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Persistent link: https://www.econbiz.de/10010421512
This paper examines the effects of tourism in a dynamic model of trade on unemployment, capital accumulation and resident welfare. A tourism boom improves the terms of trade, increases labor employment, but lowers capital accumulation. The reduction in the capital stock depends on the degree of...
Persistent link: https://www.econbiz.de/10010312466
This paper examines the effects of stricter environmental regulation on income distribution and welfare for an open economy with inbound tourism. The pollution input is considered as a mobile factor between sectors, and a decrease in it lowers wages of skilled labor in the traded sector but can...
Persistent link: https://www.econbiz.de/10010573095
This paper examines the effects of tourism in a dynamic model of trade on unemployment, capital accumulation and resident welfare. A tourism boom improves the terms of trade, increases labor employment, but lowers capital accumulation. The reduction in the capital stock depends on the degree of...
Persistent link: https://www.econbiz.de/10005570257
Persistent link: https://www.econbiz.de/10009618681
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