb introductory essays by Tisdell for each volume. Each is an exegesis for the writings – comparing, contrasting, analyzing, and synthesizing the divers view points of so many authors who, if laid end-to-end, could never reach a conclusion . . . the range of insights, examples, models, methods, and theories covered make this a "must-by" for any tourism research library.’
– Stephen Smith, Annals of Tourism Research
‘To sum up the two volumes as a whole, there has clearly been much work involved in assembling this extensive compilation of articles on tourism economics.’
– Harry Clarke, Economic Record
‘The literature on the economics of tourism has appeared in a wide variety of sources, and so it has been difficult for a researcher new to the area to quickly gain an overview of the field. Professor Tisdell has done an excellent job of bringing together the most important work in the area and putting it in context. This collection should be useful to both students and researchers. It may even stimulate me to do some more work in the area.’
– Brian Copeland, University of British Columbia, Canada
‘. . . I think this to be first rate and it will make a substantial contribution to the literature. . .’
– William Theobald, Purdue University, US
‘. . . I enjoyed reading the review and overview chapters. I am convinced that the collection of contributions will be most useful in teaching and classroom discussion. Many journals are (in vain) looking for comprehensive review articles of this kind.’
– Josef A. Mazanec, Vienna University of Economics and Business Administration, Austria
– Stephen Smith, Annals of Tourism Research
‘To sum up the two volumes as a whole, there has clearly been much work involved in assembling this extensive compilation of articles on tourism economics.’
– Harry Clarke, Economic Record
‘The literature on the economics of tourism has appeared in a wide variety of sources, and so it has been difficult for a researcher new to the area to quickly gain an overview of the field. Professor Tisdell has done an excellent job of bringing together the most important work in the area and putting it in context. This collection should be useful to both students and researchers. It may even stimulate me to do some more work in the area.’
– Brian Copeland, University of British Columbia, Canada
‘. . . I think this to be first rate and it will make a substantial contribution to the literature. . .’
– William Theobald, Purdue University, US
‘. . . I enjoyed reading the review and overview chapters. I am convinced that the collection of contributions will be most useful in teaching and classroom discussion. Many journals are (in vain) looking for comprehensive review articles of this kind.’
– Josef A. Mazanec, Vienna University of Economics and Business Administration, Austria
Contributors
77 articles, dating from 1977 to 1998
Contributors include: B. Archer, J. Diamond, J.H. Dunning, L. Dwyer, H.P. Gray, J. Mak, C.A. Martin, M.T. Sinclair, S.R.C. Wanhill, S.F. Witt
Contributors include: B. Archer, J. Diamond, J.H. Dunning, L. Dwyer, H.P. Gray, J. Mak, C.A. Martin, M.T. Sinclair, S.R.C. Wanhill, S.F. Witt
Contents
Contents:
Acknowledgements • Introduction
Preface Clem Tisdell
Volume I:
Part I The Nature of Tourism Economics
1. H. Peter Gray (1982), ‘The Contributions of Economics to Tourism’
2. Alberto Sessa (1984), ‘Comments on Peter Gray’s “The Contributions of Economics to Tourism”’
