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on Tourism Economics |
| By: | Makun, Keshmeer; Jayaraman, TK |
| Abstract: | Since the first Quarter of 2020, due to the spread of the Covid-19 pandemic, which is still continuing unabated with the periodical emergence of new variants, international tourism has become one of the most adversely affected sources of external earnings of developing countries. The World Travel and Tourism Council has predicted that border closures, as part of travel bans imposed by all affected countries to contain spread of the pandemic combined with the shattered travelers’ confidence, would lead to a loss of 100 million jobs on a global scale in 2021 and 2022 along with an expected fall in world tourism by 60 to 80 percent. For the South Asian countries, the crisis would result in a 42 to 60 percent drop in tourist arrivals in 2020 and 2021. Tourism has also been providing a great impetus to the growth of informal sector supported by information and communication technology with participation of women, both full time and part time, in significant number of small and mini-enterprises. This panel study employing a nonlinear econometric methodology confirms the existence of an asymmetric association between tourism and economic growth for six South Asian countries for the period 1995 to 2018. While a given size of positive partial sum decomposition of tourism increased growth, the negative partial sum decomposition of tourism of the same size resulted in a greater adverse effect on economic growth. There are some lessons of policy implications which are drawn from the study in the context of continuing uncertainties. |
| Keywords: | Tourism, economic growth, Covid-19, nonlinear panel ARDL, South Asia. |
| JEL: | F4 L83 O3 |
| Date: | 2022–01–04 |
| URL: | http://d.repec.org/n?u=RePEc:pra:mprapa:111377&r= |
| By: | Isaac K. Ofori (University of Insubria, Varese, Italy); Toyo A. M. Dossou (Chengdu, China); Seyi S. Akadiri (Central Bank of Nigeria, Abuja, Nigeria) |
| Abstract: | Despite the growing attention on the tourism development-income inequality nexus, a conspicuous gap in the literature is that rigorous empirical works examining how good governance moderates the relationship is hard to find. Anchoring on the trickle-down theory and the tourism-led growth hypothesis, this study fills this void in the literature based on data for 48 African countries for the period 1996 – 2020. We provide strong evidence robust to several specifications from the GMM estimator to show that, though unconditionally, both tourism development and governance reduce income inequality in Africa, the effect of the former is amplified in the presence of quality economic, political and institutional governance. Particularly, we find that control of corruption and political stability are keys for propelling Africa’s tourism sector to contribute to shared income distribution across the continent. Policy recommendations are provided in line with SDG 10 and Aspirations 1 and 3 of Africa’s Agenda 2063. |
| Keywords: | Africa; Corruption; Governance; Income Inequality; Tourism Development; Tourism Receipts |
| JEL: | C33 D31 D63 H11 L5 O55 Z32 |
| Date: | 2021–01 |
| URL: | http://d.repec.org/n?u=RePEc:exs:wpaper:21/092&r= |
| By: | Laurence Graillot (CREGO - Centre de Recherche en Gestion des Organisations [Dijon] - UBFC - Université Bourgogne Franche-Comté [COMUE] - Université de Haute-Alsace (UHA) - Université de Haute-Alsace (UHA) Mulhouse - Colmar - UB - Université de Bourgogne - UFC - Université de Franche-Comté - UBFC - Université Bourgogne Franche-Comté [COMUE]) |
| Abstract: | The quest for well-being is one of the driving forces behind human behaviour, this quest being particularly observed in tourism, which is considered to be an activity that provides it. However, the causes of well-being are not yet fully understood. The aim of this article is to identify the main factors likely to contribute to the well-being experienced in a tourist environment by using the fields of positive psychology and consumer behaviour and, beyond, marketing. Firstly, the contributions of positive psychology to the analysis of well-being will be presented. Secondly, an integrating model of the well-being factors in tourism will be suggested. This model will bring together the analysis of these factors proposed by positive psychology and that of the concept of experiences carried out from the perspective of consumer behaviour. This model will be the basis for the presentation of the different factors likely to foster or hamper well-being in active sports tourism, the experiential potential of the latter being recognized. Thirdly, some managerial implications will be formulated. In conclusion, several contributions, limitations, and future research directions will be outlined. |
| Abstract: | La quête du bien-être représente l'un des moteurs des comportements humains, cette quête s'observant particulièrement dans le tourisme qui est considéré comme une activité qui le procure. Cependant, les causes du bien-être ne sont pas encore parfaitement appréhendées. Cet article a pour objectif d'identifier les principaux facteurs susceptibles de contribuer au bien-être vécu dans un cadre touristique en mobilisant le champ de la psychologie positive et celui du comportement du consommateur et, au-delà, du marketing. Dans un premier temps, les apports de la psychologie positive à l'analyse du bien-être seront exposés et, dans un deuxième temps, un modèle intégrateur des facteurs du bien-être dans le domaine du tourisme sera proposé. Ce modèle rapprochera l'analyse de ces facteurs offerte par la psychologie positive et celle du concept d'expériences réalisée dans la perspective du comportement du consommateur. Ce modèle fondera la présentation des différents facteurs susceptibles de favoriser ou de restreindre le bien-être dans le cadre du tourisme sportif actif, le potentiel expérientiel de ce dernier étant reconnu. Dans un troisième temps, quelques implications managériales seront formulées. En conclusion, plusieurs apports, limites et prolongements liés à la recherche seront suggérés. |
| Keywords: | Well-being,Hedonism,Eudaimonism,Experience,Tourism,Active sport tourism,Bien-être,Hédonisme,Eudémonisme,Expérience,Tourisme,Tourisme sportif actif |
| Date: | 2021 |
| URL: | http://d.repec.org/n?u=RePEc:hal:journl:hal-03457468&r= |