Table of Contents

International Handbook on the Economics of Tourism

International Handbook on the Economics of Tourism

Elgar original reference

Edited by Larry Dwyer and Peter Forsyth

This highly accessible and comprehensive Handbook presents a cutting edge discussion of the state of tourism economics and its likely directions in future research. Leading researchers in the field explore a wide range of topics including: demand and forecasting, supply, transport, taxation and infrastructure, evaluation and application for policy-making. Each chapter includes a discussion of its relevance and importance to the tourism economics literature, an overview of its main contributions and themes, a critical evaluation of existing literature and an outline of issues for further conceptual and applied research.

Editors’ Introduction: Contemporary Issues in Tourism Economics

Larry Dwyer and Peter Forsyth

Subjects: development studies, development economics, tourism, economics and finance, development economics, environmental economics, environment, environmental economics, tourism, geography, tourism


Larry Dwyer and Peter Forsyth Tourism economics has been a rapidly expanding subject over the past decade or so – this is partly a reflection of the increasing interest in tourism research generally. Tourism papers are published in tourism and in economics journals, and there is now a specialist journal, Tourism Economics, devoted to it. There are several texts on the subject as well. What specific contribution is tourism economics making? Tourism economics is not so much a new branch of economics, but rather it is an industry- or sector-based area of work which draws on, and applies, developments in general economics. In this respect, it is like transport or energy economics. As with these areas, there are some aspects of tourism economics which have been, or are becoming, of particular importance, in the way that choice modelling is a characteristic and important aspect of transport economics. Tourism economics draws on several, mainly microeconomic, branches of economics and econometrics, such as demand modelling, taxation theory, environmental economics, human capital theory and industrial organisation. More recently, it has been drawing on trade theory and general equilibrium modelling. Recent developments in tourism economics have taken one of a number of forms. There are some areas which have been part of the traditional content of tourism economics which are being made more rigorous. Perhaps the best example of this is in demand analysis and forecasting. This has long been an important aspect of the subject, with many contributions, with a distinct emphasis...