INVESTIGADORES
LONDON Silvia
artículos
Título:
A Dynamic Model of Tourism and Economic Growth: the Role of Physical and Human Capital
Autor/es:
BRIDA G, LONDON S. , ROJAS M.
Revista:
Economics Bulletin
Editorial:
Vanderbilt
Referencias:
Año: 2013 vol. 33 p. 1361 - 1373
ISSN:
1545-2921
Resumen:
In this paper, we generalize the model introduced in Hazari and Sgrò (1995) by the incorporation of human capital accumulation and the individual decision in consumption and time allocation. Following Lucas (1988) and Lanza and Pigliaru (2000), human capital accumulation in tourism sector takes the form of learning-by-doing unlike capital sector. People who want to get a job in capital good industry must have a level of formal education to enter to labor market, assigning part of their life-time to schooling and acquiring knowledge through a deliberate effort in human capital accumulation. Nevertheless, who are working in tourism sector are making experiences and getting better at promoting cultural goods, at looking after natural and historical resources and at doing everything referent to the own tourist activity. In other words, in tourism firms (consumption firms), human capital is interpreted as a result of learning-by-doing. Likewise, as in Hazari and Sgrò (1995) and Lanza and Pigliaru (2000), the determination in the terms of trade play an important role in the explanation of the growth performance.