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on Tourism Economics |
| By: | Conti, Laura (Bank of Italy); Francesconi, Marco (University of Essex); Papini, Giulio (Bank of Italy); Serafinelli, Michel (King's College London) |
| Abstract: | This paper documents how the local labor market (LLM) responds to a change in touristic attractiveness. Leveraging largely underutilized data from several sources, we exploit a unique classification of Italian localities based on their main touristic assets and aggregate trends in foreign tourists' choices in a shift-share research design. Looking at all LLMs, we find a strong positive relationship between changes in attractiveness and changes in the local tourism-related economic activity, with a positive impact on tourism expenditure and tourism employment, but no effect on total employment. In high-unemployment LLMs, however, we find evidence of sizable total employment effects and large indirect effects generated through industries related to tourism and firms in the nontradable sector. We observe no effects on wage growth. We discuss our results in the context of the current policy debate on the role of tourism in the development of the local economy. |
| Keywords: | tourism, job growth, unemployment, local spillovers, heterogeneity |
| JEL: | J21 R11 R12 R23 Z30 |
| Date: | 2025–06 |
| URL: | https://d.repec.org/n?u=RePEc:iza:izadps:dp17933 |
| By: | Muhammad Farooq Ahmad (SKEMA Business School - SKEMA Business School); Christos Alexakis (ESC [Rennes] - ESC Rennes School of Business); Saqib Aziz (ESC [Rennes] - ESC Rennes School of Business); Konstantinos Eleftheriou (University of Piraeus) |
| Abstract: | The tourism industry is one of the largest sectors of the international economy with a 10.3 percent share in global GDP while cross-border mergers and acquisitions (M&A) activity contributes 42–45 percent to aggregate foreign direct investment (FDI) flows. However, little is known about the extent to which tourism activity may affect cross-border M&A activity. We employ a spatial econometrics framework over a sample of 3849 M&A transactions from 34 countries to examine the role of tourism activity in cross-border M&A in the tourism sector. Our results indicate that tourism activity reduces M&As investment uncertainty. In addition, cultural distance negatively affects tourism's role as a channel for M&A activity. |
| Keywords: | Tourism industry Mergers and acquisitions Cross-border deals Spatial econometrics |
| Date: | 2025–05–12 |
| URL: | https://d.repec.org/n?u=RePEc:hal:journl:hal-05068471 |
| By: | Germà Bel (Department of Econometrics, Statistics and Applied Economics, Universitat de Barcelona, Spain.); Lluís Colomés-Barbarà (Aiball Lovelace, Spain.); Ferran A. Mazaira-Font (Department of Econometrics, Statistics and Applied Economics, Universitat de Barcelona, Spain.) |
| Abstract: | Unease with tourism has spread to many areas with large populations, and local governments are implementing or discussing measures to reduce tourist intensity. The metropolitan-based narrative about the negative externalities of tourism has often been projected onto all types of destinations. Our research empirically analyzes whether the effects on community well-being are as homogeneous as anti-tourism narratives assume, in a heterogeneous and mature tourism market. We find that in both larger and smaller municipalities, tourism increases inequality, although to a limited extent. However, the effects on per capita income and on housing rental prices differ greatly. Government should avoid a "one-size-fits-all" approach when considering tourism policies. |
| Keywords: | Tourism; income; inequality; housing; special effects. JEL classification: |
| Date: | 2025–01 |
| URL: | https://d.repec.org/n?u=RePEc:ira:wpaper:202506 |
| By: | Leïla Damak (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]); Danielle Pailler (LEMNA - Laboratoire d'économie et de management de Nantes Atlantique - Nantes Univ - IAE Nantes - Nantes Université - Institut d'Administration des Entreprises - Nantes - Nantes Université - pôle Sociétés - Nantes Univ - Nantes Université) |
| Abstract: | Our research aims to explore the conceptual and methodological potential of the intersections between care theories and cultural rights in the context of island tourism development. It seeks to highlight the relevance of such an approach to valorize the value of often invisible local resources, whether tangible or intangible. |
| Abstract: | Notre recherche propose d'explorer le potentiel conceptuel et méthodologique que pourraient présenter les intersections entre les théories du care et les droits culturels dans le contexte du développement du tourisme dans les îles. Elle cherche à mettre en évidence la pertinence d'une telle approche pour valoriser les ressources locales souvent invisibilisées, qu'elles soient matérielles ou immatérielles. |
| Keywords: | care theories, cultural rights, sustainable tourism development on islands, citizen participation, valorization of local resources, care theories cultural rights sustainable tourism development on islands citizen participation valorization of local resources |
| Date: | 2024–11–22 |
| URL: | https://d.repec.org/n?u=RePEc:hal:journl:halshs-05088786 |