The Oil Crisis, Transition to Democracy and the Slump in Spanish Tourism Growth, 1973-1985
Abstract
The aim of this paper is to analyze the significant effects of the seventies oil crisis and the end of the Golden Age in Western economies at a time when Spain had the political transition process to democracy. These brought about: negative annual rates of change in national and international tourist supply and demand for the first time since 1946, serious capitalization problems in the hotel sector and a tourism policy applied by public authorities, which was influenced by and largely continued the institutional changes brought by the Constitution passed in 1978.Downloads
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