Revisiting tourism’s additional impact on income

He, Tina T.; Li, Wilson Xb

doi:10.1177/1354816619887022

Cited by 6 publications

(2 citation statements)

References 94 publications

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“…Accordingly, the study validates the TLGH for the selected countries in both the long and short run. In a similar manner, Udom Etokakpan et al ( 2019 ) confirmed the validity of the TLGH in a panel study of the world’s top four agricultural economies between 1995 and 2015, much as He and Li ( 2021 ) supported the TLGH in a panel study of selected countries between 2006 and 2015. Furthermore, while Su et al ( 2021 ) suggested that tourism drives growth in China based on time series data regressed with a VECM model, Usmani et al ( 2021 ) upheld the unidirectional causal effects from tourism to growth in BRIC countries based on a panel causality test.…”

Section: Literaturementioning

confidence: 79%

The Dynamic Role of Financial Development in Analyzing the N-Shaped Tourism-Led Growth Hypothesis in Mauritius

2022

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This study is a critical step to explore how financial development moderates the N-shaped tourism-led growth hypothesis in Mauritius, considering the rising influence of the tourism sector on this small island but a high-income country and the dearth of recent empirical studies in this direction. Relying on annual time series between 1980 and 2018, the study employed the ARDL model and the quantile ARDL model, a technique rarely applied in extant studies to analyze the possible nonlinear (N-shaped) dynamics of tourism and the moderating role of financial development on productivity in Mauritius. The various cointegration tests proved that the series have a common long-run trend, whereas the causality test validates the tourism-led growth hypothesis. The ARDL estimates reveal positive and significant impacts from tourism and financial development on economic growth, against the negative and insignificant effects of the other control variables in the long and short run. However, from the QARDL, the impacts of tourism and financial development on growth remained predominantly negative in the long term at all quantiles of economic growth except at q0.30, where a positive impact was recorded from tourism. However, in the short run, the contributions of tourism and financial development remained positive but insignificant across the distributions of economic growth, therefore buttressing the time-varying (N-shaped) nature of the relationship. By implication, policies that could shield the economy from shocks arising from business cycles and sustain the positive/significant contributions of tourism and financial system to economic growth are pertinent to boost the confidence of all stakeholders.

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Section: Literaturementioning

confidence: 79%

The Dynamic Role of Financial Development in Analyzing the N-Shaped Tourism-Led Growth Hypothesis in Mauritius

2022

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“…The local income level can be defined as the average economic capacity or earnings of individuals or households within a specified local area [92]. Kuznets [93] hypothesized that income inequality initially intensifies during the early stages of economic growth but begins to decrease after surpassing a certain income threshold, a phenomenon described as the Kuznets curve.…”

Section: Control Variablesmentioning

confidence: 99%

The Moderating Role of ESG Administration on the Relationship between Tourism Activities and Carbon Emissions: A Case Study of Basic Local Governments in South Korea

2024

Sustainability

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This study examines the impact of tourism activities (TA) on carbon emissions (CE) in South Korea and investigates how ESG (environmental, social, and governance) administration power moderates these relationships. To explore four research areas—the relationship between TA and CE; variations across three years (2019–2021); the moderating effect of ESG policies; and the influence of control variables—MIMIC models were employed using secondary data from credible national institutions. The main results across the years and ESG groups (high vs. low) are as follows: (1) The positive influence of individual TA on CE ranked as food and beverage > shopping > recreation > accommodation, with no differences across the years or ESG groups. (2) ESG administration alleviated the carbon-emitting effects of TA, with significant moderation in 2019 and 2021, but not in 2020 (particularly, the effect sizes of TA were greater in low ESG groups). (3) Although tourism development stimulates TA more strongly in the high ESG groups, the CE induced by TA is significantly mitigated by ESG administrative support, resulting in smaller effects than those observed in the low groups. (4) The latter part covers diverse discussions on the influence of control variables—such as infection safety, atmospheric pollution, tourism development, income levels, green space, and local population.

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Welfare-improving policy on medical tourism and labor productivity: A theoretical analysis

Beladi

Chao²,

Ee³

et al. 2023

Economic Systems

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Revisiting tourism’s additional impact on income

Cited by 6 publications

References 94 publications

The Dynamic Role of Financial Development in Analyzing the N-Shaped Tourism-Led Growth Hypothesis in Mauritius

The Dynamic Role of Financial Development in Analyzing the N-Shaped Tourism-Led Growth Hypothesis in Mauritius

The Moderating Role of ESG Administration on the Relationship between Tourism Activities and Carbon Emissions: A Case Study of Basic Local Governments in South Korea

Welfare-improving policy on medical tourism and labor productivity: A theoretical analysis

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