2011
DOI: 10.1080/21568316.2011.554741
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Tourism and Third Sector Organisations—Strangers or Partners?

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Cited by 8 publications
(7 citation statements)
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“…It shows better properties in terms of bias and efficiency in the case of high persistence of dependent variables [63].Difference and system GMM are proposed for the data set, where the number of cross section is large, but Sotto [64] confirms good properties of system GMM in the dataset with a moderate number of cross sections, as in our dataset. Differenced GMM estimates equation (1) in the first differences, while system GMM estimates simultaneously equation ( 1) in levels and equation (1) in the first differences. To avoid the problem of endogeneity, which arises with the correlation between α i and a lagged dependent variable TOUR i,t−1 , it is necessary to use instrumental variables.…”
Section: Data Model and Methodsmentioning
confidence: 99%
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“…It shows better properties in terms of bias and efficiency in the case of high persistence of dependent variables [63].Difference and system GMM are proposed for the data set, where the number of cross section is large, but Sotto [64] confirms good properties of system GMM in the dataset with a moderate number of cross sections, as in our dataset. Differenced GMM estimates equation (1) in the first differences, while system GMM estimates simultaneously equation ( 1) in levels and equation (1) in the first differences. To avoid the problem of endogeneity, which arises with the correlation between α i and a lagged dependent variable TOUR i,t−1 , it is necessary to use instrumental variables.…”
Section: Data Model and Methodsmentioning
confidence: 99%
“…For over seventy decades, tourism and culture have been amongst the biggest growing phenomena worldwide [1]. Tourism is considered a significant economic sector, relevant for inclusive economic growth, both globally and locally [2], and culture is recognized as a powerful driver of global sustainable development, with community-wide social, economic and environmental impacts [3].…”
Section: Introductionmentioning
confidence: 99%
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“…The regional government needs to play a supporting role so that genuine relationships between different levels of government, different government departments, the local community, and industry groups are created and fostered (de Brito et al, 2011). This will ensure the maintenance and preservation of tourism resources for cultural sustainability (Girard & Nijkamp, 2009;Pechlaner et al, 2015).…”
Section: Discussionmentioning
confidence: 99%