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What is Long-Run Perspective

Advanced Integrated Approaches to Environmental Economics and Policy: Emerging Research and Opportunities
The long run is a theoretical concept where all markets are in equilibrium and all prices and quantities have fully adjusted and are in equilibrium.
Published in Chapter:
From Linear to Circular Tourism: Environmental Challenge for Tourism
Sebastiano Patti (University of Catania, Italy) and Antonino Messina (Independent Researcher, Italy)
DOI: 10.4018/978-1-5225-9562-5.ch007
Abstract
There are several relevant studies concerning tourism and environment, some of them studying ecotourism, recreation ecology, adventure tourism, and parks and wilderness management. Many publications on sustainable and responsible tourism described the relationship between environmental and economic growth and considered it important to have to consider them in an integrated approach. Usually, the research highlighted the negative impact of tourism on the environment. However, tourism and environment can be complementary to each other, and sustainable management of tourism may produce positive externalities on the environment. This chapter focuses on the environmental challenges of tourism throughout the passage from linear to circular tourism.
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