3. H. Peter Gray (1984), ‘Tourism Theory and Practice: A Reply to Alberto Sessa’
4. William R. Eadington and Milton Redman (1991), ‘Economics and Tourism’
Part II Tourism Demand and its Forecast
5. Muzaffer Uysal and John L. Crompton (1985), ‘An Overview of Approaches Used to Forecast Tourism Demand’
6. Brian Archer (1987), ‘Demand Forecasting and Estimation’
7. Peter C. Yesawich (1984), ‘A Market-Based Approach to Forecasting’
8. Christine A. Martin and Stephen F. Witt (1987), ‘Tourism Demand Forecasting Models: Choice of Appropriate Variable to Represent Tourists’ Cost of Living’
9. Christine A. Martin and Stephen F. Witt (1989), ‘Accuracy of Econometric Forecasts of Tourism’
10. Ann Clewer, Alan Pack and M. Thea Sinclair (1990), ‘Forecasting Models for Tourism Demand in City Dominated and Coastal Areas’
11. Egon Smeral, Stephen F. Witt and Christine A. Witt (1992), ‘Econometric Forecasts: Tourism Trends to 2000’
12. Stephen F. Witt and Christine A. Witt (1995), ‘Forecasting Tourism Demand: A Review of Empirical Research’
13. Theodore C. Syriopoulos and M. Thea Sinclair (1993), ‘An Econometric Study of Tourism Demand: The AIDS Model of US and European Tourism in Mediterranean Countries’
14. Geoffrey I. Crouch (1994), ‘The Study of International Tourism Demand: A Survey of Practice’
15. Geoffrey I. Crouch (1994), ‘The Study of International Tourism Demand: A Review of Findings’
16. Theodore C. Syriopoulos (1995), ‘A Dynamic Model of Demand for Mediterranean Tourism’
17. Geoffrey I. Crouch (1995), ‘A Meta-Analysis of Tourism Demand’
18. Martin Oppermann (1995), ‘Travel Life Cycle’
Part III Supply-Side Aspects of Tourism: Industrial Organization and Issues in Managerial Economics
19. John H. Dunning and Matthew McQueen (1982), ‘Multinational Corporations in the International Hotel Industry’
20. Mike McVey (1986), ‘International Hotel Chains in Europe: Survey of Expansion Plans as Europe is “Rediscovered”’
21. Frank Go (1989), ‘International Hotel Industry – Capitalizing on Change’
22. Tom Baum and Ram Mudambi (1995), ‘An Empirical Analysis of Oligopolistic Hotel Pricing’
23. Pauline J. Sheldon (1986), ‘The Tour Operator Industry: An Analysis’
24. Pauline Sheldon (1983), ‘The Impact of Technology on the Hotel Industry’
25. Stephen L.J. Smith (1994), ‘The Tourism Product’
26. Richard Kotas (1982), ‘The European Hotel: Methodology for Analysis of Financial Operations and Identification of Appropriate Business Strategy’
27. Paul Beals and David A. Troy (1982), ‘Hotel Feasibility Analysis, Part I’
28. Avner Arbel and S. Abraham Ravid (1983), ‘An Industry Energy Price Impact Model: The Case of the Hotel Industry’
Part IV Public Finance, Public Economics and Tourism
29. James Mak and Edward Nishimura (1979), ‘The Economics of a Hotel Room Tax’
30. Howard L. Hughes (1981), ‘A Tourism Tax – The Cases For and Against’
31. Mary Fish (1982), ‘Taxing International Tourism in West Africa’
32. Rae Weston (1983), ‘The Ubiquity of Room Taxes’
33. Edwin Fujii, Mohammed Khaled and James Mak (1985), ‘The Exportability of Hotel Occupancy and Other Tourist Taxes’
34. Stephen J. Hiemstra and Joseph A. Ismail (1993), ‘Incidence of the Impacts of Room Taxes on the Lodging Industry’
35. Stephen R.C. Wanhill (1986), ‘Which Investment Incentives for Tourism?’
36. David Airey (1983), ‘European Government Approaches to Tourism’
37. Keith Hartley and Nicholas Hooper (1992), ‘Tourism Policy: Market Failure and Public Choice’
Name Index
