By M Thea Sinclair
Makes a key contribution from an fiscal point of view to the knowledge of tourism. studying such matters as how tourism companies function in nationwide and worldwide contexts, the results of tourism on vacation spot components, the call for for tourism, and the interplay among tourism and normal environments, this entire creation explains how fiscal ideas and strategies can supply a clearer realizing of the topic.
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Additional resources for The Economics of Tourism (Routledge Issues in Tourism)
Second, the approaches complement the relatively recent and empirically oriented branches of economics—experimental economics and economic psychology—which have shifted attention towards the social context of decision-making and shed light on the determination of preferences and tastes for tourism consumption. These approaches, while acknowledging the contribution made by other disciplines to explaining tourism demand and behaviour, are set within an economic framework and can help to explain and predict tourist consumption behaviour.
These non-economic studies of motivation by social psychologists and, in some cases, geographers make a useful contribution to the development of economic models of tourism demand on two counts. First, they seek to explain the reasons for behaviour which economists observe only from preferences which are revealed in terms of expenditure on goods and services in the market. In this respect, the study of motivation assists in making more accurate explanations and forecasts of the level and pattern of tourism demand.
1996) but sometimes in the form of effective exchange rates (nominal exchange rates adjusted for differences in relative inflation rates). The 41 EMPIRICAL STUDIES OF TOURISM DEMAND latter may be more appropriate in the long run (Syriopoulos, 1995). Occasionally, the prices and exchange rates of other competing destinations have also been incorporated. As in the case of the income elasticities, studies have yielded a wide range of elasticity values for the relative prices and exchange rate variables included in the estimating equations.
The Economics of Tourism (Routledge Issues in Tourism) by M Thea Sinclair