Contribution of international ecotourism to comprehensive economic development and convergence in the Central American and Caribbean region

Gunter, Ulrich; Ceddia, M. Graziano; Leonard, David; Tröster, Bernhard (2018). Contribution of international ecotourism to comprehensive economic development and convergence in the Central American and Caribbean region. Applied economics, 50(33), pp. 3614-3629. Routledge 10.1080/00036846.2018.1430339

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Drawing on the positive experience from Costa Rica, the study examines whether international ecotourism makes a significant contribution to comprehensive economic development for the Central American and Caribbean region and contributes to comprehensive economic convergence. Following a standard empirical growth model, a dynamic panel regression model is estimated using time-series data from 1995 until 2012 for a cross section of seven countries. The interaction of international tourism and various established sustainability indicators is employed allowing ecotourism to be consistently quantified across countries, while numerous country-specific structural characteristics are controlled for. The estimation results show that international ecotourism has a statistically significant positive effect on both traditional economic development (real GDP per capita) and comprehensive economic development (adjusted net savings; ANS per capita), which is a measure of a society’s potential future well-being, thus providing evidence in support of the tourism-led growth hypothesis and pointing towards an important role for ecotourism in driving comprehensive economic convergence.

Item Type:

Journal Article (Original Article)

Division/Institute:

10 Strategic Research Centers > Centre for Development and Environment (CDE)

UniBE Contributor:

Ceddia, Michele Graziano

Subjects:

300 Social sciences, sociology & anthropology > 330 Economics

ISSN:

0003-6846

Publisher:

Routledge

Language:

English

Submitter:

Michele Graziano Ceddia

Date Deposited:

01 Nov 2018 16:12

Last Modified:

01 Nov 2018 16:12

Publisher DOI:

10.1080/00036846.2018.1430339

URI:

https://boris.unibe.ch/id/eprint/120852

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