Volume II:
Part I Impact Analyses of Tourism
1. Brian H. Archer (1982), ‘The Value of Multipliers and their Policy Implications’
2. Douglas C. Frechtling (1987), ‘Assessing the Impacts of Travel and Tourism – Measuring Economic Benefits’
3. Douglas C. Frechtling (1987), ‘Assessing the Impacts of Travel and Tourism – Measuring Economic Costs’
4. John Board, Thea Sinclair and Charles Sutcliffe (1987), ‘A Portfolio Approach to Regional Tourism’
5. M. Thea Sinclair and Charles Sutcliffe (1988), ‘The Estimation of Keynesian Income Multipliers at the Sub-National Level’
6. B. H. Archer (1989), ‘Tourism and Island Economies: Impact Analyses’
7. John E. Fletcher (1989), ‘Input-Output Analysis and Tourism Impact Studies’
8. Toh Mun Heng and Linda Low (1990), ‘Economic Impact of Tourism in Singapore’
9. Helen Briassoulis (1991), ‘Methodological Issues: Tourism Input-Output Analysis’
10. Rebecca L. Johnston and Eric Moore (1993), ‘Tourism Impact Estimation’
11. Guy R. West (1993), ‘Economic Significance of Tourism in Queensland’
12. Percy Harris and David Harris (1994), ‘The Structural Dynamics of Aggregate Production: A Challenge to Tourism Research’
13. Deying Zhou, John F. Yanagida, Ujjayant Chakravorty and PingSun Leung (1997), ‘Estimating Economic Impacts from Tourism’
Part II International Tourism
14. Bernard Ascher (1984), ‘Obstacles to International Travel and Tourism’
15. Kenneth J. White (1985), ‘An International Travel Demand Model: US Travel to Western Europe’
16. Stephen F. Witt and Christine A. Martin (1987), ‘Econometric Models for Forecasting International Tourism Demand’
17. Geoffrey I. Crouch (1992), ‘Effect of Income and Price on International Tourism’
18. Clive L. Morley (1992), ‘A Microeconomic Theory of International Tourism Demand’
19. M. Thea Sinclair and Asrat Tsegaye (1990), ‘International Tourism and Export Instability’
20. Brian R. Copeland (1991), ‘Tourism, Welfare and De-industrialization in a Small Open Economy’
21. Larry Dwyer and Peter Forsyth (1993), ‘Assessing the Benefits and Costs of Inbound Tourism’
22. Larry Dwyer and Peter Forsyth (1993), ‘Government Support for Inbound Tourism Promotion: Some Neglected Issues’
23. Harry R. Clarke and Yew-Kwang Ng (1993), ‘Tourism, Economic Welfare and Efficient Pricing’
Part III Tourism in Developing Countries and in Economic Development
24. Stephen G. Britton (1982), ‘The Political Economy of Tourism in the Third World’
25. C.L. Jenkins and B.M. Henry (1982), ‘Government Involvement in Tourism in Developing Countries’
26. Peter U.C. Dieke (1995), ‘Tourism and Structural Adjustment Programmes in the African Economy’
27. J. Diamond (1977), ‘Tourism’s Role in Economic Development: The Case Reexamined’
28. Nelson C. Modeste (1995), ‘The Impact of Growth in the Tourism Sector on Economic Development: The Experience of Selected Caribbean Countries’
29. John Brohman (1996), ‘New Directions in Tourism for Third World Development’
30. Timothy J. Forsyth (1995), ‘Tourism and Agricultural Development in Thailand’
Part IV Sustainability and Environmental Aspects of Tourism
31. John J. Pigram (1980), ‘Environmental Implications of Tourism Development’
32. R.W. Butler (1980), ‘The Concept of a Tourist Area Cycle of Evolution: Implications for Management of Resources’
33. Pamela A. Wight (1993), ‘Sustainable Ecotourism: Balancing Economic, Environmental and Social Goals within an Ethical Framework’
