The Fondazione Eni Enrico Mattei series on Economics, the Environment and Sustainable Development
Edited by Alessandro Lanza, Anil Markandya and Francesco Pigliaru
Chapter 5: How to develop an accounting framework for ecologically sustainable 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...