Tourism is one of the world's largest industries and one of its fastest growing economic sectors helping to generate income and employment for local people. At the same time, it has many negative outsourced effects on the environment and local culture. Achieving a more sustainable pattern of tourism development is high on the global agenda aiming to meet human needs while preserving the environment now and for the future. "The Economics of Sustainable Tourism" aims to critically explore how tourism economic development can move closer to a sustainable ideal from a firm Economic analytic anchor. Grounded in Economic theory and application it analyses tourist's satisfaction and impacts of tourism on the host community, investigates the productivity of the industry and identify factors which could increase economic & sustainable development such as trade relationships. It offers further insight into how destinations sustainability can be measured, economic benefits of a more sustainable destination and sets the agenda for future research. The book includes range of theoretical and empirical perspectives and includes cutting edge research from international scholars. This significant volume provides a new perspective on the sustainable tourism debate and will be a valuable read for students, researcher, academics of Tourism and Economics.
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Notes on contributors
The economics of sustainable tourism: an overview by Michael McAleer 1
PART I Tourism demand and the host community 7
1 Time series modelling of tourism demand from the United States, Japan and Malaysia to Thailand by Aree Wiboonpongse 9
2 Determinants of tourist satisfaction at sun and sand mass destinations by Jaume Garau Taberner 24
3 Determinant attitudes to tourism in a mass tourist destination: a comparative-static analysis by Jaume Rossello Nadal 41
4 A panel data analysis of residential water demand in a Mediterranean tourist region: the case of Sardinia by Elisabetta Strazzera 58
PART II Tourism and productivity 77
5 Pollution-averse tourists and growth by Sauveur Giannoni 79
6 On the relationship between tourism and trade by Jorge V. Perez Rodriguez 92
7 Evaluating labour productivity of diversifying rural tourism: evidence from Japan by Yasuo Ohe 108
PART III Sustainable tourism: environment and cultural heritage conservation 127
8 Clustering tourism destinations by means of composite indices of sustainability by Marcelino Sanchez Rivero 129
9 Equilibrium dynamics and local indeterminacy in a model of sustainable tourism by Giovanni Bella 151
10 How tourism can help preserve cultural heritage sites: constructing optimal entrance fee schemes to collect visitors' WTP for the World Heritage Site My Son in Vietnam by Stale Navrud 168
The economics of sustainable tourism: summary and suggestions for future research by Michael McAleer 187
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