Tourism and the Economic Paradigm


This chapter provides an up-to-date review of the core topics pertaining to tourism economics. Particular focus is laid on the system of concepts, principles and theoretical arguments derived from modern economics. In tourism research, the economic perspective advances our knowledge with respect to the mechanism behind tourist behavior, the underpinnings of tourism firms’ efficiency and productivity, the rationale for promoting tourism development, and the global impacts of the tourism sector. This chapter also identifies streams of potential future research concerning the changes in tourism patterns, business dynamism, macroeconomy, and globalization, in the wake of the unprecedented pandemic. To address those research questions thoroughly, it becomes more vital than ever before for tourism economists to pursue interdisciplinary collaboration.

Divisions: College of Business and Social Sciences > Aston Business School > Centre for Personal Financial Wellbeing
College of Business and Social Sciences > Aston Business School > Economics, Finance & Entrepreneurship
College of Business and Social Sciences > Aston Business School
Additional Information: This is a draft chapter/article. The final version is available in <A Modern Guide to Tourism Economics> edited by R. Croes and Y. Yang, published in 2022, Edward Elgar Publishing Ltd: The material cannot be used for any other purpose without further permission of the publisher, and is for private use only.
Uncontrolled Keywords: Economic Paradigm,Tourism Demand,Structure-Conduct-Performance (SCP) Paradigm,Economic Growth,Business Cycle,Globalization
ISBN: 978 1 80037 875 9, 978 1 80037 875 6
Last Modified: 16 Feb 2024 08:16
Date Deposited: 31 Oct 2022 14:13
Full Text Link:
Related URLs: https://www.e-e ... 1800378759.html (Publisher URL)
PURE Output Type: Chapter
Published Date: 2022-09
Authors: Cao, Zheng (ORCID Profile 0000-0002-3545-7313)



Version: Accepted Version

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