Does the shadow economy matter for tourism consumption? New global evidence

Nguyen, Canh Phuc; Nguyen, Binh X.

doi:10.1007/s00181-022-02354-x

Cited by 3 publications

(5 citation statements)

References 83 publications

Supporting

Mentioning

Contrasting

Unclassified

Order By: Relevance

“…Generally speaking, our empirical results confirm Din, Habibullah [ 8 ] and Nguyen and Nguyen [ 5 ] who wrote that the shadow economy affects tourism. However, our study contributes to the existing literature by showing that there is a reciprocal effect of tourism development on the shadow economy.…”

Section: Introductionsupporting

confidence: 87%

“…These authors showed that a higher shadow economy was found to have a negative impact on tourism development. This observation has been confirmed by Nguyen and Nguyen [ 5 ] who reached a similar conclusion for another sample. The link between tourism and shadow economic often results from the fact that a vast part of employment in the tourism industry (such as accommodation and restaurant services) is mainly fulfilled by self-employment or family business that contributes to the development of informal economic activities [ 9 ].…”

Section: Introductionsupporting

confidence: 86%

“…In recent decades, the fast growth of the tourism industry around the globe generates huge attention and strong enthusiastic debates among scholars in the tourism economics [ [1] , [2] , [3] ]. Many empirical studies have investigated the influences of tourism on the socio-economic, environmental and cultural realities of our contemporary societies [ [4] , [5] , [6] ]. Broadly speaking, tourism development contributes to the economy through several channels such as foreign currency earnings, international investment attraction, tax revenues and employment.…”

Section: Introductionmentioning

confidence: 99%

“…The link between tourism and shadow economic often results from the fact that a vast part of employment in the tourism industry (such as accommodation and restaurant services) is mainly fulfilled by self-employment or family business that contributes to the development of informal economic activities [ 9 ]. In this context, the results of Din, Habibullah [ 8 ] and Nguyen and Nguyen [ 5 ] opened several avenues for further studies on the relationship between tourism development and the shadow economy.…”

Section: Introductionmentioning

confidence: 99%

See 3 more Smart Citations

Does tourism reduce the shadow economy? An international evidence

Nguyen,

Schinckus,

Nguyen

2023

Heliyon

Self Cite

View full text Add to dashboard Cite

Section: Introductionsupporting

confidence: 87%

Section: Introductionsupporting

confidence: 86%

Section: Introductionmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

See 2 more Smart Citations

Does tourism reduce the shadow economy? An international evidence

Nguyen,

Schinckus,

Nguyen

2023

Heliyon

Self Cite

View full text Add to dashboard Cite

“…[8]) та детінізації економіки (Nguyen C.P., Nguyen B.Q. [9], Кузнецова М.І., Дубровіна О.О. [10], Мазур О., Сержанов В.…”

unclassified

Ефективність Системи Фінансового Моніторингу У Попереджені Економічних Злочинів

Сухолов

2024

journal

View full text Add to dashboard Cite

В даній статті розглядаються причини неоптимальності критеріїв сумнівності фінансових операцій, що закріплені чинними формальними правилами фінансового моніторингу та пропонуються заходи з підвищення селективності даних критеріїв. Показано, що неефективність системи фінансового моніторингу обумовлена не людським фактором, а недостатньою селективністю критеріїв сумнівності фінансових операцій, що закріплені у чинних формальних правилах фінансового моніторингу. Виявлено, що одними з факторів, що здатні призвести до неефективності чинних формальних правил фінансового моніторингу є поширення практик маніпулювання суспільними настроями та прийняття демонстраційних формальних правил. Запропоновано удосконалені критерії сумнівності фінансових операцій, що спрямовані на підвищення ефективності системи фінансового моніторингу у попередженні та протидії зростанню тіньового сектору економіки.

show abstract

An analysis of the geopolitical and economics influence on tourist arrivals in Russia using a nonlinear autoregressive distributed lag model

Georgescu,

Oprea,

Bâra

2024

View full text Add to dashboard Cite

PurposeThe COVID-19 pandemic and the onset of the conflict in Ukraine led to a sustained downturn in tourist arrivals (TA) in Russia. This paper aims to explore the influence of geopolitical risk (GPR) and other indices on TA over 1995–2023.Design/methodology/approachWe employ a nonlinear autoregressive distributed lag (NARDL) model to analyze the effects, capturing both the positive and negative shocks of these variables on TA.FindingsOur research demonstrates that the NARDL model is more effective in elucidating the complex dynamics between macroeconomic factors and TA. Both an increase and a decrease in GPR lead to an increase in TA. A 1% negative shock in GPR leads to an increase in TA by 1.68%, whereas a 1% positive shock in GPR also leads to an increase in TA by 0.5%. In other words, despite the increase in GPR, the number of tourists coming to Russia increases by 0.5% for every 1% increase in that risk. Several explanations could account for this phenomenon: (1) risk-tolerant tourists: some tourists might be less sensitive to GPR or they might find the associated risks acceptable; (2) economic incentives: increased risk might lead to a depreciation in the local currency and lower costs, making travel to Russia more affordable for international tourists; (3) niche tourism: some tourists might be attracted to destinations experiencing turmoil, either for the thrill or to gain firsthand experience of the situation; (4) lagged effects: there might be a time lag between the increase in risk and the actual impact on tourist behavior, meaning the effects might be observed differently over a longer period.Originality/valueOur study, employing the NARDL model and utilizing a dataset spanning from 1995 to 2023, investigates the impact of GPR, gross domestic product (GDP), real effective exchange rate (REER) and economic policy uncertainty (EPU) on TA in Russia. This research is unique because the dataset was compiled by the authors. The results show a complex relationship between GPR and TA, indicating that factors influencing TA can be multifaceted and not always intuitive.

show abstract

Does the shadow economy matter for tourism consumption? New global evidence

Cited by 3 publications

References 83 publications

Does tourism reduce the shadow economy? An international evidence

Does tourism reduce the shadow economy? An international evidence

Ефективність Системи Фінансового Моніторингу У Попереджені Економічних Злочинів

An analysis of the geopolitical and economics influence on tourist arrivals in Russia using a nonlinear autoregressive distributed lag model

Contact Info

Product

Resources

About