旅游业是长期经济增长的因素：以西班牙为例外文翻译.docVIP

本科毕业论文外文翻译 外文题目：TOURISM AS LONG-RUN ECONOMIC GROWTH FACTOR:THE SPANISH CASE 出 处： Primera Edición Junio 2000 Depósito Legal: V-2576-2000 作 者： Jacint Balaguer and Manuel Cantavella-Jordá 原文： TOURISM AS A LONG-RUN ECONOMIC GROWTH FACTOR: THE SPANISH CASE Jacint Balaguer and Manuel Cantavella-Jordá* A B S T R A C T This paper examines the role of tourism in the Spanish long-run economic development. The tourist-led growth hypothesis is tested. The results indicate that, at least, during the last three decades economic growth in Spain has been sensible to persistent expansion of international tourism. The increase of this activity has produced multiplier effects over time. External competitivity has also been proved in the model to be a fundamental variable for Spanish economic growth in the long run. From the empirical analysis it can be inferred the positive effects on income that government policy, in the adequacy of supply as well as in the promotion of tourist activity, may bring about. Key words: economic growth, international tourism, multiplier effects I. INTRODUCTION A distinctive feature of Spain is its importance as an international tourist destination as well as the relative weight that foreign exchange income has in its economy. As a matter of fact, the earnings from tourism have systematically compensated Spanish trade imbalances since the seventies. In view of this situation, the economists have very often taken for granted that the inflow of foreign exchange for this concept would stimulate a country’s economic development. Nevertheless, this hypothesis has not been yet tested and therefore it may be interesting to analyse whether it is empirically significant or not over time. Several decades of tourist expansion in Spain may probably represent enough time to examine if international tourism growth has significantly contributed to