Federico inchausti-sintes

University of Las Palmas de Gran Canaria | ULPGC · Departamento de Análisis Económico Aplicado (DAEA)

Although tourism has produced long-term growth and progress, the economic consequences of this economic specialisation, which is summarised by the paradoxical effect known as the Dutch Disease, alongside the worst financial performance in tourism-led economies as a result of the COVID-19 pandemic, indicate the need for diversification in such econo...

To date tourism has been synonymous with intense territorial use, which has led to a reconsideration of the relationship between tourism and its location in order to foster more environmentally-friendly development. In this context, the paper provides a novel approach to the analysis of tourism and the environment by developing a theoretical genera...

This article analyzes the consequences of tourism specialization on efficiency in the hotel sector. The evidence found in other sectors and economies supports the goodness specialization. Nevertheless, tourism-led economies have particular issues that need to be addressed such as seasonality and the lack of significant tradable competitive activiti...

This research analyses the economic impact of a 200 MW offshore floating wind farm in an isolated tourist-led region as the Canary Islands in terms of regional and national gross value added (GVA) and employment. After analysing the value chain of the offshore wind energy industry, the impact of the regional and national economy has been estimated...

The broad impact of the travel industry on economies has been comprehensively analysed in the tourism literature. Despite this, its consequences for monetary policy have remained unaddressed. This article aims at providing a first approach in this line for the case of three small tourist islands such as Cabo Verde, Mauritius and Seychelles. The res...

The analysis of productivity in tourism has mainly focused at sectoral level. However, the strong dependence on services and its impact at macroeconomic level in tourism-led economies should require a deeper analysis of productivity, especially when faced with increased cheaper competition. This article estimates a stochastic production frontier an...

The Balearic and the Canary Islands are two well-known tourism-led economies. They both experienced a tourism boom during the same decades, and, hence, they developed a similar productive-mix. Nevertheless, there are strong economic differences between the two regions. While the Balearic Islands enjoy a high GDP per capita, the Canary Islands show...

Airbnb is now present in many tourist destinations worldwide. With the pricing power in the hands of the individual hosts, the assessment of competition is of great relevance. Despite the many studies on the drivers of Airbnb prices, there is no contribution yet on how quality affects the spatial dimensions of Airbnb markets. We aim to fill this ga...

In the early 2000s, the Parliament of the Canary Islands passed a series of tourism moratoria to restrict the growth in tourism supply. Even though the effects of moratoria have been covered in the literature, there is little quantitative evidence about their economic impact on the destinations, particularly in relation to the goal of increasing th...

Traditional sun-and-beach destinations in advanced economies are facing increased competition from cheaper destinations in emerging countries. In contrast to other capital-intensive sectors, tourism, as a service-based activity, cannot make significant productivity gains to improve its competitiveness. Moreover, tourism-led economies have an underd...

Two processes can be used to summarize the productive-mix of a tourism-led economy: the lack of a significant secondary sector and strong tertiarization. Both developments have had significant consequences for productivity gains that, as shown by empirical research, are key to understanding economic progress. In fact, this productivity has been pre...

There are a multitude of factors, both internal and external, that may affect the development and success of any transport project. ‘Success’ is both context-dependent and quite difficult to measure. This paper distinguishes between four types of ‘success’ variables: (lack of) cost overruns; (lack of) time delays; (ex-post) level of traffic; and (g...

Tourists’ perception of saving money with the cheaper air fares offered by low-cost carriers may encourage them to spend more money at their destinations. This paper aims to test the following hypothesis: “Low-cost travel savings from tourists’ place of origin are transferred, at least partially, to higher tourism expenditures at the destination”....

Background: The issue of measuring the contribution of air transport to the regional economy is very important nowadays since many airport infrastructure projects are being implemented, using available European Union funds. As a result of growing transport needs and increasing incomes among the population, the air transport market is strongly devel...

Since 2008, Spain has sustained a significant economic recession. Tourism is seen as a possible substitute for weakened domestic demand and, thus, an opportunity for to economic revitalisation the economy. Nevertheless, tourism also has profound consequences on the economy at the microeconomic level regarding resource allocation, exchange rate appr...

This paper explores how tourists from 165 regions of EU-27 countries cut back their tourism expenditure during the global economic crisis in 2009. Cutbacks in tourism expenditure are divided into two mutually related decisions: Firstly, whether or not the tourists decided to cut back on tourism expenditure because of the crisis; and second, which o...