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Tourism growth and regional resilience: the "beach disease' and the consequences of the global crisis of 2007

dc.contributor.authorRomão, João
dc.contributor.authorGuerreiro, J.
dc.contributor.authorRodrigues, Paulo M. M.
dc.date.accessioned2017-04-07T15:56:18Z
dc.date.available2017-04-07T15:56:18Z
dc.date.issued2016-08
dc.description.abstractAs a consequence of the international financial crisis in 2007, the region of Algarve, where tourism plays an important economic and social role, suffered a decrease in tourism demand, while unemployment increased sharply. Although tourism activities registered a quick recovery, unemployment levels continued to grow. This article examines the impacts of tourism activities on the sectorial structure of the regional economy, using a Bayesian vector autoregressive model. The results reveal that tourism growth did not automatically create the expected positive impacts on the economic performance of the other sectors, as was expressed by the objectives defined in the regional development strategies over the last two decades. The positive impacts of tourism were concentrated in the production of non-tradable goods and the construction sector, leading to a significant reduction of the weight of the tradable sector within the regional economy, similar to a process of deindustrialization described as the Dutch disease'. The decline of construction activities after 2007 has led to a significant increase of regional unemployment, although tourism growth has returned to pre-crisis' levels, revealing the lack of regional resilience.
dc.identifier.doi10.1177/1354816616654243
dc.identifier.issn1354-8166
dc.identifier.urihttp://hdl.handle.net/10400.1/9376
dc.language.isoeng
dc.peerreviewedyes
dc.publisherSAGE Publications
dc.relation.isbasedonWOS:000380945600003
dc.titleTourism growth and regional resilience: the "beach disease' and the consequences of the global crisis of 2007
dc.typejournal article
dspace.entity.typePublication
oaire.awardURIinfo:eu-repo/grantAgreement/FCT/5876/UID%2FECO%2F04007%2F2013/PT
oaire.awardURIinfo:eu-repo/grantAgreement/FCT/SFRH/SFRH%2FBPD%2F98938%2F2013/PT
oaire.citation.conferencePlaceLisbon, Portugal
oaire.citation.endPage714
oaire.citation.issue4
oaire.citation.startPage699
oaire.citation.titleTourism Economics
oaire.citation.volume22
oaire.fundingStream5876
oaire.fundingStreamSFRH
person.familyNameRomão
person.familyNameGuerreiro
person.familyNameRodrigues
person.givenNameJoão
person.givenNameJoão
person.givenNamePaulo
person.identifier.ciencia-id2519-FE02-1F4C
person.identifier.orcid0000-0001-6024-2624
person.identifier.orcid0000-0002-5125-767X
person.identifier.orcid0000-0003-1285-7493
person.identifier.ridM-4317-2013
person.identifier.scopus-author-id55365378500
person.identifier.scopus-author-id24757876600
person.identifier.scopus-author-id55914151600
project.funder.identifierhttp://doi.org/10.13039/501100001871
project.funder.identifierhttp://doi.org/10.13039/501100001871
project.funder.nameFundação para a Ciência e a Tecnologia
project.funder.nameFundação para a Ciência e a Tecnologia
rcaap.rightsrestrictedAccess
rcaap.typearticle
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