IS TOURISM THE NEW DUTCH DISEASE? IMPACTS ON WAGES, SECTORIAL COMPETITIVENESS AND ECONOMIC GROWTH

• Type: Article in International Scientific Journal
• Date: 2024

Authors

Afonso, Óscar (Author) FEP; Vasconcelos, PB (Author) Other; Pinto, L (Author) Other

Journal

Title: Journal of Dynamics and Games

Publisher: American Institute of Mathematical Sciences

Indexing

ISI Web of Knowledge - 0 Citations

Other information

Authenticus ID: P-017-X8D

DOI: 10.3934/jdg.2024034

Abstract (EN): This study explores the implications of tourism on wages, sectoral competitiveness, and economic growth, employing an endogenous growth model that extends [2]. The respective effects on R&D activities that spread throughout the entire economic system are analyzed by considering the concept of a potential Dutch disease associated with tourism. Despite existing concerns about a possible Dutch disease effect triggered by an increasing reliance on the tourism sector, the impact on the Portuguese economy is not definitively negative. It has promoted R&D and stimulated domestic consumption. If the R&D induced by the tourism openness of the economy is sufficiently large, it may potentially stimulate more remarkable long-term economic growth. This outcome largely depends on the Portuguese economy's ability to capitalize on idea exchange, openness, and policies that vigorously promote R&D.

Language: English

Type (Professor's evaluation): Scientific

No. of pages: 19