The paper studies the macroeconomic effects of an increase in tourism demand due to an exogenous increase in foreigner's income one the one hand and due to marketing activities in tourism of a small country that specializes completely in tourism production. Using a dynamic general equilibrium...

In this short paper we present a simple model of three tourist regions to study the incentives of hotels to invest in environmental quality. In particular, we show that the price of a hotel room depends positively on the level of investment to preserve the natural characteristics of the region...

In this short paper we analyze the impact of tourist demand in hotel rooms on the investment of hotels on environmental quality. In particular we show that when income of the tourists increases, then in order to maintain the demand for rooms, the hotels must increase the investment on the...