COVID-19 impacts of inbound tourism on Australian economy

Pham, Tien Duc; Dwyer, Larry; Su, Jen‐Je; Ngo, Tramy

doi:10.1016/j.annals.2021.103179

Cited by 142 publications

(105 citation statements)

References 25 publications

Supporting

Mentioning

100

Contrasting

Unclassified

Order By: Relevance

“…The study urges that the Australian Government should take the responsibility to support the tourism sector to generate resilience. Our findings confirm the study of Pham et al ( 2021 ). Efforts have to be put to revive tourism in the post‐pandemic phase‐proper targeting of the major markets of Asia and Europe may enable the country to recover the tourism sector.…”

Section: Discussionsupporting

confidence: 94%

See 1 more Smart Citation

Modelling inbound international tourism demand in Australia: Lessons from the pandemics

Ghosh¹

2021

Journal of Tourism Research

View full text Add to dashboard Cite

The study explores how international tourism demand in Australia is impacted not only by traditional economic factors but also by uncertainty and risk emanating from pandemics. Using an augmented demand model the paper examines the main determinants of tourism in Australia during the favourable period and what lessons can be drawn to reboot international tourism in the post‐pandemic situation. To the best of our knowledge, this study is the first of its kind, which employs a robust second‐generation panel model to examine the impact of pandemic augmenting economic uncertainty upon the international tourism demand in Australia.

show abstract

Section: Discussionsupporting

confidence: 94%

“…This had a wide‐ranging setback on the tourism economy. The recent study of Pham et al ( 2021 ) using the general equilibrium model explained that COVID‐19 severely impacted the Australian tourism economy. The study urges that the Australian Government should take the responsibility to support the tourism sector to generate resilience.…”

Section: Discussionmentioning

confidence: 99%

Modelling inbound international tourism demand in Australia: Lessons from the pandemics

Ghosh¹

2021

Journal of Tourism Research

View full text Add to dashboard Cite

show abstract

“…The study explores the lasting effects of the pandemics on individuals, organizations, and nations and their resilience by adopting a three-level approach. (Pham et al, 2021) estimate the short-run economic effects of the inbound tourism industry on the economic development of Australia due to the COVID-19 epidemic. The analysis incorporates the tourism industry and occupational level macroeconomic effects by employing the computable general equilibrium modeling method to measure the tourism industry's direct contribution.…”

Section: Literature Reviewmentioning

confidence: 99%

Does the COVID-19 pandemic affect the tourism industry in China? Evidence from extreme quantiles approach

Song

Zhao

Chang

et al. 2021

Economic Research-Ekonomska Istraživanja

View full text Add to dashboard Cite

The tourism industry carries great significance in the economic development of any country. It has been observed that the COVID-19 crisis has affected global travel and tourism more than any other sector globally as well as in China. The travel restrictions, home isolation, and quarantine orders have given massive damage to China's once thriving tourism industry. Despite this phenomenal impact, the existing literature has a dearth of empirical studies related to the impact of the COVID-19 pandemic on the tourism industry. This study attempts to reflect a thorough picture of the current scenario and the crisis effects under different intensities reflected through quantiles of Covid-19 related deaths. The study has utilized the QARDL model and the Wald test on the daily time series data of COVID-19 intensity, the real effective exchange rate, oil prices, and the tourism development index from January 1, 2020, to March 15, 2021. The outcomes indicate that COVID-19 related deaths have a negative, but significant impact on China's tourism in the long run and short run. The oil prices also show a negative influence on tourism in the long run, but there is no significant impact of the oil prices on tourism in the short run. At the same time, the increase in the real effective exchange rates tends to support tourism in the long run, but does not influence tourism development in the short run.

show abstract

“…With the effect of COVID-19, plenty of people choose e-commerce platforms to shop rather than offline merchants. The rapidly increasing online bills need convenient currency clearing and settlement systems [14]. However, the traditional cross-border payment service is quite complex, which refers to many banks and intermediary financial agents.…”

Section: Cross-border Financial Servicementioning

confidence: 99%

An intelligent cross-border transaction system based on consortium blockchain: A case study in Shenzhen, China

Dong

et al. 2021

PLoS ONE

View full text Add to dashboard Cite

Cross-border transactions have been more and more popular around the world. However, the current cross-border transactions still have risks and challenges, e.g., differences in regulation policies and unbalanced profits of banks. To address this critical issue, we construct a new framework for the transaction system with the support of blockchain technology. In this paper, we propose a new consortium blockchain system, namely asymmetric consortium blockchain (ACB), to ensure the implementation of cross-border transactions. Different from traditional consortium blockchain, the new blockchain system could support the supernode to regulate all the transactions timely. Furthermore, the new smart contract is designed to lower the opportunity loss for each node and make the profits allocation system fairer. In the end, the numerical experiments were carried out based on the transactions of Shenzhen and Hong Kong. The results show that the proposed ACB system is efficient to make the profit allocation fairer for the participants and keep intelligent for the new cross-border transaction system.

show abstract

COVID-19 impacts of inbound tourism on Australian economy

Cited by 142 publications

References 25 publications

Modelling inbound international tourism demand in Australia: Lessons from the pandemics

Modelling inbound international tourism demand in Australia: Lessons from the pandemics

Does the COVID-19 pandemic affect the tourism industry in China? Evidence from extreme quantiles approach

An intelligent cross-border transaction system based on consortium blockchain: A case study in Shenzhen, China

Contact Info

Product

Resources

About