The income elasticity gap and its implications for economic growth and tourism development
The Balearic vs the Canary Islands
Bibliographic Data
| ID | 21699043 |
|---|---|
| Authors | Federico Inchausti-Sintes (0000-0003-0292-3071, Faculty of Economics, Business and Tourism, Universidad de Las Palmas de Gran Canaria Las Palmas de GranCanaria, Spain, corresponding author), Augusto Voltes-Dorta (0000-0001-7869-6800, Management Science and Business Economics Group, University of Edinburgh Business School Edinburgh, UK), Pere Suau-Sanchez (0000-0002-5091-9352, Cranfield University) |
| Year | 2021 |
| Volume | 24 |
| Issue | 1 |
| Pages | 98-116 |
| Publication date | 2021-01-02 |
| Peer Reviewed | Yes |
| Open Access | No |
| Type | ARTICLE |
| Venue | Current Issues in Tourism (JOURNAL) |
| Journal identifiers | ISSN: 1368-3500 • E-ISSN: 1747-7603 |
| Publisher | Informa UK Limited (PUBLISHER • GB) |
| DOI | 10.1080/13683500.2020.1722618 |
| OpenAlex | W3003384761 |
| Language | EN |
| Citations received | 12 |
| References cited | 58 |
The 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 latter
Balearic islands · Cartography · Econometrics · Economic geography · Economics · Economy · Geography · Panel data · Per capita · Population · Tourism · Demography · Diverse Aspects of Tourism Research · Economics of Agriculture and Food Markets · Energy, Environment, Economic Growth
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| Unique citing works | 12 |
|---|---|
| Citations per year | 2,4 |
| Citation span | 2021 - 2026 (6) |
| Citation velocity | current |
| Highly cited | No |
| Citation types | Neutral: 12 |