2019
DOI: 10.3390/su11020371
|View full text |Cite
|
Sign up to set email alerts
|

Threshold Effect of Tourism Development on Economic Growth Following a Disaster Shock: Evidence from the Wenchuan Earthquake, P.R. China

Abstract: To examine whether tourism can effectively stimulate economic growth following a disaster shock, we apply a panel threshold regression technique to test the threshold effect of tourism development on economic growth of the 36 Wenchuan earthquake-affected counties in 2008-2016. The empirical results using the panel fixed-effects model show that tourism significantly contributes to economic growth, supporting the validity of the tourism-led growth hypothesis (TLGH) for the disaster-affected destinations. The res… Show more

Help me understand this report

Search citation statements

Order By: Relevance

Paper Sections

Select...
2
1
1
1

Citation Types

6
41
1

Year Published

2019
2019
2024
2024

Publication Types

Select...
7
1

Relationship

1
7

Authors

Journals

citations
Cited by 44 publications
(48 citation statements)
references
References 106 publications
6
41
1
Order By: Relevance
“…Hansen [37] mentioned that this F-test might not have a standard distribution; thus, he suggested using the bootstrap method to generate asymptotically first-order corrected p-values. Zhang and Cheng [47] mentioned that the p-value yielded from the bootstrap could be employed to validate the existence of a nonlinear relationship. Thus, in this study, we follow the traditional criteria; the null hypothesis of the kink effect is rejected if the p-value is less than the desired critical value, e.g., 0.10, 0.05, and 0.01.…”
Section: Testing For the Time Series Kink Effectmentioning
confidence: 99%
“…Hansen [37] mentioned that this F-test might not have a standard distribution; thus, he suggested using the bootstrap method to generate asymptotically first-order corrected p-values. Zhang and Cheng [47] mentioned that the p-value yielded from the bootstrap could be employed to validate the existence of a nonlinear relationship. Thus, in this study, we follow the traditional criteria; the null hypothesis of the kink effect is rejected if the p-value is less than the desired critical value, e.g., 0.10, 0.05, and 0.01.…”
Section: Testing For the Time Series Kink Effectmentioning
confidence: 99%
“… Ghartey (2013) introduced a different perspective to capture structural changes with the effect of a natural disaster (hurricane) as it relates to tourism development. Similarly to Ghartey's research on natural disasters, the more recent study by Zhang and Cheng (2019) considered the effect of a significant earthquake on tourism development in several countries. Alexander et al.…”
Section: Literature Reviewmentioning
confidence: 99%
“…Tourism is regarded as “the invisible part of export” ( Raspor et al., 2017 ) because there is no form of production to measure its impact on the growth of an economy. It is found to have a vital role in economic growth ( Zhang and Cheng, 2019 ). Economic growth can not only be aided by labour and capital increase but also by export expansion.…”
Section: Introductionmentioning
confidence: 99%
See 1 more Smart Citation
“…There are valuable, theoretical, and practical policy implications that emerge from the empirical results [52], from which scholars and managers can considerably benefit.…”
Section: Discussionmentioning
confidence: 99%