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on Tourism Economics |
| By: | OECD |
| Abstract: | Tourism start-ups are helping drive innovation in response to digitalisation, sustainability imperatives and changing traveller expectations. This paper examines how incubators and accelerators support tourism entrepreneurship across European and OECD countries. It highlights a growing and diverse support landscape, but also identifies challenges related to fragmented support, limited scale-up opportunities, and gaps in evidence on programme impacts. The paper outlines policy considerations to strengthen tourism innovation ecosystems, including better co-ordination, stronger industry linkages, more continuous support pathways, and improved monitoring and evaluation. By shedding light emerging practices, it contributes to a better understanding of how incubation and acceleration initiatives can support a more innovative, competitive and sustainable tourism sector. |
| Keywords: | accelerators, digital formation, entrepreneurship, incubators, tourism, travel and tourism start-ups |
| JEL: | Z38 L26 Z3 |
| Date: | 2026–08–28 |
| URL: | https://d.repec.org/n?u=RePEc:oec:cfeaab:2026/01-en |
| By: | Ramaharo, Franck Maminirina (Ministry of Economy and Finance (Ministère de l'Economie et des Finances)) |
| Abstract: | We evaluate the validity of the tourism-led growth (TLG) hypothesis for Madagascar through an examination of the asymmetric relationships among economic growth, tourism activity, and financial development over the period 2007Q1-2024Q4. Nonlinear Autoregressive Distributed Lag (NARDL) modeling reveals a statistically significant long-run asymmetric effect, wherein negative shocks to tourist arrivals exert a stronger adverse impact on economic growth than the expansionary effect of equivalent increases. With respect to causal dynamics, bivariate symmetric Granger causality testing first uncovers empirical support for the TLG hypothesis. Subsequent short-run asymmetric causality then supports the conservation hypothesis, wherein negative economic growth shocks trigger positive tourist inflows. This dynamic suggests that tourism functions as a counter-cyclical shock absorber during domestic downturns. Consequently, our analysis highlights the need to pivot strategy away from mere tourist volume toward high-yield retention and investment in a resilient tourism sector. |
| Date: | 2026–08–19 |
| URL: | https://d.repec.org/n?u=RePEc:osf:socarx:6fpuy_v1 |