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on Tourism Economics |
| By: | Theodore Panagiotidis (Department of Economics, University of Macedonia, Greece); Maurizio Mussoni (Department of Management, University of Bologna, Italy; Rimini Centre for Economic Analysis); Georgios Voucharas (Department of Economics, University of Macedonia, Greece) |
| Abstract: | We revisit the tourism-led growth hypothesis by utilizing a panel set of 108 countries over the period 1996-2017. We quantify the effects of tourism on the entire conditional distribution of economic growth for both relatively poor and relatively rich countries within a panel quantile regression framework. We address the unobserved heterogeneity and potential endogeneity concerns. We reveal that the lower the conditional growth rate a country experiences the more important is tourism development for the conditional growth distribution for both developing and developed countries. The size of the effect in developed countries is twice as high as in developing ones. On the other hand, tourism specialization is beneficial only at higher quantiles of the conditional growth distribution and only for developed countries. On the contrary, it brings about an undesirable effect in developing countries. Finally, we examine the impact of a reduction in tourism activity on economic growth due to an exogenous shock (i.e., COVID-19). Simulation analysis based on the quantile regression estimates shows that countries facing relatively low growth rates conditionally to the growth distribution are affected the most. Policymakers may consider the importance of tourism activity in the growth process and formulate strategies that align with the growth experience of each country. |
| Keywords: | tourism-led-growth, growth regression, panel quantile regression |
| JEL: | L83 C33 O11 |
| Date: | 2023–07 |
| URL: | http://d.repec.org/n?u=RePEc:rim:rimwps:23-13&r=tur |
| By: | Meitolo Hulu (Universitas Pelita Harapan, Jl.MH Thamrin Boulevard 1100, 15811, Jakarta, Indonesia Author-2-Name: Diena M. Lemy Author-2-Workplace-Name: Universitas Pelita Harapan, Jl.MH Thamrin Boulevard 1100, 15811, Jakarta, Indonesia Author-3-Name: Amelda Pramezwary Author-3-Workplace-Name: Universitas Pelita Harapan, Jl.MH Thamrin Boulevard 1100, 15811, Jakarta, Indonesia Author-4-Name: Juliana Author-4-Workplace-Name: "Universitas Pelita Harapan, Jl.MH Thamrin Boulevard 1100, 15811, Jakarta, Indonesia " Author-5-Name: Yosep Dudedes Timba Author-5-Workplace-Name: "Universitas Pelita Harapan, Jl.MH Thamrin Boulevard 1100, 15811, Jakarta, Indonesia " Author-6-Name: Author-6-Workplace-Name: Author-7-Name: Author-7-Workplace-Name: Author-8-Name: Author-8-Workplace-Name:) |
| Abstract: | " Objective - This research focused on local communities' involvement as SMEs in Batam City's coastal area tourism. This study is based on the argument that MSMEs offer welfare to local communities while simultaneously becoming an attraction in tourist destinations. Methodology - This research used a descriptive qualitative approach with primary and secondary data collection. Primary data was collected through focused group discussions, interviews with local governments, interviews with community MSME actors, and field observations in four coastal areas. Secondary data was gathered through the collection of related documents. Findings - The results of this study indicate that (1) local communities' involvement as MSME actors are still not optimal due to limited knowledge of when and how to exploit economic opportunities, (2) there is potential in developing culinary, crafts, and local culture by curating potential products and packaging local culture into a tourist attraction, (3) local communities have limited access to human resources training and service quality improvement programs provided by the local governments. Tourism awareness groups in observed areas have worked to mobilize and increase local communities' involvement. Novelty - Exploring the potentials of culinary, craft, and tourist attractions requires optimum local government involvement. The provincial government and communities join efforts to improve the quality of coastal tourism by developing local communities' role as SMEs in the tourism sector. This finding proves that coastal potential cannot be used sustainably if it is not developed through the involvement of local communities. Type of Paper - Empirical" |
| Keywords: | Coastal Tourism Areas, MSME Tourism, local community involvement |
| JEL: | P25 R11 Z11 Z32 |
| Date: | 2023–06–30 |
| URL: | http://d.repec.org/n?u=RePEc:gtr:gatrjs:jber235&r=tur |
| By: | Le, Tam-Tri; Jin, Ruining; Nguyen, Minh-Hoang; Vuong, Quan-Hoang |
| Abstract: | Space tourism is an emerging field where few people have direct experience. However, considering the potential in the near future, it is beneficial to better understand how related information influences people’s attitudes about this new form of tourism. Employing information-processing-based Bayesian Mindsponge Framework (BMF) analytics on a dataset of 361 respondents consuming content related to space tourism on Chinese social media, we found that induced happiness and impression are positively associated with willingness to try space tourism. Information authenticity positively moderates these two associations. Our findings emphasize three aspects of information during the processes of reception and filtering: meaning, intensity, and trust. Since promotional materials for space tourism rely heavily on mental simulations rather than objective feedback, creative uses of digital technology are advantageous. However, precautions must be taken to prevent exploitation, such as false advertising, exaggeration, and emotional manipulation. |
| Date: | 2023–07–10 |
| URL: | http://d.repec.org/n?u=RePEc:osf:osfxxx:ndt6j&r=tur |