Fiscal Incentives for Tourism Development in the Philippines: A Case Study from Policy Networks and Advocacy Coalition Framework

Santa, Edieser Dela

doi:10.1080/21568316.2017.1360935

Cited by 6 publications

(1 citation statement)

References 58 publications

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“…Despite the fact that most post COVID-19 fiscal interventions sought to establish a balance between the government receipts, expenditures and public debt ratio to GDP, moments of austerity and lower taxes due to the COVID-19 pandemic brought in employment support challenges as well as income reduction for most governments (Heald and Hodges, 2020). However, according to Dela Santa (2017), there have been need to focus on fiscal incentives such as credit support and lower taxes for tourism recovery in order to realize meaningful gains in the sector as has been in the Philippines.…”

Section: Literature Review and Theoretical Implicationsmentioning

confidence: 99%

A Markov regime-switching (MS) approach to modeling the effects of fiscal policies and COVID-19 pandemic on tourism destination competitiveness in Kenya

Kinuthia

Maingi

2022

JHTI

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PurposeThe COVID-19 pandemic has had a catastrophic impact on the tourist activity in Kenya. Global lockdown has limited travel resulting to losses in the tourism sector. This paper discusses the specific role that fiscal policy plays to improve tourism competitiveness in Kenya. Specifically, the study examines how Kenyan government can revive the tourism economy to improve its competitiveness.Design/methodology/approachA tourism demand model to explore relationship between fiscal policies and inbound tourism in Kenya is developed. This study uses a Markov regime-switching (MS) regression model to establish the relationships that exist between COVID-19 pandemic, fiscal policies and tourism revenue in Kenya.FindingsThe estimation results of the Markov-switching dynamic regression showed that the coefficients of international tourists arrivals, domestic bed occupancy and international bed occupancy are positive and significant with p-values of 0.000 during the pandemic period. The findings show that the transitioning periods during the fiscal policy shifts had an effect on the international arrivals. Therefore, fiscal incentives were key in influencing tourism arrivals and bednights occupancies.Research limitations/implicationsThe theoretical implications show that to promote the state of high international and domestic tourist arrivals, the government should encourage more fiscal spending initiatives that encourage the increase in tourist arrivals and occupancies such as vaccinations against COVID-19 and promoting safe spaces for visitors within the destination is key towards reviving the sector. In order to curb the hysteresis effects of COVID-19 related depression and resultant impacts on GDP, there is a need to review the national fiscal policies and target fiscal policies on the cyclical effects of the COVID-19 impacts on international tourism market.Originality/valueThis research develops an economic model that builds accurate relationships between fiscal policies, pandemics and tourism destination competitiveness as a means of informing competitive tourism management strategies and governance.

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Section: Literature Review and Theoretical Implicationsmentioning

confidence: 99%