TOURISM, DUTCH DISEASE AND WELFARE IN AN OPEN DYNAMIC ECONOMY*

By C. Chao, Bharat R. Hazari, Jean-Pierre Laffargue, Pasquale M. Sgro, Eden S. H. Yu. 2006

158 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/8c0d80f973051b07c5e1da164a63d518fcd91952

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Citations in the corpus

Tourism and Economic Development: the Beach Disease? (2011, methodology): “In order to find out more about the channels through which tourism influences economic growth we augment regression A4 by variables used in the Copeland (1991) and the Chao et al. (2006) models that explain the relationship between tourism dependency and economic development. Moreover this task can ”
Where Can Tourism-Led Growth and Economy-Driven Tourism Growth Occur? (2019, background): “The Dutch Disease effect could be an important danger leading to distortion of the real exchange rate and deindustrialization (Chao et al. 2006).”
Tourism Specialization and Economic Development: Evidence from the Unesco World Heritage List (2009, background): “On the other hand, an expansion of the tourism sector may increase the relative price of nontraded goods, crowding out the factors of production at the expense of the traded goods sector, a phenomenon known as “Dutch disease” (Copeland, 1991 and Chao et al., 2006).”
Does tourism development promote economic growth in transition countries? A panel data analysis (2013, background): “Chao et al. (2009) further point out that if the output effect is dominant, expansion of tourism raises employment and welfare; however, under realistic conditions tourism may lower both labor employment and welfare due to rising costs.”
Tourism-led Growth Hypothesis in the Top Ten Tourist Destinations: New Evidence Using the Quantile-on-Quantile Approach (2017, background): “…because of overexploitation of natural resources (Capó et al., 2007; Schubert, 2010), economic impoverishment of the resident population (Chao et al., 2006; Nowak et al., 2003), Dutch disease effects1 (Capó et al., 2007; Holzner, 2005), loss of cultural and social values of the host…”