The impacts of international tourism demand on economic growth of small economies dependent on tourism

Schubert, Stefan Franz; Brida, Juan Gabriel; Risso, Wiston Adrián

doi:10.1016/j.tourman.2010.03.007

Cited by 314 publications

(225 citation statements)

References 20 publications

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“…According to the TLEG hypothesis, there is a flow of benefits from tourism to the economy, which spillover through multiple routes (Schubert et al, 2011). In particular, it is believed that tourism (i) increases foreign exchange earnings, which in turn can be used to finance imports (McKinnon, 1964), (ii) it encourages investment and drives local firms towards greater efficiency due to the increased competition (Krueger, 1980;Balaguer and Cantavella-Jorda, 2002), (iii) it alleviates unemployment, since tourism activities are heavily based on human capital (Brida and Pulina, 2010) and (iv) it leads to positive economies of scale thus, decreasing production costs for local businesses (Andriotis, 2002;Croes, 2006).…”

Section: Introductionmentioning

confidence: 99%

How strong is the linkage between tourism and economic growth in Europe?

2015

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In this study, we examine the dynamic relationship between tourism growth and economic growth, using a newly introduced spillover index approach. Based on monthly data for 10 European countries over the period 1995-2012, our analysis reveals the following empirical regularities. First, the tourism-economic growth relationship is not stable over time in terms of both magnitude and direction, indicating that the tourism-led economic growth (TLEG) and the economic-driven tourism growth (EDTG) hypotheses are time-dependent. Second, the aforementioned relationship is also highly economic event-dependent, as it is influenced by the Great Recession of 2007 and the ongoing Eurozone debt crisis that began in 2010. Finally, the impact of these economic events is more pronounced in Cyprus, Greece, Portugal and Spain, which are the European countries that have witnessed the greatest economic downturn since 2009. Plausible explanations of these results are provided and policy implications are drawn.

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Section: Introductionmentioning

confidence: 99%

How strong is the linkage between tourism and economic growth in Europe?

2015

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“…A growth rate of international tourism demand plays a significant role in the economic growth of a small tourism-driven economy (Schubert et al, 2011). Tourists tend to select a vacation experience on all components of a complex tourism system based on the quality and satisfaction (Weiermair, 2000).…”

Section: Tourism Vrpmentioning

confidence: 99%

Geographic information system application for improving Chiang Mai University tourism routes

Wanitwattanakosol

Chaiyakhunt

Khanchai

2017

IJKMTH

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Chiang Mai University (CMU) is ranked as an attractive destination for Chinese tourists. The university has launched a 'Visit CMU' project to serve the tourists with the electric-power vehicles for campus sightseeing. In addition, the tourism schedule has not satisfied the university's expectation including unattractive locations in a current route, therefore, an objective of this research is to study and propose an optimal tourism route in CMU. Travel time data of each point were collected and analysed by a statistical method. Attractive sightseeing places were selected from experts by using an interview. Lastly, all data were employed to generate a computer-simulated scenario by a geographic information system (GIS) program. The results of this research showed that the generated optimal tourism route in GIS by adopting operation times of each tourism electric power vehicles point which had different characteristics and experts' suggested tourism points reduced the travel time and distance.

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“…Khan [1], Wagner [2] and West [3] used complex mathematical models, like input-output models, social accounting matrix and general equilibrium models to carry out empirical examinations on the relationship between tourism development and economic growth. Brida [4], Schubert [5], Duo-xun Ba [6] and other scholars used econometric research methods to study the relationship in Spain, Mauritius, Turkey, Taiwan, Cyprus, Italy, Tunisia, China and other countries through series data analysis. Lee [7], Yan-ping Xiang [8] and other researchers introduced the method of panel estimator into the research of the relationship between tourism and economic growth, and drew the conclusions that tourism development could promote economic growth.…”

Section: Introductionmentioning

confidence: 99%

Study on the Relationship Between the Development of Forest Tourism and the County's Economic Growth and Third Industry

Wei¹,

Cao²,

Yang³

2017

Proceedings of the 2017 International Conference on Innovations in Economic Management and Social Science (IEMSS 2017)

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Abstract. This paper adopts the relevant data of five counties with poor economy in Fujian Province. It establishes a variable coefficient panel data model and analyzes the relationship between forest tourism and the county's economic growth and its third industry. The research results show that the tourism industry in Nanping has a positive influence on the regional economic growth and the third industry development. Based on these results, this paper puts forward some policy suggestions to promote the sustainable development of forest tourism.

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The impacts of international tourism demand on economic growth of small economies dependent on tourism

Cited by 314 publications

References 20 publications

How strong is the linkage between tourism and economic growth in Europe?

How strong is the linkage between tourism and economic growth in Europe?

Geographic information system application for improving Chiang Mai University tourism routes

Study on the Relationship Between the Development of Forest Tourism and the County's Economic Growth and Third Industry

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