Financial resilience is characterised by four sets of variables, namely economic resources, financial inclusion, financial capability and social capital. The purpose of this study is to examine the association between financial resilience and life satisfaction of Indigenous Australians using the (2014/ 2015) National Aboriginal and Torres Strait Islander Social Survey data. The results reveal that running out of money for living and problems in accessing financial services have significant negative implications on the life satisfaction of Indigenous Australians. The ability to raise money in an emergency, social connections and community support in times of crisis contributes to greater life satisfaction.
Tourism is an important economic driver and plays a critical role in the economic development of South Asian countries. However, tourism also brings about some inevitable consequences on the environmental quality of these countries. Using the Autoregressive Distributed Lags, Vector Error-Correction Model and Panel frameworks, we investigate the inter-relationships between tourism, energy consumption, CO 2 emissions and gross domestic product (GDP) in South Asia, using data for the period 1990-2014. We find that, in the long-run, tourism positively contributes to GDP, CO 2 emissions and to the demand for energy; an increase in GDP improves tourism; and an increase in CO 2 levels is not a deterrent for tourists to visit
The relationship between pandemics and travel is an essential element in understanding health security and global change. Using cross-country COVID-19 confirmed cumulated cases and deaths data for 165 countries as of 3rd February 2021, this study investigates the impact of tourism, the experience of SARS and Swine flu, and several other socio-economic variables on the spread of the COVID-19 pandemic at the global and regional level. The results reveal that (1) the higher the volume of inbound and outbound tourism, the higher the number of reported COVID-19 cases and deaths at the global as well as at the regional level; (2) the impact of tourism on COVID-19 cases and deaths varies across regions, and; (3) countries that have experience in handling SARS or Swine flu pandemics have been able to reduce COVID-19 cases and deaths significantly, in particular, the countries in the Asia Pacific region.
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