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on Tourism Economics |
| By: | FIGINI Paolo; PATUELLI Roberto; CURTALE Riccardo (European Commission - JRC); BATISTA E SILVA Filipe (European Commission - JRC) |
| Abstract: | The tourism sector has been indicated by the European Commission as one of the 14 strategic industries to build a stronger single market for Europe’s recovery after the COVID-19 pandemic shock. Despite the importance of tourism, the data describing its socioeconomic impact are still limited and fragmented. The direct economic impact of tourism is appraised through the Tourism Satellite Account (TSA) framework compiled by National Statistical Institutes under the coordination of Eurostat. TSA data have an unrealized potential to evaluate not only direct, but also indirect and induced effect of tourism on the economy. This report documents a pilot study coordinated by the JRC in collaboration with Eurostat and DG GROW carrying two main tasks: (i) the collation and harmonization of TSA data from different EU countries, and (ii) their combination with input-output tables to estimate the direct and indirect economic impact of tourism in terms of total consumption, value added and employment. The methodology is applied to a sample of 10 EU countries, and the results are compared with estimates provided by official statistics and other sources. This study demonstrates that TSA data can be harnessed to assess the socioeconomic contribution of tourism and support EU policy in a more complete and systematic way. However, the study also identified issues in the availability, completeness and consistency of TSA data, from which suggestions to improve TSA data production, dissemination and publication are drawn. |
| Keywords: | tourism |
| Date: | 2022–11 |
| URL: | http://d.repec.org/n?u=RePEc:ipt:iptwpa:jrc130978&r=tur |
| By: | Soh, Ann-Ni; Puah, Chin-Hong; Jong, Meng-Chang |
| Abstract: | A wave of studies has always surrounded the nexus of tourism development and economic growth in a nation. An assessment is provided in this study to examine the Malaysian tourism market dynamics. A series of macroeconomic variables has been utilised to model tourism demand and examine causal linkages among tourism and economic growth. Spanning from 2000 till 2018 on a monthly basis, the Markov regime switching regression provides an overview of tourism market performance and potential influences during recession and expansion periods of the Malaysian tourism cycle. Notably, the results present a reference chronology of the crises happening over the past two decades, the Granger causality of the variables, and different behavioural changes of the variables as well for both recession and expansion periods. Significant relationships have been revealed in this study that suggest that overall international tourism can drive economic growth and vice versa. |
| Keywords: | Markov switching regression, sustainable development goals, Granger causality, tourism-led growth hypothesis, R language |
| JEL: | O11 O4 |
| Date: | 2022–12–11 |
| URL: | http://d.repec.org/n?u=RePEc:pra:mprapa:115617&r=tur |
| By: | Riadh Ben Jelili (LEGO - Laboratoire d'Economie et de Gestion de l'Ouest - UBS - Université de Bretagne Sud - UBO - Université de Brest - IMT - Institut Mines-Télécom [Paris] - IBSHS - Institut Brestois des Sciences de l'Homme et de la Société - UBO - Université de Brest - UBL - Université Bretagne Loire - IMT Atlantique - IMT Atlantique - IMT - Institut Mines-Télécom [Paris]) |
| Date: | 2022–11–05 |
| URL: | http://d.repec.org/n?u=RePEc:hal:wpaper:hal-03840596&r=tur |