This paper assesses the role of global value chains (GVCs) in services and identifies the sector’s contributions … towards the expansion of the Japanese economy. Specifically, the analysis focuses on the tourism sector in Japan, which has … been witnessing rapid growth in recent years. Tourism is also a highly tradeable sector that, directly or indirectly …

The tourism became in last decades a worldwide phenomenon, particularly as an important part of the so called leisure …

tourism. The model is unique in that it introduces endogenous tourism within a general dynamic equilibrium …

trade and tourist flows. It builds a multi-country growth model with endogenous wealth accumulation and tourism. The model … is unique in that it introduces endogenous tourism within a general dynamic equilibrium framework. The model is built on …