|
on Tourism Economics |
| By: | OECD |
| Abstract: | Despite the significant negative impacts of COVID-19 on tourism, the crisis is providing an opportunity to rethink tourism for the future. Achieving this greener and more sustainable tourism recovery, calls for a greater policy focus on the environmental and socio-cultural pillars of sustainability. The paper focuses on five main pillars of policy solutions, and best practices, to help destinations rebuild and flourish in this dramatically changed policy context for tourism development. Recommended policy solutions aim to: i) rethink tourism success, ii) adopt an integrated policy-industry-community approach, iii) mainstream sustainable policies and practices, iv) develop more sustainable tourism business models, and v) implement better measure to better manage. The report presents a selection of 9 case studies on destination strategies to support a sustainable and inclusive recovery. |
| Keywords: | COVID-19, development, managing, recovery, sustainable, tourism |
| JEL: | Z38 L83 |
| Date: | 2021–01–26 |
| URL: | http://d.repec.org/n?u=RePEc:oec:cfeaab:2021/01-en&r=all |
| By: | Cevik, Serhan; Ghazanchyan, Manuk |
| Abstract: | While the world’s attention is on dealing with the COVID-19 pandemic, climate change remains a greater existential threat to vulnerable countries that are highly dependent on a weather-sensitive sector like tourism. Using a novel multidimensional index, this study investigates the long-term impact of climate change vulnerability on international tourism in a panel of 15 Caribbean countries over the period 1995–2017. Empirical results show that climate vulnerability already has a statistically and economically significant negative effect on international tourism revenues across the region. As extreme weather events are becoming more frequent and severe over time, our findings indicate that the Caribbean countries need to pursue comprehensive adaptation policies to reduce vulnerabilities to climate change. |
| Keywords: | Climate change; global warming; tourism; adaptation; resilience; Caribbean |
| JEL: | O44 Q51 Q54 |
| Date: | 2020–11–13 |
| URL: | http://d.repec.org/n?u=RePEc:pra:mprapa:104190&r=all |
| By: | Riyanto (Institute for Economic and Social Research, Faculty of Economics and Business, Universitas Indonesia, Jakarta, Indonesia, Department of Economics, Faculty of Economics and Business, Universitas Indonesia, Depok, Indonesia); Natanael W. G. Massie (Institute for Economic and Social Research, Faculty of Economics and Business, Universitas Indonesia, Jakarta, Indonesia, Department of Economics, Faculty of Economics and Business, Universitas Indonesia, Depok, Indonesia); Djoni Hartono (Department of Economics, Faculty of Economics and Business, Universitas Indonesia, Depok, Indonesia); Mohamad D. Revindo (Institute for Economic and Social Research, Faculty of Economics and Business, Universitas Indonesia, Jakarta, Indonesia, Graduate School of Global and Strategic Studies, Universitas Indonesia, Jakarta, Indonesia); Usman (Institute for Economic and Social Research, Faculty of Economics and Business, Universitas Indonesia, Jakarta, Indonesia); Setya A. Riyadi (Institute for Economic and Social Research, Faculty of Economics and Business, Universitas Indonesia, Jakarta, Indonesia); Nanda Puspita (Institute for Economic and Social Research, Faculty of Economics and Business, Universitas Indonesia, Jakarta, Indonesia); Uka Wikarya (Institute for Economic and Social Research, Faculty of Economics and Business, Universitas Indonesia, Jakarta, Indonesia, Department of Economics, Faculty of Economics and Business, Universitas Indonesia, Depok, Indonesia) |
| Abstract: | Tourism has important contribution towards Indonesia’s economy and the role tends to increase thorugh time. However, this study aims to delve deeper into how tourism can impact on poverty reduction and equal income distribution. The study employs Miyazawa’s input-output, econometrics, and micro simulation models. The results of the simulation show that without tourism activity, Indonesia’s poverty rate in 2014, 2015, and 2016 is expected to be 4% higher than the actuality. Tourism also contributes to reducing the depth of poverty from 2.04 to 1.21, as well as lessening the severity of poverty from 0.37 to 0.29 in 2016. This result is supported by econometric analysis showing that regions with tourism as a main economic activity have 1.5% to 3.4% lower poverty rate than those without. Further, domestic tourism activity offers a bigger contribution towards the lower income group when compared to their international counterparts. The implication of the findings towards policy making and tourism businesses is discussed. |
| Keywords: | Tourism — Poverty Alleviation — Income Distribution — Indonesia |
| JEL: | D63 I32 L83 R11 |
| Date: | 2020 |
| URL: | http://d.repec.org/n?u=RePEc:lpe:wpaper:202047&r=all |
| By: | Ibrahim D. Raheem (ILMA University, Karachi, Pakistan); Kazeem B. Ajide (University of Lagos, Lagos, Nigeria) |
