La relation entre tourisme, croissance et développement inclusifs dans les petites destinations insulaires de luxe : l’exemple d’Anguilla dans la Caraïbe
The romantic image of luxury tourism in Caribbean, Indian Ocean, and pacific islands make you often dream and attracts for many years a high profile customer. Would the expenses incurred by the visitors lead to a positive impacts on economic growth? What are the impacts on environment and human aspe...
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| Format: | Article |
| Language: | English |
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Université des Antilles
2015-04-01
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| Series: | Études Caribéennes |
| Subjects: | |
| Online Access: | https://journals.openedition.org/etudescaribeennes/7409 |
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| Summary: | The romantic image of luxury tourism in Caribbean, Indian Ocean, and pacific islands make you often dream and attracts for many years a high profile customer. Would the expenses incurred by the visitors lead to a positive impacts on economic growth? What are the impacts on environment and human aspects? Briefly, does the principles of sustainable and inclusive development a concept applicable in these islands? Anguilla, a small luxury island in the Caribbean area is used as case study.The purpose of this study is to determine the role of tourism in the economy of Anguilla. More specifically, this investigation attempts to verify the presence of the tourism-led growth hypothesis (TLGH) in the case of Anguilla, also to explore the nature of the linkage between the tourism sector and the agriculture, manufacturing and other service industries in the long-run and the short-run. In so doing, two regression models are used in a cointegration framework. The long-run relation indicates that a 1% change in tourism revenues in Anguilla would lead to a 0.6% increase in real GDP in the long-run, ceteris paribus.Our findings have also empirically verified the presence of the tourism-led growth hypothesis.However, the application of the error-correction methodology, produced results which suggested that the agriculture sector has contracted as the tourism sector expanded. In conclusion, the economic growth in Anguilla is positively affected by growth in the tourism sector as the latter sector loses resources to the expanding sector. |
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| ISSN: | 1779-0980 1961-859X |