Tourism and Economic Development: Evidence from Mexico's Coastline / Benjamin Faber, Cecile Gaubert.

Format:

Book

Author/Creator:

Faber, Benjamin.

Contributor:

National Bureau of Economic Research.

Gaubert, Cecile.

Series:

Working Paper Series (National Bureau of Economic Research) no. w22300.

NBER working paper series no. w22300

Language:

English

Physical Description:

1 online resource: illustrations (black and white);

Other Title:

Tourism and Economic Development

Place of Publication:

Cambridge, Mass. National Bureau of Economic Research 2016.

Summary:

Tourism is a fast-growing services sector in developing countries. This paper combines a rich collection of Mexican microdata with a quantitative spatial equilibrium model and a new empirical strategy to study the long-term economic consequences of tourism both locally and in the aggregate. We find that tourism causes large and significant local economic gains relative to less touristic regions that are in part driven by significant positive spillovers on manufacturing. In the aggregate, however, these local spillovers are largely offset by reductions in agglomeration economies among less touristic regions, so that the national gains from trade in tourism are mainly driven by a classical market integration effect.

Notes:

Print version record

June 2016.