34. Katrina Brown, R. Kerry Turner, Hala Hameed and Ian Bateman (1997), ‘Environmental Carrying Capacity and Tourism Development in the Maldives and Nepal’
35. Kreg Lindberg, Stephen McCool and George Stankey (1997), ‘Rethinking Carrying Capacity’
36. S.R.C. Wanhill (1980), ‘Charging for Congestion at Tourist Attractions’
37. Sally Driml and Mick Common (1995), ‘Economic and Financial Benefits of Tourism in Major Protected Areas’
38. Clem Tisdell and Jie Wen (1997), ‘Why Care is Needed in Applying Indicators of the Sustainability of Tourism’
39. R. Elwyn Owen, Stephen F. Witt and Susan Gammon (1993), ‘Sustainable Tourism Development in Wales: From Theory to Practice’
40. Brian Archer and Chris Cooper (1998), ‘The Positive and Negative Impacts of Tourism’
Name Index
Acknowledgements • Introduction
Preface Clem Tisdell
Volume I:
Part I The Nature of Tourism Economics
1. H. Peter Gray (1982), ‘The Contributions of Economics to Tourism’
2. Alberto Sessa (1984), ‘Comments on Peter Gray’s “The Contributions of Economics to Tourism”’
3. H. Peter Gray (1984), ‘Tourism Theory and Practice: A Reply to Alberto Sessa’
4. William R. Eadington and Milton Redman (1991), ‘Economics and Tourism’
Part II Tourism Demand and its Forecast
5. Muzaffer Uysal and John L. Crompton (1985), ‘An Overview of Approaches Used to Forecast Tourism Demand’
6. Brian Archer (1987), ‘Demand Forecasting and Estimation’
7. Peter C. Yesawich (1984), ‘A Market-Based Approach to Forecasting’
8. Christine A. Martin and Stephen F. Witt (1987), ‘Tourism Demand Forecasting Models: Choice of Appropriate Variable to Represent Tourists’ Cost of Living’
9. Christine A. Martin and Stephen F. Witt (1989), ‘Accuracy of Econometric Forecasts of Tourism’
10. Ann Clewer, Alan Pack and M. Thea Sinclair (1990), ‘Forecasting Models for Tourism Demand in City Dominated and Coastal Areas’
11. Egon Smeral, Stephen F. Witt and Christine A. Witt (1992), ‘Econometric Forecasts: Tourism Trends to 2000’
12. Stephen F. Witt and Christine A. Witt (1995), ‘Forecasting Tourism Demand: A Review of Empirical Research’
13. Theodore C. Syriopoulos and M. Thea Sinclair (1993), ‘An Econometric Study of Tourism Demand: The AIDS Model of US and European Tourism in Mediterranean Countries’
14. Geoffrey I. Crouch (1994), ‘The Study of International Tourism Demand: A Survey of Practice’
15. Geoffrey I. Crouch (1994), ‘The Study of International Tourism Demand: A Review of Findings’
16. Theodore C. Syriopoulos (1995), ‘A Dynamic Model of Demand for Mediterranean Tourism’
17. Geoffrey I. Crouch (1995), ‘A Meta-Analysis of Tourism Demand’
18. Martin Oppermann (1995), ‘Travel Life Cycle’
Part III Supply-Side Aspects of Tourism: Industrial Organization and Issues in Managerial Economics
19. John H. Dunning and Matthew McQueen (1982), ‘Multinational Corporations in the International Hotel Industry’
20. Mike McVey (1986), ‘International Hotel Chains in Europe: Survey of Expansion Plans as Europe is “Rediscovered”’
21. Frank Go (1989), ‘International Hotel Industry – Capitalizing on Change’
22. Tom Baum and Ram Mudambi (1995), ‘An Empirical Analysis of Oligopolistic Hotel Pricing’
23. Pauline J. Sheldon (1986), ‘The Tour Operator Industry: An Analysis’
24. Pauline Sheldon (1983), ‘The Impact of Technology on the Hotel Industry’
25. Stephen L.J. Smith (1994), ‘The Tourism Product’
26. Richard Kotas (1982), ‘The European Hotel: Methodology for Analysis of Financial Operations and Identification of Appropriate Business Strategy’
