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on Tourism Economics |
| By: | Destek, Mehmet Akif; Aydın, Sercan |
| Abstract: | The goal of this research is to investigate the impact of tourism on sustainable development in the 10 most visited countries. For this purpose, following the STIRPAT model, the impact of urbanization, energy intensity and tourism on the newly designed sustainable development index is examined for the period 1995-2015. In doing so, tourism is represented by two different indicators, the number of tourists and tourism receipts. In addition, the impact of tourism on economic growth is analyzed to compare the effects of tourism development on economic growth and sustainable development. While doing this, second generation panel data methods are used to take into account the possible inter-country dependency. According to the findings obtained in the study, tourism, energy intensity and urbanization have positive effects on economic growth. On the other hand, the effects of all three factors on the sustainable development index are negative and statistically significant. These findings indicate that the harmful effects of tourism on other dimensions of sustainable development are greater than the beneficial effects of tourism on economic growth. |
| Keywords: | Tourist Arrivals; Sustainable Development Index; Energy Intensity; Urbanization; Panel Data |
| JEL: | Q5 |
| Date: | 2021–09–09 |
| URL: | http://d.repec.org/n?u=RePEc:pra:mprapa:114219&r= |
| By: | Sheilla Nyasha; Nicholas M. Odhiambo |
| Abstract: | In this study, the key determinants of tourism development in three study countries – South Africa, Brazil and Vietnam – have been examined for the period from 1995 to 2018. Despite the growing empirical literature on the determinants of tourism development from a number of countries, these countries have remained understudied. The study uses two proxies, namely: tourism revenue (TR) and the number of international tourist arrivals (TA), to measure the level of tourism development. Using the ARDL bounds-testing approach, the findings of the study have shown that the determinants of tourism development differ from country to country and over time. In addition, the study shows that the determinants depend on the proxy used to measure the level of tourism development. Overall, the study found that the positive drivers of tourism in these countries are tourist disposable income, financial development, trade openness and political stability, while the negative drivers include exchange rate, price level and carbon emissions. |
| URL: | http://d.repec.org/n?u=RePEc:afa:wpaper:aesriwp24&r= |