The income elasticity gap and its implications for economic growth and tourism development: the Balearic vs the Canary Islands

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dc.contributor.authorInchausti-Sintes, Federico
dc.contributor.authorVoltes-Dorta, Augusto
dc.contributor.authorSuau-Sanchez, Pere
dc.date.accessioned2020-09-23T13:28:48Z
dc.date.available2020-09-23T13:28:48Z
dc.date.issued2020-01-30
dc.description.abstractThe Balearic and the Canary Islands are two well-known tourism-led economies. They both experienced a tourism boom during the same decades, and, hence, they developed a similar productive-mix. Nevertheless, there are strong economic differences between the two regions. While the Balearic Islands enjoy a high GDP per capita, the Canary Islands show a more modest performance. The results of a panel data regression confirm our hypothesis that they differ substantially in terms of income elasticity of tourism. It is two times higher in the Balearic Islands than in the Canaries, which indicates the first is perceived as a more luxurious destination. Furthermore, the results of a dynamic computable general equilibrium model show that the Canaries would converge in GDP per capita with the Balearic Islands if they attracted tourists with a similar profile as the latteren_UK
dc.identifier.citationInchausti-Sintes F, Voltes-Dorta A, Suau-Sánchez P. (2020) The income elasticity gap and its implications for economic growth and tourism development: the Balearic vs the Canary Islands. Current Issues in Tourism, Volume 24, Issue 1, 2021, pp. 98-116en_UK
dc.identifier.issn1368-3500
dc.identifier.urihttps://doi.org/10.1080/13683500.2020.1722618
dc.identifier.urihttps://dspace.lib.cranfield.ac.uk/handle/1826/15836
dc.language.isoenen_UK
dc.publisherTaylor & Francisen_UK
dc.rightsAttribution-NonCommercial 4.0 International*
dc.rights.urihttp://creativecommons.org/licenses/by-nc/4.0/*
dc.subjectdynamic computable general equilibriumen_UK
dc.subjecttourism-led economiesen_UK
dc.subjecteconomic growthen_UK
dc.subjectIncome elasticityen_UK
dc.titleThe income elasticity gap and its implications for economic growth and tourism development: the Balearic vs the Canary Islandsen_UK
dc.typeArticleen_UK

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