27. Paul Beals and David A. Troy (1982), ‘Hotel Feasibility Analysis, Part I’
28. Avner Arbel and S. Abraham Ravid (1983), ‘An Industry Energy Price Impact Model: The Case of the Hotel Industry’
Part IV Public Finance, Public Economics and Tourism
29. James Mak and Edward Nishimura (1979), ‘The Economics of a Hotel Room Tax’
30. Howard L. Hughes (1981), ‘A Tourism Tax – The Cases For and Against’
31. Mary Fish (1982), ‘Taxing International Tourism in West Africa’
32. Rae Weston (1983), ‘The Ubiquity of Room Taxes’
33. Edwin Fujii, Mohammed Khaled and James Mak (1985), ‘The Exportability of Hotel Occupancy and Other Tourist Taxes’
34. Stephen J. Hiemstra and Joseph A. Ismail (1993), ‘Incidence of the Impacts of Room Taxes on the Lodging Industry’
35. Stephen R.C. Wanhill (1986), ‘Which Investment Incentives for Tourism?’
36. David Airey (1983), ‘European Government Approaches to Tourism’
37. Keith Hartley and Nicholas Hooper (1992), ‘Tourism Policy: Market Failure and Public Choice’
Name Index
Volume II:
Part I Impact Analyses of Tourism
1. Brian H. Archer (1982), ‘The Value of Multipliers and their Policy Implications’
2. Douglas C. Frechtling (1987), ‘Assessing the Impacts of Travel and Tourism – Measuring Economic Benefits’
3. Douglas C. Frechtling (1987), ‘Assessing the Impacts of Travel and Tourism – Measuring Economic Costs’
4. John Board, Thea Sinclair and Charles Sutcliffe (1987), ‘A Portfolio Approach to Regional Tourism’
5. M. Thea Sinclair and Charles Sutcliffe (1988), ‘The Estimation of Keynesian Income Multipliers at the Sub-National Level’
6. B. H. Archer (1989), ‘Tourism and Island Economies: Impact Analyses’
7. John E. Fletcher (1989), ‘Input-Output Analysis and Tourism Impact Studies’
8. Toh Mun Heng and Linda Low (1990), ‘Economic Impact of Tourism in Singapore’
9. Helen Briassoulis (1991), ‘Methodological Issues: Tourism Input-Output Analysis’
10. Rebecca L. Johnston and Eric Moore (1993), ‘Tourism Impact Estimation’
11. Guy R. West (1993), ‘Economic Significance of Tourism in Queensland’
12. Percy Harris and David Harris (1994), ‘The Structural Dynamics of Aggregate Production: A Challenge to Tourism Research’
13. Deying Zhou, John F. Yanagida, Ujjayant Chakravorty and PingSun Leung (1997), ‘Estimating Economic Impacts from Tourism’
Part II International Tourism
14. Bernard Ascher (1984), ‘Obstacles to International Travel and Tourism’
15. Kenneth J. White (1985), ‘An International Travel Demand Model: US Travel to Western Europe’
16. Stephen F. Witt and Christine A. Martin (1987), ‘Econometric Models for Forecasting International Tourism Demand’
17. Geoffrey I. Crouch (1992), ‘Effect of Income and Price on International Tourism’
18. Clive L. Morley (1992), ‘A Microeconomic Theory of International Tourism Demand’
19. M. Thea Sinclair and Asrat Tsegaye (1990), ‘International Tourism and Export Instability’
20. Brian R. Copeland (1991), ‘Tourism, Welfare and De-industrialization in a Small Open Economy’
21. Larry Dwyer and Peter Forsyth (1993), ‘Assessing the Benefits and Costs of Inbound Tourism’
22. Larry Dwyer and Peter Forsyth (1993), ‘Government Support for Inbound Tourism Promotion: Some Neglected Issues’
23. Harry R. Clarke and Yew-Kwang Ng (1993), ‘Tourism, Economic Welfare and Efficient Pricing’
Part III Tourism in Developing Countries and in Economic Development
24. Stephen G. Britton (1982), ‘The Political Economy of Tourism in the Third World’
25. C.L. Jenkins and B.M. Henry (1982), ‘Government Involvement in Tourism in Developing Countries’
26. Peter U.C. Dieke (1995), ‘Tourism and Structural Adjustment Programmes in the African Economy’
27. J. Diamond (1977), ‘Tourism’s Role in Economic Development: The Case Reexamined’
28. Nelson C. Modeste (1995), ‘The Impact of Growth in the Tourism Sector on Economic Development: The Experience of Selected Caribbean Countries’
29. John Brohman (1996), ‘New Directions in Tourism for Third World Development’
30. Timothy J. Forsyth (1995), ‘Tourism and Agricultural Development in Thailand’
Part IV Sustainability and Environmental Aspects of Tourism
31. John J. Pigram (1980), ‘Environmental Implications of Tourism Development’
32. R.W. Butler (1980), ‘The Concept of a Tourist Area Cycle of Evolution: Implications for Management of Resources’
33. Pamela A. Wight (1993), ‘Sustainable Ecotourism: Balancing Economic, Environmental and Social Goals within an Ethical Framework’
34. Katrina Brown, R. Kerry Turner, Hala Hameed and Ian Bateman (1997), ‘Environmental Carrying Capacity and Tourism Development in the Maldives and Nepal’
35. Kreg Lindberg, Stephen McCool and George Stankey (1997), ‘Rethinking Carrying Capacity’
36. S.R.C. Wanhill (1980), ‘Charging for Congestion at Tourist Attractions’
37. Sally Driml and Mick Common (1995), ‘Economic and Financial Benefits of Tourism in Major Protected Areas’
38. Clem Tisdell and Jie Wen (1997), ‘Why Care is Needed in Applying Indicators of the Sustainability of Tourism’
39. R. Elwyn Owen, Stephen F. Witt and Susan Gammon (1993), ‘Sustainable Tourism Development in Wales: From Theory to Practice’
40. Brian Archer and Chris Cooper (1998), ‘The Positive and Negative Impacts of Tourism’
Name Index
