The Economics of Tourism and Sustainable Development

The Economics of Tourism and Sustainable Development

The Fondazione Eni Enrico Mattei series on Economics, the Environment and Sustainable Development

Edited by Alessandro Lanza, Anil Markandya and Francesco Pigliaru

Although economics has increasingly become a technical subject, this accessible book aims to present important economics results and relate them explicitly to the policy debate. Using a coherent analytical framework, this unique approach offers prescriptions for moving tourism, and economic development more generally, closer to a sustainable ideal. The authors begin by studying the macroeconomic effect of tourism in terms of growth performance and sources of growth. They also examine how the tourism–growth link is affected by the role of imports in the economy, and how tourism impacts upon land use. Further chapters investigate the important issue of forecasting visitor numbers and explore the need for a comprehensive accounting framework to take account of ecologically sustainable tourism. The authors also examine the microeconomic aspects of sustainable tourism and analyse the increasing popularity of environmentally friendly holidays.

Chapter 5: How to develop an accounting framework for ecologically sustainable tourism

Cesare Costantino and Angelica Tudini

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


Cesare Costantino and Angelica Tudini INTRODUCTION Tourism is an area of specific interest in economic analysis, especially in a macroeconomic perspective. It has become even more so with the increasing importance attached to issues related to sustainable development, given the many important implications of the sector in the economic and social sphere, as well as the pressure it may exert on the natural environment locally and world-wide. In the debate on ecologically sustainable development, tourism is included among target sectors of environmental policy. Since integrated environmental and economic accounting is acknowledged as an important instrument for implementing a sustainability strategy, it would be interesting to develop a specific accounting module focused on tourism and its interrelationships with the natural environment. Such a work can build on methodological achievements now available within official statistics. A preliminary step towards the development of an integrated environmental and economic accounting module specific for tourism is the definition of a system of economic accounts concerning the sector. Since a thorough economic analysis cannot be pursued within the central framework of the conventional economic accounts, what is needed is an economic satellite account for tourism. The internationally agreed ‘Tourism Satellite Account – Recommended Methodological Framework’ (TSARMF) is the answer to this need. It is essential to take this framework into account, if an accounting framework for tourism is to be developed which addresses environmental issues while ensuring proper links with official economic information on the same sector. The following step addresses...

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