The Tourism Development–Quality of Life Nexus in a Small Island Destination

Ridderstaat, Jorge; Croes, Robertico; Nijkamp, Peter

doi:10.1177/0047287514532372

Cited by 100 publications

(77 citation statements)

References 65 publications

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“…Nevertheless, there are still controversies regarding even the indicators used or their practical significance. Several authors (Ridderstaat et al, 2016) consider that the above-mentioned indicators ignore the entities directly involved and affected by the development of tourism, such as local communities in destination countries, who often enjoy minimal benefits from tourism or general economic growth. They support the inclusion of more adequate indicators related to the field of human development (Ridderstaat et al, 2016) and sustainable development (Popescu et al, 2014;Haţegan and Ivan-Ungureanu, 2014;Badulescu et al, 2015).…”

Section: Vol 20 • Special No 12 • November 2018 937mentioning

confidence: 99%

The Complex Relationship between International Tourism Demand and Economic Growth: An Analysis on Central and Eastern European Economies

Bădulescu¹,

Bădulescu²,

SimuS³

2018

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Tourism is widely considered as driver for economic growth, and the "tourism-led-growth hypothesis" is often investigated in the literature. However, there is very limited literature examining how economic growth impacts tourism, an impact which is usually tacitly accepted, without being analytically investigated. In this paper we examine the impact of the economic growth on the number of international tourism arrivals and also on the international tourism receipts during 1995-2015, in Central and Eastern European economies, by using the Autoregressive Distributed Lag (ARDL) model. The bounds F-statistics for cointegration test provide evidence of a long-term relationship between the international tourism number of arrivals and GDP per capita only for and Czech Republic. We also explore causal relationship between the variables by using an error-correctionbased Granger causality model (short-run and long-run), finding different unidirectional / bidirectional short/long-term relationships between international tourism demand (measured by two proxies: international tourist arrivals and international tourism receipts) and economic growth (measured by GDP per capita), in different countries. The paper contributes to better understanding the nature and the direction of the relationship between tourism sector and economic growth, aiming not only to enrich the literature in the field, but also to design specific economic growth policies with an impact on tourism sector.

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Section: Vol 20 • Special No 12 • November 2018 937mentioning

confidence: 99%

The Complex Relationship between International Tourism Demand and Economic Growth: An Analysis on Central and Eastern European Economies

Bădulescu¹,

Bădulescu²,

SimuS³

2018

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“…At the same time, there are researchers who support the existence of bidirectional causalities or no causalities at all (see, for example, Katircioglu, 2009;Ridderstaat et al, 2016;Antonakakis et al, 2015).…”

Section: Introductionmentioning

confidence: 99%

The Tourism and Economic Growth Enigma: Examining an Ambiguous Relationship through Multiple Prisms

Antonakakis

Dragouni

Eeckels

et al. 2017

Journal of Travel Research

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This paper revisits the ambiguous relationship between tourism and economic growth, providing a comprehensive study of destinations across the globe which takes into account the key dynamics that influence tourism and economic performance. We focus on 113 countries over the period 1995-2014, clustered, for the first time, around six criteria that reflect their economic, political and tourism dimensions. A Panel Vector Autoregressive model is employed which, in contrast to previous studies, allows the data to reveal any tourism-economy interdependencies across these clusters, without imposing a priori the direction of causality. Overall, the economic-driven tourism growth hypothesis seems to prevail in countries which are developing, non-democratic, highly bureaucratic and have low tourism specialization. Conversely, bidirectional relationships are established for economies which are stronger, democratic and with higher levels of government effectiveness. Thus, depending on the economic, political and tourism status of a destination, different policy implications apply.

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“…One of the basic assumptions when using the Granger causality test in econometrics (Ridderstaat et al, 2016) is the stationary VAR.…”

Section: Methods and Datamentioning

confidence: 99%

“…Unadjusted time-series data may have seasonal unit root. A formal method used for testing the stationarity in time-series data is the unit root test (Narayan, 2003;Ridderstaat et al, 2016). We applied the augmented Dickey-Fuller (ADF) test and Phillips-Perron (PP) test (Lee, 2009).…”

Section: Methods and Datamentioning

confidence: 99%

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Tourism price causalities: Case of an Adriatic country

Gričar

Bojnec

2017

Journal of Tourism Research

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The aim of this article is to investigate the linearities and causalities between Slovenian tourism and macroeconomic aggregates. The monthly time-series data for the drivers of the rise in the Slovenian hospitality industry prices are tested in the vector autoregressive framework and smooth transition autoregressive model during the 3 specific subperiods. The results are robust for the applied linear methods on prices and value-added tax sensitive tourist demand and for the applied nonlinear methods on exchange rate and labor costs. Granger causality tests confirmed 5 correlations in the set of 3 hypotheses. Input costs are significant drivers for the rise of the Slovenian hospitality industry prices.

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The Tourism Development–Quality of Life Nexus in a Small Island Destination

Cited by 100 publications

References 65 publications

The Complex Relationship between International Tourism Demand and Economic Growth: An Analysis on Central and Eastern European Economies

The Complex Relationship between International Tourism Demand and Economic Growth: An Analysis on Central and Eastern European Economies

The Tourism and Economic Growth Enigma: Examining an Ambiguous Relationship through Multiple Prisms

Tourism price causalities: Case of an Adriatic country

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