Tourism inward investment and regional economic development effects: perspectives from tourism satellite accounts

Xu, Chen; Jones, Calvin; Munday, Max

doi:10.1080/00343404.2019.1696954

Cited by 14 publications

(8 citation statements)

References 26 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…In addition, data on tourist flows were available for 2015-2019 at Eurostat. These problems are typical of similar studies in this area [ 4,5].…”

Section: Methodsmentioning

confidence: 67%

“…There is little research in the scientific literature on the impact of regional tourism on the economic development of countries, in particular, due to the complexity of assessment and the availability of regional data, especially consumer spending in tourism [4,5]. Tourist demand is used as an indicator that reflects the share of tourism in regional economic demand, especially in underdeveloped economic regions [5,6]. Revenue from tourism is also used to assess a country's economic growth [7].…”

Section: Literature Reviewmentioning

confidence: 99%

See 1 more Smart Citation

The effect of regional tourism on economic development: Case study: The EU countries

Motsa¹,

Rybakova²,

Shelemetieva³

et al. 2021

International Review

View full text Add to dashboard Cite

Transformations of the tourism market structure in a pandemic necessitate a study of the extent to which EU countries can provide their citizens with tourism products to minimize the negative impact of the pandemic and, consequently, the negative impact on economic development. This article aimed to develop recommendations for minimizing the negative impact of reducing regional tourism on economic development through the support of domestic tourism. This research uses a quantitative methodology based on indicators of growth of tourist external and internal flows in the regions, the growth rate of economic regions of the EU for 2015-2019. The following countries were selected for correlation analysis: Belgium, Bulgaria, Czech Republic, Germany, Estonia, Greece, Spain, and Italy. The analysis of the impact of regional tourism on economic development in the EU for 2015-2019 indicates the need to develop regional strategies for smart specializations of the tourism industry based on the most attractive industries for tourists. It is determined that within the EU, economic development is less dependent on developed tourist regions due to potentially low tourist costs, as a result - short-term revenues from the industry. It is proved that regions with a high level of tourist flows can provide economic development by increasing the innovation of industries related to tourism, as such industries attract tourists. In a pandemic, businesses need to focus on promoting regional products and shift the focus to domestic consumption within the country. The theoretical value of this study is that regional tourism affects the economic development of the EU countries through the total costs of tourists, the volume of which in the short term has a negligible impact on the region's development. At the same time, the income of the tourism industry as a contribution to the economy is overestimated in the scientific literature.

show abstract

“…In addition, data on tourist flows were available for 2015-2019 at Eurostat. These problems are typical of similar studies in this area [ 4,5].…”

Section: Methodsmentioning

confidence: 67%

Section: Literature Reviewmentioning

confidence: 99%

The effect of regional tourism on economic development: Case study: The EU countries

Motsa¹,

Rybakova²,

Shelemetieva³

et al. 2021

International Review

View full text Add to dashboard Cite

show abstract

“…Kumar [21] analyzed the determinants of tourism industry performance and explored the relative importance of each factor by using data envelopment analysis (DEA) and Bootstrap regression models. In addition, some scholars have used different quantitative methods to investigate the factors that affect the performance of tourism industry [22,23]. Perles-Ribes et al [4] studied the relationship between output and economic performance of hotel industry and measured the economic performance of hotel industry by using unit root test, analysis of covariance, and causality test, taking the number of tourists and exchange rate as the objects.…”

Section: Progress On the Quantitative Research Methodmentioning

confidence: 99%

Application of Multilevel Gray Model in Tourism Economic Performance Evaluation

Gao

Abukhalifeh

et al. 2022

Journal of Mathematics

View full text Add to dashboard Cite

The tourism industry is contributing to the rise in the national economy because of its outstanding advantages in increasing employment and winning regional economic vitality. But, there is no study to systematically evaluate the performance of China’s tourism economy. Therefore, this paper adopts a multilevel gray model and scientifically constructs a tourism economic performance evaluation index system. It is found that China’s tourism economic performance has the advantages of excellent development infrastructure conditions and abundant tourism resources but still has deficiencies in the aspects of social environment support, international market demand, and tourism environment support. The sustainable development potential of China’s tourism industry needs to be strengthened in three aspects in the future, namely, strengthening the government’s macroguidance, expanding the tourism high-quality talent pool, and enhancing the construction of tourism infrastructure and service facilities.

show abstract

“…The firms vary according to whether they actually have a registered office in another part of the UK or overseas. There has been an active debate in Wales (and other UK regions) on the regional economic consequences of external ownership (see most recently McNabb and Munday, 2017; Xu et al., 2019) but limited UK research analysing the specific effects of inward investment in electricity supply. Prior research has examined linkages between inward investment in power generation and economic growth (see, e.g.…”

Section: Case: Energy In the Peripherymentioning

confidence: 99%

Capital ownership, innovation and regional development policy in the economic periphery: An energy industry case

Jones

Munday

2020

Local Economy: The Journal of the Local Economy Policy Unit

Self Cite

View full text Add to dashboard Cite

This paper examines how far patterns of external ownership affect benefits from industry geographical proximity. The case explores investments in energy and electricity supply in Wales. Geographically related benefits are examined through a Smart Specialisation lens, in the areas of innovation; firm-to-firm interaction; the labour market and public sector intervention. We find evidence that the ownership model or ‘home location’ of key firms is an important factor driving local economic benefits, and explore related policy implications. The case shows that the location of ownership is a key factor in firm innovative behaviour, and that the scale and nature of any benefits from industry geographical proximity will be dependent on where key decision centres lay. In spite of Wales’ comparative advantage in energy, the paper reveals no dynamic ‘melt’ of interactive and engaged firms and labour, but a functionally narrow, low value economic landscape. This leads to a request for more focus on the ownership and contextual factors that may drive the benefits of industrial proximity for places.

show abstract

Tourism inward investment and regional economic development effects: perspectives from tourism satellite accounts

Cited by 14 publications

References 26 publications

The effect of regional tourism on economic development: Case study: The EU countries

The effect of regional tourism on economic development: Case study: The EU countries

Application of Multilevel Gray Model in Tourism Economic Performance Evaluation

Capital ownership, innovation and regional development policy in the economic periphery: An energy industry case

Contact Info

Product

Resources

About