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Periodical article Periodical article Leiden University catalogue Leiden University catalogue WorldCat catalogue WorldCat
Title:Tourism and Welfare in Sub-Saharan Africa: A Theoretical Analysis
Authors:Chen, Lein Lein
Devereux, John
Year:1999
Periodical:Journal of African Economies
Volume:8
Issue:2
Period:July
Pages:209-227
Language:English
Geographic term:Subsaharan Africa
Subjects:wealth
tourism
Economics and Trade
Development and Technology
External link:https://jae.oxfordjournals.org/content/8/2/209.full.pdf
Abstract:Using the standard general equilibrium model of trade, this paper examines the welfare effects of tourism for developing countries with particular reference to sub-Saharan Africa. It shows that for most developing economies, tourism exports are welfare improving as tourism increases welfare with import restrictions and export subsidies. Moreover, this result holds with quantitative restrictions and foreign investment in tourism. There are, however, circumstances where tourists may reduce welfare that warrant attention for sub-Saharan Africa. Welfare reduction occurs when tourism worsens the trade distortions associated with export restrictions and import subsidies that dominate the trade regimes of these economies. Thus, it is by no means clear that tourists are a boon to Africa with current trade regimes. Finally, the paper shows that direct foreign investment in tourism is, for the most part, beneficial. App., bibliogr., notes, ref., sum.
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