Abstract:This study is devoted to considering dynamic properties of an environmental protection expenditures model for protected areas (PAs) with two delays. It presents an improved understanding of relationship among tourism, environment, and capital stock in PAs and provides a sustainable strategy to keep the balance between them. The model considers the interactions among environmental resource
E$$ E $$, visitors
V$$ V $$, and capital stock
K$$ K $$ in PAs. The tourism income is used partly to increase the capita… Show more
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