This study focuses on the dynamic evolution of a small open economy specialized in tourism based on natural resources …

Tourism is one of the most important growth leading sectors in the world's economy. However, economies endowed with …, the literature on tourism lacks a theoretical investigation of the link between tourism and economic growth. To this end … which both intertemporal sustainable consumption and growth-driving tourism are finally reconciled. Our main problem is to …

This paper analyses the market transformations in heritage tourism destinations when excessive tourism demand …), some important dimensions of sustainable tourism development are highlighted. The lesser capacity of excursionists to learn … goods and keep up the reputation of the destination, producers need to gain a mark-up on price that might not be sustained …

-access impact on steady-state welfare, NR, sectoral employment, output and price, relative to optimal regulation.The main findings …