An analysis of tourists' consumption of non-traded goods and services on the welfare of the domestic consumers

A Reassessment of Tourism-Exports Led Growth Hypothesis in Africa

“…In a Komiya (1963) type firstbest model, tourism is always welfare improving. Also, Hazari and Ng (1993) show that in a monopoly power framework, tourism may be welfare reducing, in another article, Hazari and Sgro (1995) developed a dynamic model in which a favourable impact of a buoyant world demand for tourism would have a positive effect on the long run growth of a small economy. This favourable impact is generated by tourism behaviour as a timesaving device that allows domestic population to consume now rather than later due to the requirement of a lower saving rate.…”

Remesas, Inversión Extranjera Directa Y Turismo: Algunas Interrelaciones De Largo Plazo Con El Consumo Privado en México

“…Este último proceso puede conducir a que los países pobres que cuentan con un alto potencial turístico, vean incrementar su dependencia hacia los ciclos económicos que se suscitan en los países desarrollados. Por otra parte, la estructura de los mercados es otro factor que se debe tomar en cuenta: una alta concentración del capital podría producir incrementos en la desigualdad y pobreza, afectando negativamente el bienestar (Hazari y Ng, 1993), o al menos diluyendo los efectos positivos esperados (Oh, 2005).…”

The Impact of Inbound Demand on Price Levels in Tourism Municipalities: Empirical Evidence from Catalonia

“…They find that although an expansion of tourism increases the relative price of the non-traded good, improves the tertiary terms of trade and yields a gain in revenue, it results in a lowering of the demand for capital used in the traded sector, with a subsequent de-industrialization in the traded good sector which may lower resident welfare. Hazari and Ng (1993) analyse the consequences of tourists' consumption of non-traded goods and services on the domestic economy of the country receiving the tourist. They show how the consumption of non-traded goods and services affects the domestic consumption possibility locus and how this may reduce the welfare of the local residents.…”

“…A few studies exist on the impact of tourism on prices (and other variables, such as gross domestic product, employment and exchange rates) from a macroeconomic point of view (Hazari and Ng, 1993;Adams and Parmenter, 1995;Zhou et al, 1997;Nowak et al, 2003;Narayan, 2004;Chao et al, 2005Chao et al, , 2006. These studies rely on strong assumptions rather than on empirical results (see the 'theoretical framework' section).…”