| Abstract: | There has been an increasing wave of globalization since the turn of the millennium. This study focuses on two by-products of globalization: dollarization and tourism. Empirical studies have ignored the possible relationship between dollarization and tourism. However, we hypothesize that a booming tourism industry will fuel increase in the usage and circulation of foreign currencies. The objective of this study is to examine the extent to which the tourism industry exacerbates the dollarization process of selected Sub-sahara African (SSA) countries. Using Tobit regression, we found that tourism positively affects dollarization. This result is robust to: (i) alternative measures of tourism; (ii) accounting for endogeneity and outlier effects. |
| Keywords: | C11, E41, F31 |
| Date: | 2021–01 |
| URL: | http://d.repec.org/n?u=RePEc:exs:wpaper:21/008&r=all |
| By: | Georgieva, Daniela; Georgieva, Teodora |
| Abstract: | Research background: The implications of globalisation for social policy have been highly debated at the specialised literature. Social policies as an element of corporate responsibility reports (CSR) is neglected compared to environmental information. This can have a negative effect on the sustainability and development of industries directly dependent on their staff. Such sector in Bulgaria is the tourism where at the national level, the main challenge is the adequate parallel development of human resources as they underlie tourist product construction and development. Purpose of the article: The main aim of the study is to analyse factors that impact on the disclosed staff-related social policies at the financial statements of hotel enterprises in the territory of Varna and Burgas Black Sea regions in Bulgaria. The factors under analyses are the size of the organisation, available external audit control, available foreign participation in the capital, applicable accounting standards, accounted result (profit or loss); enterprise category. Methods: The adopted research methods are logical, deductive and comparative methods, methods of analysis and synthesis. To verify the author hypotheses the IBM – SPSS Statistics software is used. Findings & Value added: The results of the study show that comparatively high percentage of the enterprises do not publish staff-related information. This could lead to harmful effects to globalisation based on asymmetry in the data, problems with recruitment of qualified staff, unjustified economic decisions by data users. From all factors, under review, the strongest calculated statistic relationship is between the external audit control and staff-related disclosures. |
| Keywords: | Disclosures; Social Policy; Staff; Hotel Enterprises; Factors; Financial Statements |
| JEL: | M14 M48 M49 |
| Date: | 2020 |
| URL: | http://d.repec.org/n?u=RePEc:pra:mprapa:105291&r=all |
| By: | Laëtitia, Leroy de Morel (New Zealand Institute of Economic Research); Glen, Wittwer (CoPS); Christina, Leung (New Zealand Institute of Economic Research); Dion, Gämperle (New Zealand Institute of Economic Research) |
| Abstract: | We use our CGE model to assess the potential impacts of COVID-19 on the New Zealand economy and its regions. Our regional CGE model is used to run three scenarios (phases) based on the different alert levels (1-4) imposed by the New Zealand Government. For each phase, we mostly focus on restrictions applied to the entry and movements of people as well as on labour and capital temporarily rendered idle due to the isolation and social distancing measures. We do not explicitly model any fiscal response to showcase the base against which fiscal policies can be assessed. |
| Keywords: | CGE modelling; COVID-19; Tourism: New Zealand economy |
| JEL: | C68 Z30 |
| Date: | 2020–08–13 |
| URL: | http://d.repec.org/n?u=RePEc:ris:nzierw:2020_003&r=all |
| By: | Chebli, Amina; Ben said, Foued |
| Abstract: | The study aims to explore the impact of the coronavirus pandemic (Covid-19) on tourist behaviour and identifies intentions to change tourist behaviour that will emerge as a result of this pandemic. In the absence of a similar previous study, this study is designed to be a polite study. 308 travellers, selected on a non-probabilistic basis, participated in this pilot research. The data collected were subjected to Chi-square test of goodness of fit test statistical analysis and content analysis. The results indicate that the current Covid-19 pandemic is expected to have an impact on traveler behavior intentions, in terms of personal safety, economic expenditure, conviction and attitude. Finally, key findings and practical implications of this study are described for the management of this crisis, based on the results and limitations of this research, future research directions are presented. To the best of our knowledge, this paper provides the first exploratory analysis of the consequences that the Covid-19 health crisis is expected to have on travel behaviour. |
| Keywords: | Tourism; covis-19; Economics |
| JEL: | I15 L83 |
| Date: | 2020–06–21 |
| URL: | http://d.repec.org/n?u=RePEc:pra:mprapa:102910&r=all |
| By: | Loïc Lévi; Jean Jacques Nowak; Sylvain Petit (UPF - Université de la Polynésie française, UPHF - Université Polytechnique Hauts-de-France); Hakim Hammadou |
| Date: | 2020 |
| URL: | http://d.repec.org/n?u=RePEc:hal:journl:hal-03065276&r=all |