Article 1, Volume 5 Issue 2

Seasonality, Infrastructures and Economic growth in Touristic islands

Author

Juan Pedro Aznar – (ESADE Business and Law School, Ramon Llull University)

Josep Maria Sayeras Maspera – (ESADE Business and Law School, Ramon Llull University)

Jordi Vives – (ESADE Business and Law School, Ramon Llull University)

Received February 28, 2019; accepted April 5, 2019.

Abstract

Tourism is the main economic activity in some small islands that have became very dependent on this activity. Sun and beach destinations are characterized by high levels of seasonality, with consequences on unemployment, economic activity diversification and GDP per capita. This paper analyzes the empirical evidence from the Balearic island of Mallorca, one of the most important touristic destinations in Spain. This research has analyzed the existence of correlation between seasonality and unemployment, GDP per capita, housing prices, the paper also examines the importance of location and infrastructure. The variable with a highest explanatory capacity in terms of GDP per capita is the distance to the airport. National and regional governments must consider the importance of infrastructures and the role seasonality plays in economic growth and economic activity diversification; the understanding of these relations will help to develop the most adequate public policies.

El turismo es la principal actividad económica en algunas islas pequeñas que se han vuelto muy dependientes de esta actividad. Los destinos de sol y playa se caracterizan por altos niveles de estacionalidad, con consecuencias sobre el desempleo, la diversificación de la actividad económica y el PIB per cápita. Este artículo analiza la evidencia empírica de la isla balear de Mallorca, uno de los destinos turísticos más importantes de España. Esta investigación ha analizado la existencia de correlación entre la estacionalidad y el desempleo, el PIB per cápita y los precios de la vivienda. El documento también examina la importancia de la ubicación y la infraestructura. La variable con mayor capacidad explicativa en términos de PIB per cápita es la distancia al aeropuerto. Los gobiernos nacionales y regionales deben considerar la importancia de las infraestructuras y el papel que juega la estacionalidad en el crecimiento económico y la diversificación de la actividad económica. La comprensión de estas relaciones ayudará a desarrollar las políticas públicas más adecuadas.

Citation

Aznar, J. P., Sayeras, J. M., & Vives, J. (2019). Seasonality, Infrastructures and Economic Growth in Touristic Islands. European Accounting and Management Review5(2), 1-11.

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