1,721,079 research outputs found
"Il metodo edonico applicato al mercato delle abitazioni: i prezzi impliciti della qualità di vita nei comuni della Sardegna ",
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Tourism, environmental quality and economic growth: empirical evidence and policy implications
No full textBivariate VAR models to test Granger causality between tourist demand and supply: implications for regional sustainable growth
No full textThe relationship between tourist demand and supply is investigated employing four time series models. To test for Granger causality a bivariate vector autoregression framework is used. Empirical results from each model are derived for the island of Sardinia (Italy) over the time span 1955 to 2004. The first model suggests supply is demand-driven; the second model implies a bi-directional Granger-causal relationship between demand and capacity. The third and fourth models indicate demand is quality-driven. This empirical finding implies that an environmental conservation policy may be feasible without compromising the number of tourists visiting Sardinia and hence its economic growth
Regional public policy and tourism life cycle: the case of Sardinia, ERSA Annual Conference
No full textRegional Public Policy and Tourism Life Cycle: the Case of Sardinia
No full textThe life cycle approach (LCA) is considered as a useful descriptive and normative tool for
analysing the development of destinations and the evolution of markets. A case study of the Island of
Sardinia (Italy) highlights the utility of the LC A approach because this region provides a long run
indicator, in terms of nights of stay, number of beds and accommodation for approximately fifty years
of tourist activity and, through out this span of time, the Island has experienced several stages of the life
cycle. One of the aims of this paper is to verify the lag between tourist cons umption and tourist supply.
An econometric and descriptive approach has detected heterogeneities between the domestic and
international tourist life cycle. The main result is th at in recent years Sardinian tourism is experiencing a
declining stage of domestic demand and a maturity stage for international demand. Supply denotes a
stable growth in terms of number of accommodation, whereas since the Seventies capacity has increased
more than demand. Moreover, the paper shows th at the dynamics of tourist demand are strictly
dependent on the local public policy maker’s actions and socio-economic changes. Furthermore, the
development of the accommodation sector is triggered by several factors. In the last few years numerous
changes have occurred in Sardinia in terms of transportation (e.g. low cost airlines), information
technology advancements and public policy implemen tation that have influenced the preferences of
tourists; nevertheless, the divergence between de mand and supply within the life cycle framework
introduces the critical question: what is the importance of a long run economic planning and the
sustainability of tourism production
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