Does Globalization Influence Inbound Tourism? Evidence from a Dynamic Panel Threshold Analysis

Chiu, Yi‐Bin; Zhang, Wenwen; Ding, Kaixin

doi:10.1177/0047287520919514

Cited by 26 publications

(18 citation statements)

References 58 publications

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“…Governance plays a conspicuous role by embracing globalization’s effects on economic growth in struggling or emerging countries (Caporaso & Madeira, 2012; Chiu et al., 2020). It reflected how a developing country absorbs the effects of globalization (significantly or insignificantly) for its economic development.…”

Section: Introductionmentioning

confidence: 99%

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Impact of globalization and governance determinants on economic growth: An empirical analysis of Asian economies

Abbas

Sun

et al. 2021

Growth and Change

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Globalization is an inevitable and irresistible process because many regional integrations emerged in the modern era. A global integration analysis, employing a country’s governance practices, offers various economic benefits and exerts socio‐economic pressures on different economies. This study uses the KOF Globalization Index and Institutional Governance Indicators as explanatory variables and examines their impacts on GDP growth as a dependent variable. The study employed Two‐step System GMM with a sample of 45 Asian economies, with the time horizon from 2003 to 2017. The outcomes show that globalization has positively impacted economic growth, sound regulatory control, and political stability. It further states that practical, feasible, and corruption‐free or transparent economic policies significantly contribute to the economic progression of Asian economies, and help to achieve sustainable development. The study concludes by suggesting that some economic and governance recommendations strengthen struggling Asian economies by addressing the globalization phenomenon tactfully. Future studies can be explored by globalization’s impact on socio‐economic development by taking regional integration as a moderating effect, which controls factors such as governance and institutional quality. Practitioners points The outcomes show that sound regulatory control, political stability, and global integration have positively impacted economic growth. Corruption‐free or transparent economic policies significantly contribute to the economic progression of Asian economies and help to achieve sustainable development. Prudent economic governance practices strengthen struggling Asian economies by approaching the globalization phenomenon prudently.

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Section: Introductionmentioning

confidence: 99%

“…Governance plays a conspicuous role by embracing globalization's effects on economic growth in struggling or emerging countries (Caporaso & Madeira, 2012;Chiu et al, 2020). It reflected how a…”

Section: Introductionmentioning

confidence: 99%

Impact of globalization and governance determinants on economic growth: An empirical analysis of Asian economies

Abbas

Sun

et al. 2021

Growth and Change

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“…The results show a non-linear relationship between globalisation and inbound tourism, suggesting that different levels of globalisation for countries have different impacts on the development of inbound tourism. More globalised countries may attract more incoming tourists, but this does not increase their income from international tourism (as a percentage of GDP) and net exports of tourist services in the context of a higher level of globalisation, which indicates that globalisation does not necessarily contribute to the development of inbound tourism (Chiu et al, 2020).…”

Section: Resultsmentioning

confidence: 98%

History, Theory and Prospects of Tourism Development in the Context of Globalisation: Financial Crisis Impact on Tourism Sector

Tsypko¹,

Ivasyshynа²,

Vasylchuk³

et al. 2022

R. Econ. and Finan.

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In the context of globalisation, the development of tourism in Ukraine requires the restoration of tourism activities, integration with world leaders in the tourism sector, the use of global experience to meet consumer demand, information about existing opportunities of the tourism business, successes and benefits. Therefore, the issue of studying the history, theory, and prospects of tourism development is an urgent problem for the tourism industry. The purpose of the study is to investigate the history, theory, and prospects of tourism development in Ukraine and the world in the context of globalisation. In the process of writing the paper, general scientific methods of knowledge were used. The following methods were used: analysis and synthesis, classification and systematisation of data. In the course of the study, a model of the impact of tourism on the economy in the context of globalisation was presented. The number of citizens from different countries of the world who most often visited Ukraine is analysed. It was determined that the world is currently suffering from a financial crisis that has affected all sectors of the economy. However, the impact of crises in various spheres of economic activity in separate countries is different. As a result, experts' expectations regarding the prospects for the development of the tourism industry in Ukraine and abroad differ. The practical value of this study is conditioned by the fact that it provides information that can be useful both in a theoretical and practical sense for researchers and practitioners of the tourism sector.

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“…Globalization is a comprehensive political, economic, and social phenomenon [9,10] and is considered a determining factor that affects the growth of the tourism industry [11,12]. It is well recognized that globalization could provide favorable opportunities for the development of international tourism by motivating more international integration of society and economy [13][14][15].…”

Section: Introductionmentioning

confidence: 99%

“…Globalization will stimulate competitiveness and create a more complex environment for the tourism industry by facilitating market entry of several stakeholders [13], and could bring some negative effects. Globalization may exacerbate the uneven development of tourism among countries and make developing countries more dependent on developed countries [12]. Some studies also point out that in the context of globalization, the rapid development of international tourism may bring about environmental degradation [17,18].…”

Section: Introductionmentioning

confidence: 99%

Globalization, Country Risks, and Trade in Tourism Services: Evidence from China

Zhang

Chiu

2020

Sustainability

Self Cite

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This study applies the autoregressive distributed lag (ARDL) model to examine the impacts of globalization and country risks on China’s tourism service trade over the period 1984–2015. The results reveal that in the long run, globalization has a significant negative impact on tourism service exports and tourism service trade balances, while a significant positive impact on tourism service imports. In the short run, globalization has a significant negative impact on tourism service imports, while a significant positive impact on tourism service exports and trade balances. Country stability could roughly mitigate these negative and positive impacts of globalization on tourism service trade in both the short and long run. Moreover, the speed of adjustment from the short run to long run equilibrium path is relatively fast. These results are important for China’s policy makers when formulating a strategy for the development of tourism service trade.

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Does Globalization Influence Inbound Tourism? Evidence from a Dynamic Panel Threshold Analysis

Cited by 26 publications

References 58 publications

Impact of globalization and governance determinants on economic growth: An empirical analysis of Asian economies

Impact of globalization and governance determinants on economic growth: An empirical analysis of Asian economies

History, Theory and Prospects of Tourism Development in the Context of Globalisation: Financial Crisis Impact on Tourism Sector

Globalization, Country Risks, and Trade in Tourism Services: Evidence from China

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