Analysis of the impact of tourism sector as a viable response to South Africa’s growth and development challenges

Schyff, Tanya Van der; Meyer, Daniel; Ferreira, Lorainne

doi:10.14254/2071-8330.2019/12-1/11

Cited by 19 publications

(8 citation statements)

References 24 publications

Supporting

Mentioning

Contrasting

Unclassified

Order By: Relevance

“…Outcomes from the time-varying coefficients model showed that tourism receipts have positive predictive power over GDP. A study of the relationship between tourism and GDP growth carried out by Van der Schyff et al (2019), using cointegration and VECMs, also confirmed the existence of a long-run relationship between both variables in South Africa.…”

Section: Literature Reviewmentioning

confidence: 65%

GDP volatility implication of tourism volatility in South Africa: A time-varying approach

Olasehinde‐Williams

Olanipekun²

2020

Tourism Economics

View full text Add to dashboard Cite

The importance of tourism as one of the bedrocks of economic growth in South Africa suggests that volatility in the sector may have dire consequences. We therefore empirically analyse the impact of tourism volatility (TV) on the gross domestic product (GDP) volatility of the country, using time-varying approaches that treat the parameter estimations as functions of time, thereby overcoming the challenge posed by parameter instabilities, non-linearities, non-stationarity, regime shifts and time variations. We find that TV significantly aggravates GDP volatility (GDPV) in South Africa. The impact varies from year to year and is greatest during the periods characterized by economic turbulence and crime and violence against foreigners. The size of the coefficients has been on a steady increase over time, reflecting the growing importance of tourism and TV to the South African economy. We also find that TV is a significant predictor of GDPV in the country. We strongly recommend that policymakers pay serious attention to economic happenings around the world since TV is one of the channels through which global economic crises affect the South African economy. We also recommend that the minimization of crime and social disorder should form an essential component of tourism development and promotion strategy in South Africa.

show abstract

Section: Literature Reviewmentioning

confidence: 65%

GDP volatility implication of tourism volatility in South Africa: A time-varying approach

Olasehinde‐Williams

Olanipekun²

2020

Tourism Economics

View full text Add to dashboard Cite

show abstract

“…According to Van Der Schyff et al (2019), TRM makes around 7% of the total global revenue. Tourism led ECO has gained lots of attention in recent times, there are several empirical and theoretical studies on to 2017 and found a long-run nexus between TRM and EG.…”

Section: Sustainable Tourism and Economic Growthmentioning

confidence: 99%

Adoption of renewable energy sources, low‐carbon initiatives, and advanced logistical infrastructure—an step toward integrated global progress

Khan

Godil²,

et al. 2021

Sustainable Development

View full text Add to dashboard Cite

This study aims to empirically evaluate the effect of low carbonation, crime rate, and logistical infrastructure on tourism and economic development of the Association of Southeast Asian Nations (ASEAN) tourist countries through structural equation modeling for the sample period from 2011 to 2019. The proposed model presented six hypotheses among four constructs that suggest that logistic performance and renewable energy consumption positively affect tourism, whereas the crime rate harms tourism in ASEAN countries. As far as the economic growth of ASEAN countries is concerned, it is positively affected by logistic performance, renewable energy, and tourism. Thus, it can be concluded that better ecological conditions with less carbon emission through the use of renewable energy, efficient logistics services and infrastructure, and a peaceful environment with a low-crime rate can boost the tourists' arrival, which in turn would be beneficial for the economy of ASEAN countries.

show abstract

“…Cooperation within a particular tourism-oriented supply chain is mainly focused on integrating the available resources and increasing the likelihood of the successful operation of individual suppliers [9]. Relations occurring within the scope of a tourism-specific supply chain can be characterized by taking advantage of the following criteria: Approach to a tourist as a member of the supply chain (direct, indirect) [10] Business goals resulting from relations between entities operating on the tourism-oriented market are directed towards the increase of generated income, cost reduction, maintaining relations with clients, increasing competitiveness, boosting efficiency, and ensuring satisfactory human resource management. The occurring changes and goals connected with them are affected by information and communication technologies (ICT) [11] that allow for direct contact between partners using a two-way circulation of information in real-time.…”

Section: Literature Reviewmentioning

confidence: 99%

The Efficiency of Cooperation between the Participants in the Supply Chain in the Tourism-Related Branch of Industry in Relation to Client Satisfaction

2019

View full text Add to dashboard Cite

Managing a tourism supply chain is predominantly focused on managing a tourism-specific product that can be perceived as all kinds of goods and services utilized by tourists during their trips. The predominant goal of this article is to empirically identify the level of engagement of entities operating in the tourism-oriented branch of industry concerning the satisfaction of end-customers with the offered tourism-related services and products. Within the scope of this study, the statistical relevance of elements of active cooperation within a tourism-specific supply chain was analyzed. Empirical examinations covered the assessment of the cooperation within the framework of the tourism-oriented supply chain and its impact on consumer satisfaction. A research questionnaire was utilized to meet examination-specific goals. Theoretical considerations and the analysis of branches of industry in relation to the available statistical data showed that tourist-oriented supply chain covers various entities, the engagement of which may have a factual impact on the efficiency of managing the entire chain, as well as on the overall client satisfaction, improving tourism sustainability. The obtained results clearly showed that the examined entities considered the analyzed cooperation aspects to be very important with regard to the supply chain management. Said aspects included the total length of cooperation within the framework of a particular supply chain, which, according to the examined entities, directly translated into the quality of cooperation—to either significant or very significant extent, as well as making it much easier to solve certain problems that were strictly connected with the provision of tourism-oriented services. Yet another aspect of cooperation that was touched upon was the transfer of the so-called know-how between the entities engaged in a given supply chain. As proven by the examination, 70% of the surveyed entities claimed that it was of significant or very significant importance. The last analyzed aspect of cooperation were relations between the supply chain-specific partners and their impact on the satisfaction of end customers. According to over half of the sample (61.54%), decent relations between supply chain participants affected the satisfaction of end customers to a notable extent.

show abstract

Analysis of the impact of tourism sector as a viable response to South Africa’s growth and development challenges

Cited by 19 publications

References 24 publications

GDP volatility implication of tourism volatility in South Africa: A time-varying approach

GDP volatility implication of tourism volatility in South Africa: A time-varying approach

Adoption of renewable energy sources, low‐carbon initiatives, and advanced logistical infrastructure—an step toward integrated global progress

The Efficiency of Cooperation between the Participants in the Supply Chain in the Tourism-Related Branch of Industry in Relation to Client Satisfaction

Contact Info

Product

Resources

About