The purpose of this study is to introduce tourism, externalities, and public goods to a small-open growth with endogenous wealth and public goods supply. We develop the model on the basis of the Solow-Uzawa growth model, the neoclassical neoclassical growth theory with externalities, and ideas from tourism economics. The economy consists of three – service, industrial, and public - sectors. The production side is based on the traditional growth theories, while the household behavior is described by an alternative utility function proposed by Zhang.
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Library ResourcePeer-reviewed publicationJune, 2015
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Library ResourcePeer-reviewed publicationDecember, 2011Kazakhstan
Kazakhstan land is rich with position of biological, climatic, cultural and natural variety, which promotes the tempestuous development of the tourist business. As it is well known, tourist business is a highly profitable branch to economic activity. Exactly so one of the priority direction of the economy in Kazakhstan is determined "tourist cluster". Its shaping means the development to tourist industry, making the tourist products and rendering the tourist services, which can compete on the world market.
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