Tourism as a driver of economic development - the Colombian experience

Benković, Andreja; Meija, Juan Felipe

Tourism as a driver of economic development - the Colombian experience

dc.contributor.author	Benković, Andreja	de
dc.contributor.author	Meija, Juan Felipe	de
dc.date.accessioned	2024-04-08T08:43:45Z
dc.date.available	2024-04-08T08:43:45Z
dc.date.created	2010-04-20
dc.date.issued	2008
dc.description.abstract	The current paper analyzes the importance and potentials of the tourism sector for economic development. It is divided into four major parts. After a short introduction, section two presents some theoretical insights into the topic of economic development. Commenting on the most relevant components of the catching-up theory by Abramovitz (1986) and the structural change theory by Baumol (1967) and others, it could be realized that growth and the accompanying structural changes in the distribution of employment and GDP have their sources in the sector industry. But at the moment of incorporating the demand side explanation of structural change, the service sectors offer growth potentials as well. Furthermore, the basic characteristics and importance of the tourism sector for economic development and employment are emphasized, examining the so-called ?social capabilities? and the innovation potential within the process of economic growth of any nation. A short survey of literature concerning the contribution of this sector to economic growth makes clear that tourism should be considered not just from the perspective of the benefits, but also from the costs associated with it. Section three provides an analysis of the economic impact of tourism in a developing country, namely Colombia, based on time-series analysis and data gathered supported on the ?Tourism Satellite Account? Methodology. Some relevant indicators produced by the World Economic Forum through its ?Travel and Tourism Competitiveness Report?, are also evaluated. Finally, some conclusions are drawn with respect to the potentialities, as well as the challenges identified for the Colombian case.	en
dc.identifier.swb	322037948
dc.identifier.uri	https://hohpublica.uni-hohenheim.de/handle/123456789/5331
dc.identifier.urn	urn:nbn:de:bsz:100-opus-4461
dc.language.iso	eng
dc.relation.ispartofseries	Schriftenreihe des Promotionsschwerpunkts Globalisierung und Beschäftigung; 26
dc.rights.license	publ-ohne-pod	en
dc.rights.license	publ-ohne-pod	de
dc.rights.uri	http://opus.uni-hohenheim.de/doku/lic_ubh.php
dc.subject	Structural change	en
dc.subject	Service sectors	en
dc.subject	Social capabilities	en
dc.subject	Economic development	en
dc.subject	Tourism	en
dc.subject	Colombia	en
dc.subject.ddc	330
dc.subject.gnd	Kolumbien	de
dc.subject.gnd	Tourismus	de
dc.subject.gnd	Wirtschaftsentwicklung	de
dc.title	Tourism as a driver of economic development - the Colombian experience	de
dc.type.dcmi	Text	de
dc.type.dini	WorkingPaper	de
local.access	uneingeschränkter Zugriff	en
local.access	uneingeschränkter Zugriff	de
local.bibliographicCitation.publisherPlace	Universität Hohenheim	de
local.faculty.number	3	de
local.institute.number	520alt	de
local.opus.number	446
local.series.issueNumber	26
local.series.title	Schriftenreihe des Promotionsschwerpunkts Globalisierung und Beschäftigung
local.university	Universität Hohenheim	de
local.university.faculty	Fakultät Wirtschafts- und Sozialwissenschaften	de
local.university.institute	Institut für Volkswirtschaftslehre (bis 2010)	de

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