Abstract

LONDON, Silvia; ROJAS, Mara Leticia  and  CANDIAS, Karen Natalí. Sustainable Tourism: A Model for Growth Using Natural Resources. Ens. Econ. [online]. 2021, vol.31, n.58, pp.158-177.  Epub July 16, 2021. ISSN 0121-117X.  https://doi.org/10.15446/ede.v31n58.88712.

In the framework of the UNDP's 2030 Agenda and the Sustainable Development Goals, natural resource-intensive activities are of great interest. Among them, tourism is highlighted as an activity to boost growth. However, said activity also causes environmental damage that could even undermine the tourism industry's own base. As such, this article presents a simple growth model of overlapping generations and a discrete analysis for tourism based natural resource-intensive economies. The results show that the final position of the economy is determined by the degree of use of resources in tourist activities, the impatience of the population regarding intertemporal consumption decisions - intertemporal preference-, the presence of pollution and the existence or lack of mitigation measures. It is concluded that the presence of positive self-reinforcement among the economic resources destined for the development of the activity and stock of natural resources exist if the mitigation measures are adequate. The contribution is towards the formulation of policy by recognizing the basis of the casual mechanisms that lead to a result of sustainable tourism.

JEL: L83; Z32; O41; O44.

Keywords : tourism; growth; natural resources; sustainability; intertemporal preference; overlapping generations model.

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