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Tourism sector in Panama : regional economic impacts and the potential to benefit the poor

Author

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  • Klytchnikova, Irina
  • Dorosh, Paul
Abstract
Tourism is one of Latin America's fastest growing industries but the impact of tourism on the poor and the effects on lagging regions are under debate. Many studies have evaluated the growth impacts of the tourism sector but few have analyzed the impact of tourism on the economy and poverty at the subnational level in developing countries. As a country marked by a"dual economy,"Panama shares with other Latin American countries a fast growing, modern urban sector side by side with impoverished rural and peri-urban populations. Tourism has been growing in Panama and contributes at least 6 percent of gross domestic product. This paper presents the results of a top-down assessment of the impact of tourism spending on growth and poverty at the regional (province) level in Panama using a Social Accounting Matrix model. As revealed by this study, the tourism sector has large multiplier effects on the Panamanian economy and has the potential for significant benefits to the poor. But tourism's poverty benefits are neither automatic nor ubiquitous. They depend on where and how supply chains are structured and on the way tourists spend their money.

Suggested Citation

  • Klytchnikova, Irina & Dorosh, Paul, 2012. "Tourism sector in Panama : regional economic impacts and the potential to benefit the poor," Policy Research Working Paper Series 6183, The World Bank.
    • Handle: RePEc:wbk:wbrwps:6183
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    References listed on IDEAS

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    2. Vanegas Sr., Manuel & Croes, Robertico, 2007. "Tourism, Economic Expansion and Poverty in Nicaragua: Investigating Cointegration and Causal Relations," Staff Papers 7306, University of Minnesota, Department of Applied Economics.
    3. Bichaka Fayissa & Christian Nsiah & Badassa Tadasse, 2009. "Tourism and Economic Growth in Latin American Countries(LAC): Further Empirical Evidence," Working Papers 200902, Middle Tennessee State University, Department of Economics and Finance.
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    Cited by:

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    2. Garsous, Grégoire & Corderi, David & Velasco, Mercedes, 2015. "Tax Incentives and Job Creation in the Tourism Industry of Brazil," IDB Publications (Working Papers) 7324, Inter-American Development Bank.
    3. Andraz, Jorge M. & Norte, Nélia M. & Gonçalves, Hugo S., 2015. "Effects of tourism on regional asymmetries: Empirical evidence for Portugal," Tourism Management, Elsevier, vol. 50(C), pages 257-267.
    4. Grégoire Garsous & David Corderi & Mercedes Velasco, 2015. "Tax Incentives and Job Creation in the Tourism Industry of Brazil," IDB Publications (Working Papers) 91996, Inter-American Development Bank.
    5. Jorge M. Andraz & Nélia M. Norte & Hugo S. Gonçalves, 2016. "Do tourism spillovers matter in regional economic analysis? An application to Portugal," Tourism Economics, , vol. 22(5), pages 939-963, October.
    6. Loris NADOTTI & Valeria VANNONI, 2019. "Cultural and event tourism: an interpretative key for impact assessment," Eastern Journal of European Studies, Centre for European Studies, Alexandru Ioan Cuza University, vol. 10, pages 115-131, June.
    7. Onil Banerjee & Martin Cicowiez & Sebastien Gachot, 2015. "A Framework for Ex-Ante Economic Analysis of Tourism Investments: An Application to Haiti," IDB Publications (Working Papers) 91317, Inter-American Development Bank.
    8. Banerjee, Onil & Cicowiez, Martin & Gachot, Sebastien, 2015. "A Framework for Ex-Ante Economic Analysis of Tourism Investments: An Application to Haiti," IDB Publications (Working Papers) 7238, Inter-American Development Bank.

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    More about this item

    Keywords

    Cultural Policy; Cultural Heritage&Preservation; Tourism and Ecotourism; Transport Economics Policy&Planning; Accommodation&Tourism Industry;
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