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on Tourism Economics |
| By: | Shaidathul Jemin (Faculty of Hotel and Tourism Management, Universiti Teknologi Mara Author-2-Name: Saizal Pinjaman Author-2-Workplace-Name: "Centre for Economic Development and Policy, Universiti Malaysia Sabah " Author-3-Name: Abdul Rahim Ridzuan Author-3-Workplace-Name: "Faculty of Business and Management, Universiti Teknologi Mara " Author-4-Name: Suddin Lada Author-4-Workplace-Name: "Faculty of Business, Economics and Accountancy, Universiti Malaysia Sabah " Author-5-Name: Author-5-Workplace-Name: Author-6-Name: Author-6-Workplace-Name: Author-7-Name: Author-7-Workplace-Name: Author-8-Name: Author-8-Workplace-Name:) |
| Abstract: | " Objective - The current paper investigates the relationship between macroeconomic factors and tourism demand for OIC countries. Methodology - The current paper employed the panel quantile regression analysis to assess the relationship. Findings - It is demonstrated that the impact of macroeconomic factors on tourism receipts is heterogeneous depending on the levels of tourism spending in the OIC host countries. The exchange rate and income exhibit a positive relationship with tourism demand. Meanwhile, inflation presents a negative relationship towards tourism demand at the lower level of tourism demand yet is positively related to the higher level. On the other hand, trade openness is negatively related to tourism receipts in general, and the strength of the relationship decreases at a higher level of demand. Novelty - Compared to previous studies, the impact of the macroeconomic factors was assessed across different levels of tourism demand. Type of Paper - Empirical" |
| Keywords: | Tourism Demand; Macroeconomic Factors; OIC countries; Quantile Regression |
| JEL: | L83 Z32 O10 |
| Date: | 2023–09–30 |
| URL: | http://d.repec.org/n?u=RePEc:gtr:gatrjs:jber238&r=tur |
| By: | Sylvain B. Ngassam (Dschang, Cameroon); Simplice A. Asongu (Johannesburg, South Africa); Gildas T. Ngueuleweu (Dschang, Cameroon) |
| Abstract: | Despite a growing literature on the natural resource curse, existing studies are sparse on how real effective exchange rate, political stability and corruption shape the relationship between natural resources and tourism revenues. This study analyses both the direct and indirect effects of natural resources on tourism revenues using a panel 95 countries around the world from 1996 to 2018. First, our results indicate that natural resource dependence negatively impacts tourism revenues. Second, above certain thresholds, natural resources curse the tourism sector through the corruption of exchange rate. These results motivate recommendations aimed at maintaining political stability, reducing cumbersome regulations of tourism activities that generate corruption and the adoption of appropriate exchange rate regime is recommended but this requires further studies. |
| Keywords: | Corruption, Dutch diseases, natural resource, political stability, tourism revenues |
| JEL: | Q34 P28 L84 |
| Date: | 2023–01 |
| URL: | http://d.repec.org/n?u=RePEc:exs:wpaper:23/067&r=tur |