nep-tur New Economics Papers
on Tourism Economics
Issue of 2015‒06‒20
five papers chosen by
Laura Vici
Università di Bologna

  2. Tourism and economic growth in South Africa: Evidence from linear and nonlinear cointegration frameworks By Phiri, Andrew
  4. Preparedness of SMEs towards AEC : A Case Study of Travel Agents in Bangkok By Akhilesh Trivedi
  5. The Perception of Economic Value Limits: A Study on the Ultimatum Game Decision Patterns By Pedro Moreira

  1. By: Predrag Ubavic (A.D. „Planinka“ - Kursumlija)
    Abstract: Every field of people’s conscientious act require making corresponding decisions. Since making right and timely decisions requires certain information, that can also be applied for making decisions in tourism business. Tourism is a heterogeneous activity, which create numerous opportunities for general and specific implementation of different information. Therefore, the subject of this paper’s analyse is necessary information for making timely and right decisions in the tourism business, as well as the manner of collecting the same. The aim of this paper is to point the importance of information management, as a crucial resource in tourist enterprises, on which depends right and timely making decisions by the management of those enterprises.
    Keywords: management, information, informational resources, tourism
    JEL: L83 D83 M15
    Date: 2015–03
  2. By: Phiri, Andrew
    Abstract: This study examines cointegration and causal effects between tourism and economic growth in South Africa for annual data collected between the period of 1995 and 2014. The paper applies two empirical approaches to this end; one being the conventional Engle and Granger (1987) linear cointegration framework, and the second being a nonlinear cointegration framework of Enders and Granger (1998). Furthermore, two empirical measures of tourism development are used in the study, namely; tourist receipts and number of international tourist arrivals. In line with conventional wisdom, the empirical results of the linear framework supports the tourism-led growth hypothesis when tourist receipts are used as a measure of tourism development. However, the nonlinear framework depicts bi-directional causality between tourist receipts and economic growth. Furthermore, the linear framework supports the economic-growth-driven-tourism-hypothesis for tourist arrivals whereas the nonlinear framework depicts no causality between tourist arrivals and economic growth. Therefore, our study emphasizes on the direct relevance which tourist expenditures rather than number of tourist arrivals hold towards economic growth and overall economic development.
    Keywords: Tourism receipts; Tourist arrivals; Economic growth; cointegration; causality tests; MTAR-TEC; South Africa.
    JEL: C22 C51 O40 O55
    Date: 2015–06–06
  3. By: Ana-Maria NICA (Bucharest University of Economic Studies)
    Abstract: Competitiveness has been the main focus of the recents decades, in both developed and developing economies. A special interest has been given to the issue of raising competitiveness, as a way to achieve sustainable development. The domains of interest for this concern are varied, from IT to Agriculture, Finance or Arts. Tourism is not by far the exeption, as many countries either rely mainly on tourism activities in their economies or have discovered that this sector of the economy is one of the best ways to choose in order to grow and exit the dangerous area of the financial crisis. There are however issues to consider regarding the tourism competitiveness and those have economic, social and environmental grounds. Companies have struggled to go the extra mile in order to grow and become more competitive. However companies - big, medium or small – face great dillemas when considering the ongoing pressure of the competitive tourism market, the specific requirements of tourists and the global trend for more sustainability. The research gap this article adresses relates to how companies can focus on and eventually achieve balancing these aspects. Is tourism competitiveness easier to achieve when counting on collaboration networks? Are tourism clusters a solution for the oftenly encountered problem of balancing sustainability with local communities welfare, environmental duty and economic benefits? The implications of the research provide suggestions for future improvements in the field of developing tourism clusters in Romania.
    Keywords: competitiveness, tourism competitiveness, sustainable development, tourism clusters
    JEL: L83 Q56
  4. By: Akhilesh Trivedi (Faculty of Hospitality Industry, Dusit Thani College)
    Abstract: This paper is a survey research conducted with the main purpose of developing preparedness guidelines toward the ASEAN Economic Community (AEC) for small and medium enterprises (SMEs) in travel agent businesses of Bangkok, Thailand.The primary data was collected from a sample of 30 travel agents, whom were selected by convenience sampling. In-depth interview and a structured questionnaire were used as the tools in collecting data. A qualitative approach, as well as descriptive statistics such as frequency and percentage, was adopted when analyzing the data,.The content of the research covered business function (management and human resources, finance, marketing, and production) of travel agents in Bangkok. Besides, the perception and preparedness of travel agents towards AEC were also studied.The research results showed that most of the respondents had relative high perception towards the AEC that will be implemented toward the end of 2015. They realized that there are both positive and negative impacts of the AEC and, thus, have adopted several strategies in order to cope with the AEC. These strategies were to conduct research on demand of customers, to recruit highly qualified employees who have the ability of speaking multiple languages, to adjust the payment or welfare systems, to develop training programs concentrating on industry standards and language training, to develop new tourist programs, and to revise tour fees regularly.
    Keywords: SMEs, AEC, Travel Agent
    JEL: A12
  5. By: Pedro Moreira (Institute for Tourism Studies)
    Abstract: Research on dominant decision patterns within the field of economic psychology has revealed that some of the scientific expectations on human decision and behavior were not confirmed. The results of ultimatum decision games are recurrently used in the identification and description of dominant patterns in value related economic decisions. The study includes an initial review of the literature and the results of a sample of individual decision questionnaires based on the ultimatum game, with parallel questions directed to money proposals and time proposals. Initial conclusions indicate that, after an isolated analysis of the two formats (questions related to money proposals and questions related to time proposals), the results within the money format and within the time format revealed high and significant correlations. In contrast, the comparison between formats produced low and non-significant correlations, suggesting that the object of the proposals may influence the value perception and the response patterns. The study is relevant to pricing and revenue management in no-negotiation settings, as is the case of Internet or online website based e-business. Possible applications in the travel and tourism industry are airline e-tickets, and hotel, tours and events e-bookings.
    Keywords: Economic decision patterns, ultimatum game, pricing and revenue management, airline e-tickets, hotel e-reservations, website based e-business.

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