nep-tur New Economics Papers
on Tourism Economics
Issue of 2017‒06‒11
three papers chosen by
Laura Vici
Università di Bologna

  1. Recent topical research on global, energy, health & medical, and tourism economics, and global software By Chia-Lin Chang; Michael McAleer
  2. Memorable Tourism Experiences: Vivid memories and feelings of Nostalgia for Houseboat tourism By Janardan Krishna Yadav; Omkumar Krishnan
  3. Tourism-Growth Nexus in the South Pacific Islands: Role of Financial Sector Development as a Contingent Factor An Empirical Study of Fiji: 1980-2014 By Jayaraman, Tiru; Choong, Chee-Keong; Fatt Ng, Cheong; Bhatt, Markand

  1. By: Chia-Lin Chang (Department of Applied Economics Department of Finance National Chung Hsing University, Taiwan.); Michael McAleer (Department of Quantitative Finance National Tsing Hua University, Taiwan And Discipline of Business Analytics University of Sydney Business School, Australia And Econometric Institute Erasmus School of Economics Erasmus University Rotterdam, Netherlands and Department of Quantitative Economics Complutense University of Madrid, Spain and Institute of Advanced Sciences Yokohama National University, Japan.)
    Abstract: The paper presents an overview of recent topical research on global, energy, health & medical, and tourism economics, and global software. We have interpreted “global” in the title of the Journal of Reviews on Global Economics to cover contributions that have a global impact on economics, thereby making it “global economics”. In this sense, the paper is concerned with papers on global, energy, health & medical, and tourism economics, as well as global software algorithms that have global economic impacts. The topics covered include re-opening the Silk Road to transform Chinese trade, education and skill mismatches, education policy for migrant children, code of practice and indicators for quality management of official statistics, projections of energy use and carbon emissions, multifuel allocation for power generation using genetic algorithms, optimal active energy loss with feeder routing and renewable energy for smart grid distribution, demand for narcotics with policy implications, access to maternal and child health services of migrant workers, computer technology to improve medical information, heritage tourism, ecotourism impacts on the economy, society and environment, taxi drivers’ cross-cultural communication problems and challenges, hybrid knowledge discovery system based on items and tags, game development platform to improve advanced programming skills, quadratic approximation of the newsvendor problem with imperfect quality, classification of workflow management systems for emails, academic search engine for personalized rankings, creative and learning processes using game-based activities, personal software process with automatic requirements traceability to support start-ups, and comparing statistical and data mining techniques for enrichment ontology with instances.
    Keywords: Global economics, Energy economics, Health & medical economics, Tourism economics, Global software.
    JEL: I15 L86 O13 Q47 Z32
    Date: 2017–05
  2. By: Janardan Krishna Yadav (Indian Institute of Management Kozhikode); Omkumar Krishnan (Indian Institute of Management Kozhikode)
    Abstract: There has been a great emphasis on understanding the relationship of tourism experience quality with memorability of such experiences in recent years, however very few studies have attempted to measure the nostalgic characteristics of such experiences. This study attempts validation of memorable tourism experience scale (MTES) as a measure of nostalgia intensity and vividness of tourist memory of such experiences. Using structural equation modeling approach to analyze data from 412 domestic and international tourists in backwaters of Kerala, India; the results support that memorable tourism experiences (MTEs) are related to Nostalgia Intensity and Vividness of memory of stay on the houseboats.
    Keywords: Memorable tourism experiences, Nostalgia Intensity, Vividness, Houseboat tourism
    Date: 2017–03
  3. By: Jayaraman, Tiru; Choong, Chee-Keong; Fatt Ng, Cheong; Bhatt, Markand
    Abstract: Tourism in recent years has emerged as the engine of growth in Pacific island countries. In Fiji in particular, it has relegated its traditional sugar exports to third place. Besides the steadily increasing air passenger traffic, there has been a rising trend in cruise ship arrivals. Short visits by cruise ship travelers have become additional sources of income for a host of small scale tourist operators and vendors, most of them being outside the informal sector in around its two major ports. In this context, financial inclusion efforts have assumed greater importance as these incomes in some part can find their way as savings into banks. The role of financial sector development (FSD) has thus become a critical factor in the tourism-growth nexus. This paper finds while the FSD indicator when individually employed, whether as broad money or bank credit to private sector is supportive of the growth nexus, the interaction term is has emerged with a negative sign indicating that FSD does not play a complementary role. The financial sector of Fiji is still shallow, despite considerable progress in financial inclusion efforts, measures towards deepening of FSD depend not on one front of mobilization of savings, but on all round progress in various segments of financial sector.
    Keywords: Fiji, Tourism, economic growth, financial sector development, bounds testing
    JEL: O47
    Date: 2017–05–31

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