Abstract

The present work analyzes productive technologies and tourist supply systems' efficiency of European countries through estimation of tourist cost functions in 1970-1992. It also considers the omogeneity measure of tourist production functions. The results sbow relevant differences charactterizing tourist industries in European countries and production costs' influence to their supplies' productivity. In this productive system the analysis of investments, labour cost and capital points out the peculiar instability of Italian tourist system. In fact, in spite of other European countries, it amplifies shocks in a non convergent disequilibrium process. In European Union, tourist total productivity analysis also shows another relevant anomaly in Italian tourist industry: productivity decrenses when activities' scale increases, in contrast with all the other European countries but in agreament with the particular investments behaviour.

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