Environmental policy and long-term welfare in a tourism economy

  1. Gómez, Carlos Mario
  2. Lozano, Javier
  3. Rey-Maquieira, Javier
Revista:
Spanish economic review

ISSN: 1435-5469

Año de publicación: 2008

Volumen: 10

Número: 1

Páginas: 41-62

Tipo: Artículo

DOI: 10.1007/S10108-007-9028-0 DIALNET GOOGLE SCHOLAR

Otras publicaciones en: Spanish economic review

Resumen

A dynamic general equilibrium model of a small open economy specialized in producing tourism services is presented. The tourism package is a bundle of attributes provided by firms, the government and the natural environment. Investment in accommodation increases the number of visitors but also congests public goods and reduces environmental quality. The model is used to determine the conditions for the existence of a long-term double dividend. These conditions depend on both the initial level of environmental quality and the responsiveness of the tourism price to marginal changes in environmental and accommodation quality and congestion of public goods.

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