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on Tourism Economics |
| By: | González, Libertad (Universitat Pompeu Fabra); Surovtseva, Tetyana (University of Barcelona) |
| Abstract: | We analyze the impact of tourist flows on local labor markets, following a novel identification strategy that uses temporary shocks in alternative international destinations to instrument for tourism flows across Spanish regions. We find that a one standard deviation increase in tourist inflows leads to a 1 percentage-point increase in employment in the tourism industry and in other services, but it does not increase total employment, labor force participation, or wages in local economies. Instead, the positive impact on services is compensated by a fall in employment in other industries, most notably manufacturing. |
| Keywords: | employment, tourism, local labor markets, shift-share, terrorism, Spain |
| JEL: | J21 |
| Date: | 2024–12 |
| URL: | https://d.repec.org/n?u=RePEc:iza:izadps:dp17518 |
| By: | Mudida, Robert; Gil-Alana, Luis |
| Abstract: | This article focuses on the effect of the Covid-19 pandemic on tourism in several African countries located in Eastern and Southern Africa, focusing on five, namely, Burundi, Eswatini, Kenya, Mauritius and Seychelles which are important tourism destinations in Africa. For this purpose, fractional integration methods are used, which are very convenient to analyze the effects of shocks. Our results indicate that if we use data ending at December 2019, the series are mean reverting and the degree of persistence moves from low values in Mauritius and Seychelles to the highest value in Eswatini. However, if we included data referring to the Covid-19 period a substantial increase in the degree of persistence is observed, and the hypothesis of a unit root cannot be rejected for Eswatini or Mauritius with the original data and neither for Burundi or Seychelles with the log-transformed data. This implies that these economies need to increase their economic diversification to reduce excessive reliance on tourism where shocks tend to persist. Thus, only Kenya still displays a degree of mean reversion behavior and the development of innovative tourism products in Kenya can make tourism an even more important pillar of the economy. |
| Keywords: | COVID-19; tourism; Africa; fractional integration |
| JEL: | C1 |
| Date: | 2024–12–31 |
| URL: | https://d.repec.org/n?u=RePEc:pra:mprapa:123141 |
| By: | Omokolade Akinsomi; Kolawole Ijasan; Peterson Owusu Junior |
| Abstract: | The aim of the study is to examine the bi-directional shock transmission, and causal relationship between international inbound tourist volume (Arrivals) and Holiday Towns Index (HDI), national House Price Index (HDI), and exchange rates (US Dollar per South African Rand exchange rate, USDZAR) in South Africa. The study is premised on the shocks in the tourism sector by the COVID-19 pandemic and its spillover to short-term accommodation and other variables in tourism-dependent countries like South Africa. Quarterly data between 30th June 2000 to 30th September 2021 was used. The study used statistical techniques that can reveal the non-linear, asymmetric, time-varying, and time-horizon dependent complex relationships among the variables. The study employed the time-varying parameter vector autoregression (TVP-VAR) connectedness approach which can reveal the complex dynamic relationships among the variables to reveal pre-pandemic, pandemic, and post-pandemic periods. The results indicate that ARR drives both HDI and USDZAR at the total level and frequency bands. The USDZAR reduced the risk/shock transmission between Arrivals and HDI across time and frequency bands. The total and frequency band connectedness reflected those of time-horizons. Our findings have implications for both policy and tourism-related businesses and economic growth in South Africa. There is a need to pursue a healthy blend of the economic gains from tourism and over-dependence and environmental sustainability concerns. It may also be important to include exchange rates of the South African Rand with other neighbouring currencies to gauge better its role in the tourism-housing price nexus. |
| Keywords: | connectedness, COVID-19, holiday towns, international arrivals, tourism, TVP-VAR |
| JEL: | R3 |
| Date: | 2024–01–01 |
| URL: | https://d.repec.org/n?u=RePEc:afr:wpaper:afres2024-032 |
| By: | Omokolade Akinsomi; Kolawole Ijasan; Peterson Owusu Junior |
| Abstract: | The aim of the study is to examine the bi-directional shock transmission, and causal relationship between international inbound tourist volume (Arrivals) and Holiday Towns Index (HDI), national House Price Index (HDI), and exchange rates (US Dollar per South African Rand exchange rate, USDZAR) in South Africa. The study is premised on the shocks in the tourism sector by the COVID-19 pandemic and its spillover to short-term accommodation and other variables in tourism-dependent countries like South Africa. Quarterly data between 30th June 2000 to 30th September 2021 was used. The study used statistical techniques that can reveal the non-linear, asymmetric, time-varying, and time-horizon dependent complex relationships among the variables. The study employed the time-varying parameter vector autoregression (TVP-VAR) connectedness approach which can reveal the complex dynamic relationships among the variables to reveal pre-pandemic, pandemic, and post-pandemic periods. The results indicate that ARR drives both HDI and USDZAR at the total level and frequency bands. The USDZAR reduced the risk/shock transmission between Arrivals and HDI across time and frequency bands. The total and frequency band connectedness reflected those of time-horizons. Our findings have implications for both policy and tourism-related businesses and economic growth in South Africa. There is a need to pursue a healthy blend of the economic gains from tourism and over-dependence and environmental sustainability concerns. It may also be important to include exchange rates of the South African Rand with other neighbouring currencies to gauge better its role in the tourism-housing price nexus. |
| Keywords: | connectedness, COVID-19, holiday towns, international arrivals, tourism, TVP-VAR |
| JEL: | R3 |
| Date: | 2024–01–01 |
| URL: | https://d.repec.org/n?u=RePEc:afr:wpaper:2024-032 |
| By: | Bucoy, Abigail Irene; Moreno, Frede |
| Abstract: | This study evaluates the efficacy of Community-Based Tourism (CBT) as a strategic public administration initiative for sustainable development in Zamboanga City, Philippines. Employing a mixed-methods approach, the research combines quantitative surveys and economic assessments with qualitative interviews and focus groups to examine the impacts of CBT on local governance, economic growth, environmental sustainability, and social cohesion. Four case studies of CBT initiatives—Fiesta and Cultural Tourism, Eco-Tourism Project, Heritage Tourism Initiative, and Rural Tourism Development—provide a detailed analysis of their diverse implementations and outcomes. The findings reveal that CBT initiatives significantly enhance local governance by fostering community participation and transparency, in line with New Public Governance principles. Economically, these initiatives contribute to income generation, job creation, and local business development, though benefits are unevenly distributed. Environmentally, CBT promotes conservation and sustainable resource management but faces challenges such as waste management. Socially, CBT strengthens community cohesion and cultural preservation but requires ongoing efforts to address social disparities. The study's theoretical implications advance understanding of how CBT can operationalize governance principles and support sustainable development. It concludes with recommendations for policy and future research to optimize CBT’s benefits, suggesting that with strategic adaptations, CBT can be a valuable tool for sustainable development in diverse contexts. |
| Keywords: | Community-Based Tourism (CBT), Sustainable Development, Local Governance, Economic Development, Environmental Sustainability, Social Cohesion |
| JEL: | A1 H4 H7 M0 M1 M3 N5 N55 N8 N85 Q2 Q5 Z0 Z1 |
| Date: | 2024–11–27 |
| URL: | https://d.repec.org/n?u=RePEc:pra:mprapa:122798 |