Tourism and income distribution: Evidence from a developed regional economy

Incera, André Carrascal; Fernández, Melchor Fernández

doi:10.1016/j.tourman.2014.10.016

Cited by 135 publications

(67 citation statements)

References 23 publications

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“…The techniques used in these studies range from univariate and multivariate econometric techniques (e.g. Johansen cointegration approach, ARDL approach to cointegration, recursive Granger causality, Toda-Yamamoto approach to Granger non-causality), to inpute output models, social accounting matrix and applied computable general equilibrium models which make use of the tourism satellite accounts in the national accounting systems and input-output tables (Akkemik, 2012;Carrascal Incera & Fernández, 2015;Munjal, 2013). There are studies that attempt to further verify the validity of the tourism-led growth hypothesis in a multivariate model derived from the Solow growth theory and from the CobbDouglas production function to justify the role of tourism in economic growth (Tang & Tan, 2013).…”

Section: Brief Review Of Earlier Studiesmentioning

confidence: 99%

Tourism and economic growth in Portugal: an empirical investigation of causal links

Bento

2016

TMS

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This study uses quarterly time series for the period from 1995 to 2015 to assess the temporal causal link between tourism and economic growth based on the hypothesis according to which tourism development precedes economic growth. It adopts a disaggregated approach to study the effects of both domestic tourists and foreign tourists on economic growth. Seasonally adjusted tourist arrivals are used to represent tourism activity. This study employs time series cointegration methods that are capable of accommodating structural breaks. The results show that the Portuguese case supports the tourism-led growth hypothesis. There is evidence of a long run cointegration relationship between the real gross domestic product and arrivals at tourist's accommodation establishments of both domestic tourists and foreign tourists. Long run unidirectional Granger causality exists running from domestic tourists to real gross domestic product, but not vice versa. The findings indicate that domestic tourism promotes economic growth. The main policy implication is that policy makers should contribute to tourism development and encourage tourism opportunities in domestic markets by targeting not only foreign tourists, but also domestic tourists to ensure the longterm success and strategic planning of the tourism sector in Portugal.Keywords: Tourism-led growth hypothesis, tourists, cointegration and causality analysis, structural breaks, Portugal. ResumoEste estudo utiliza séries temporais e dados trimestrais para o período de 1995 a 2015 para avaliar a relação de causalidade de Granger entre o turismo e o crescimento económico. O estudo testa a Tourism Led Growth Hypothesis. A variável do turismo no modelo econométrico é desagregada em chegadas dos turistas nacionais e chegadas dos turistas estrangeiros. O estudo faz uma análise da cointegração e causalidade e os testes de raíz unitária têm em conta a possibilidade de existência de quebras estruturais nas séries temporais. A hipótese em questão é válida no caso Português. Existe uma relação de cointegração a longo prazo entre o produto interno bruto e as chegadas dos turistas nacionais e dos turistas estrangeiros em estabelecimentos de alojamento. Existe também uma relação de causalidade a longo prazo entre os turistas nacionais e o produto interno bruto. A mensagem principal deste estudo é salientar o papel dos turistas nacionais na promoção do sector do turismo e do crescimento económico em Portugal. Palavras-chave:Tourism Led Growth Hypothesis, turistas, análise da cointegração e causalidade, quebras estruturais, Portugal.

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Section: Brief Review Of Earlier Studiesmentioning

confidence: 99%

Tourism and economic growth in Portugal: an empirical investigation of causal links

Bento

2016

TMS

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“… Lee and Kang (1998) find that tourism creates jobs for both unskilled and semi-skilled labour in South Korea. Carrascal Incera and Fernández (2015) show that the tourism business creates jobs in destination countries. Banerjee et al (2015) study the effectiveness of a US$36 million tourism investment in the south of Haiti and observe that this project reduced the unemployment rate by 3%, from 26% to 23%.…”

Section: Literature Reviewmentioning

confidence: 99%

Domestic tourism spending and economic vulnerability

Nguyen

Thanh

2020

Annals of Tourism Research

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This study examines the influence of domestic tourism on economic vulnerability index (EVI). Domestic tourism spending has a significant effect in reducing EVI. These results are consistent with two sub-indices of EVI (shock index and exposure index). Interestingly, it is found that: (i) this impact is consistent in low- and lower-middle-income countries, while domestic tourism has a non-significantly effect in upper-middle and high-income countries of increasing EVI; (ii) these results are consistent in the long-run; and (iii) the impact of domestic tourism is consistent in both the 2002–2007 and 2008–2012 periods, but is statistically non-significant in the 2013–2017 period. Notably, we find that domestic tourism spending has a U-shape effect on EVI; while international tourism has an increasing effect.

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“…The multiplier in tourism is presented as a chain of effects formed by a change in the level of tourist (or related) consumption [4]. The multiplier effect in tourism is assessed with the help of special models that can be applied to the congress and exhibition industry.…”

Section: General Approaches To Assessing the Contribution Of Tourism mentioning

confidence: 99%

Environmental and social responsibility of business in the congress and exhibition industry

et al. 2019

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The place of congress and exhibition activities in the system of business tourism is shown, general approaches to assessing the contribution of tourism to the destination economy are systematized and analysed in terms of their use in the meeting industry. Four basic models for estimating the multiplier effects of tourism are presented. The analysis showed that the “input-output” model has certain advantages over other models, specifically, that it allows taking sectoral features into account during the analysis, since the assessment algorithm focuses on cross-sectoral links. In order to develop a methodological apparatus for assessing the contribution of congress and exhibition services to the development of a destination, a group of indicators, according to which it is advisable to carry out an assessment, has been proposed, among which are four basic groups that include specific indicators of assessment: a group of economic and social indicators; a group of indicators related to the promotion of destination on national and world markets; a group of business indicators; a group of indicators of research intensity of destination industries. Recommendations for the development of a system of training and advanced training of specialists for the congress and exhibition industry have been made.

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Tourism and income distribution: Evidence from a developed regional economy

Cited by 135 publications

References 23 publications

Tourism and economic growth in Portugal: an empirical investigation of causal links

Tourism and economic growth in Portugal: an empirical investigation of causal links

Domestic tourism spending and economic vulnerability

Environmental and social responsibility of business in the congress and exhibition industry

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