The Economics of Tourism and Sustainable Development

Edited by
Alessandro Lanza
Director, Fondazione Eni Enrico Mattei (FEEM), Milan, Italy
Anil Markandya
Fondazione Eni Enrico Mattei (FEEM), Milan, Italy and
Professor of Economics, University of Bath, UK
Francesco Pigliaru
Professor of Economics, University of Cagliari and CRENoS,
Italy

Contents
List of contributors vii
Introduction 1
Alessandro Lanza, Anil Markandya and Francesco Pigliaru
1 An investigation on the growth performance of small tourism
countries 8
Rinaldo Brau, Alessandro Lanza and Francesco Pigliaru
2 Forecasting international tourism demand and uncertainty for
Barbados, Cyprus and Fiji 30
Felix Chan, Suhejla Hoti, Michael McAleer and Riaz Shareef
3 Land, environmental externalities and tourism development 56
Javier Rey-Maquieira Palmer, Javier Lozano Ibáñez and Carlos
Mario Gómez Gómez
4 Tourism, increasing returns and welfare 87
Jean-Jacques Nowak, Mondher Sahli and Pasquale Sgro
5 How to develop an accounting framework for ecologically
sustainable tourism 104
Cesare Costantino and Angelica Tudini
6 The effect of climate change and extreme weather events on
tourism 173
Andrea Bigano, Alessandra Goria, Jacqueline Hamilton and
Richard S.J. Tol
7 Sustainable tourism and economic instruments: international
experience and the case of Hvar, Croatia 197
Tim Taylor, Maja Fredotovic, Daria Povh and Anil Markandya
8 Tourism and sustainable development: lessons from recent
World Bank experience 225
Anil Markandya, Tim Taylor and Suzette Pedroso
9 Using data envelopment analysis to evaluate environmentally
conscious tourism management 252
Valentina Bosetti, Mariaester Cassinelli and Alessandro Lanza
10 A tale of two tourism paradises: Puerto Plata and Punta
Cana – the determinants of room price in the Dominican
Republic using a hedonic function approach 269
Giovanni Ruta and Suzette Pedroso
11 A choice experiment study to plan tourism expansion in Luang
Prabang, Laos 288
Sanae Morimoto
Index 309
vi Contents