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Tourism shocks, skill‐biased technological change, and economic growth: A general equilibrium analysis

Óscar Afonso

International Journal of Economic Theory2025https://doi.org/10.1111/ijet.12424article
AJG 2ABDC B
Weight
0.37

Abstract

This study extends the Direct Technical Change model to explore how tourism shocks influence sectoral competitiveness, wages, skill premium, technological knowledge, and economic growth. Tourism impacts the economy by reallocating labor from production to services and stimulating R&D, disproportionately benefiting skilled‐labor‐intensive sectors and fostering innovation. By incorporating labor dynamics and technological absorption, this study bridges gaps in existing literature, offering actionable insights for policymakers to drive sustainable and inclusive growth. Numerical simulations corroborate the theoretical findings, highlighting scenarios where R&D‐driven innovation outweighs labor reallocation losses, emphasizing tourism's potential as a catalyst for innovation and long‐term economic development.

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https://doi.org/https://doi.org/10.1111/ijet.12424

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@article{óscar2025,
  title        = {{Tourism shocks, skill‐biased technological change, and economic growth: A general equilibrium analysis}},
  author       = {Óscar Afonso},
  journal      = {International Journal of Economic Theory},
  year         = {2025},
  doi          = {https://doi.org/https://doi.org/10.1111/ijet.12424},
}

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Tourism shocks, skill‐biased technological change, and economic growth: A general equilibrium analysis

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Evidence weight

0.37

Balanced mode · F 0.40 / M 0.15 / V 0.05 / R 0.40

F · citation impact0.16 × 0.4 = 0.06
M · momentum0.53 × 0.15 = 0.08
V · venue signal0.50 × 0.05 = 0.03
R · text relevance †0.50 × 0.4 = 0.20

† Text relevance is estimated at 0.50 on the detail page — for your query’s actual relevance score, open this paper from a search result.