Economics of Sustainable Tourism

Tourism is one of the world's largest industries and one of its fastest growing economic sectors helping to generate income and employment for local people. At the same time, it has many negative outsourced effects on the environment and local culture. Achieving a more sustainable pattern of tourism development is high on the global agenda aiming to meet human needs while preserving the environment now and for the future. The Economics of Sustainable Tourism aims to critically explore how tourism economic development can move closer to a sustainable ideal from a firm economic analytic anchor. Grounded in economic theory and application it analyzes tourist's satisfaction and impacts of tourism on the host community, investigates the productivity of the industry and identify factors which could increase economic and sustainable development such as trade relationships. It offers further insight into how destinations sustainability can be measured, economic benefits of a more sustainable destination and sets the agenda for future research. The book includes a range of theoretical and empirical perspectives and includes cutting edge research from international scholars. This significant volume provides a new perspective on the sustainable tourism debate and will be a valuable read for students, researchers, academics of Tourism and Economics.

Fabio Cerina is Lecturer in Economic Policy at the Deparment of Social and Economic Research, University of Cagliari, and Research Fellow at the Center for North South Economic Research (CRENoS). His research interests are in Tourism, Environment and Growth and Economic Geography. Anil Markandya is Professor of Economics at the University of Bath, UK, and Scientific Director of the Basque Centre for Climate Change in Bilbao, Spain. His research interests lie in the areas of microeconomics, quantitative economics, including econometrics, and environmental economics. It is the last of these that has been the focus of his research over the last twenty years and he is an acknowledged international authority in the field. Anil has recently published a textbook entitled Environmental Economics for Sustainable Growth (Edward Elgar). Michael McAleer is Distinguished Professor, Department of Quantitative Economics, Complutense University of Madrid, Spain. He has published in a wide range of leading international journals, and his research interests include theoretical and applied econometrics, theoretical and applied statistics, time series analysis, financial econometrics, modelling environmental systems, intellectual property, methodology, tourism research and tourism management.

1. Time Series Modelling of Tourism Demand from the USA, Japan and Malaysia to Thailand 2. Determinants of Tourist Satisfaction at Sun and Sand Mass Destinations 3. Determinant Attitudes to Tourism in a Mass Tourist Destination: A Comparative-Static Analysis 4. A Panel Data Analysis of Residential Water Demand in a Mediterranean Tourist Region: the Case of Sardinia 5. Pollution Adverse Tourists and Growth 6. On the Relationship Between Tourism and Trade 7. Evaluating Labour Productivity of Diversifying Rural Tourism: Evidence from Japan 8. Clustering Tourism Destinations by Means Composite Indexes of Sustainability 9. Equilibrium Dynamics and Local Indeterminacy in a Model of Sustainable Tourism 10. How Tourism can Help Preserve Cultural Heritage Sites: Constructing Optimal Entrance Fee Schemes to Collect Visitors' WTP for the World Heritage Site