The Economics of Tourism / Edition 2

The Economics of Tourism / Edition 2

ISBN-10:
0415459397
ISBN-13:
9780415459396
Pub. Date:
12/11/2009
Publisher:
Taylor & Francis

Paperback

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Overview

The Economics of Tourism / Edition 2

This new edition of The Economics of Tourism reflects 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 Tourism will 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.

Product Details

ISBN-13: 9780415459396
Publisher: Taylor & Francis
Publication date: 12/11/2009
Pages: 536
Product dimensions: 6.25(w) x 9.25(h) x 1.10(d)

About the Author

Mike J. Stabler is Senior Research 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 xi

Author profiles xiii

Preface to the first edition xvi

Preface to the second edition xvii

Foreword xx

Acknowledgements xxii

Abbreviations, Acronyms and Glossary of Terms xxiv

Part I Introduction and demand theory in tourism 1

1 The scope and content of the economics of tourism 3

1.1 Introduction 3

1.2 The state of analysis of tourism 4

1.3 The content and scope of the economics of tourism 14

1.4 The structure of the book 20

2 Microeconomic foundations of tourism demand 22

2.1 Introduction 22

2.2 Optimal choice in tourism demand 24

2.3 The social context of tourism decision-making 39

2.4 Conclusions 44

3 Empirical studies of tourism demand 45

3.1 Introduction 45

3.2 The single equation approach to estimating tourism demand 46

3.3 The systems of equations models of tourism demand 61

3.4 Forecasting tourism demand 68

3.5 The characteristics framework revisited 71

3.6 Conclusions 74

Part II The economics of tourism supply 77

4 Microeconomic foundations of tourism supply 79

4.1 Introduction 79

4.2 The industrial economics background 81

4.3 The structure-conduct-performance (SCP) paradigm 91

4.4 Game theory and tourism 129

4.5 Conclusions 138

5 The economic profile and characteristics of the tourism sectors 140

5.1 Introduction 140

5.2 The transport sector 141

5.3 The accommodation sector 166

5.4 The intermediary sector 175

5.5 Tourism attractions 186

5.6 Conclusions 193

Part III The economics of tourism at a national, regional and international level 197

6 Tourism in a national and regional context 199

6.1 Introduction 199

6.2 The size of the tourism sector 200

6.3 The economic impact of tourism 205

6.4 Growth 219

6.5 Tourism and economic transformation 230

6.6 Conclusions 235

7 Tourism in an international context 237

7.1 Introduction 237

7.2 Explanations of trade and tourism 238

7.3 Globalization and transnational corporations in tourism 250

7.4 Strategic tourism policy, protectionism and Gats 258

7.5 Conclusions 262

Part IV The economics of environmental issues in tourism and an appraisal of the economic analysis of tourism 265

8 Global environmental issues and tourism 267

8.1 Background 267

8.2 The environment and its role 269

8.3 The relevance of the concept of globalization to environmental issues 272

8.4 Global environmental issues 273

8.5 Tourism and global environmental challenges 276

8.6 Solutions to global environmental problems 277

8.7 The environmental implications of international tourism 278

8.8 Global environmental issues, international trade and tourism 287

8.9 Sustainability 295

8.10 Sustainability and tourism 302

8.11 Conclusions on the state of the analysis of sustainable tourism 308

8.12 Final observations on global environmental issues and tourism 309

9 The analysis of tourism environmental issues at the local level 311

9.1 The content and scope of environmental and ecological Economics 311

9.2 The context of the microeconomic analysis of environmental issues 315

9.3 Capital appraisal frameworks 322

9.4 Cost-benefit analysis and its variants 323

9.5 Cost-benefit analysis: its scope and content 326

9.6 A critique of cost-benefit analysis 333

9.7 Tourism development and cost-benefit analysis 334

9.8 Market valuation of resources and market failure 335

9.9 Resources use and conservation 347

9.10 Tourism and the use of non-renewable and renewable resources 353

9.11 Case studies of tourism's performance in the use of renewable resources 362

9.12 Some wider implications of studies of tourism's use of renewable resources 366

9.13 A postscript on the economics of environmental issues relating to the use of resources in tourism destinations 369

9.14 Conclusions 370

10 The valuation of resources and environmental policy instruments 372

10.1 Introduction 372

10.2 The valuation of resources 373

10.3 The total economic value of resources 376

10 4 Valuation methods 380

10.5 Other methods of valuation 395

10.6 A concluding overview of the application to tourism of the main methods of valuing non-priced resources 399

10.7 Achieving environmental targets: policy instruments 401

10.8 Priced-based instruments 402

10.9 Non-monetary instruments: regulation and standards 411

10.10 Some general observations on policy instruments 413

10.11 Environmental policy instruments in the context of tourism 414

10.12 An overall appraisal of the application of environmental economics to tourism 419

11 Whither the economics of tourism? 423

11.1 Background 423

11.2 Perceptions of tourism economics research 424

11.3 An overall appraisal of the current state of tourism economics research 433

11.4 The wider context of the economic analysis of tourism 435

11.5 The future direction of research on tourism 437

11.6 The future direction of economics tourism research 441

11.7 Postscript 443

References 445

Index 497

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