Impact of Investment in Tourism Infrastructure Development on Attracting International Visitors: A Nonlinear Panel ARDL Approach Using Vietnam’s Data

Nguyen, Quang Hai

doi:10.3390/economies9030131

Cited by 56 publications

(33 citation statements)

References 58 publications

(67 reference statements)

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“…With the growing research interest in tourism and transport infrastructure, it is possible to identify different perspectives on the examination of these two areas. Nguyen (2021) examined the impact of investment in tourism infrastructure development on attracting international visitors. Using the potential accessibility approach, Michniak et al (2014) investigated the impact of investments in road infrastructure on tourism development in terms of intensification of stays.…”

Section: Theoretical Backgroundmentioning

confidence: 99%

Relationships between road transport infrastructure and tourism spending: A development approach in European OECD countries

Ivanková¹,

Gavurová²,

Bačík³

et al. 2021

JESI

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Road transport infrastructure is an attribute whose importance is increasingly emphasized in the context of a circular and sustainable economy. However, the link between this attribute and tourism spending has not been sufficiently examined. Therefore, with an emphasis on the level of development of European countries included in the Organisation for Economic Co-operation and Development (OECD), the research objective of this study was to assess the links between selected indicators of road transport and tourism spending. The analytical processing included economic data provided by international organizations and collected for the period 2010-201. Specifically, Human Development Index (HDI), Global Innovation Index (GII), Density of road (DENSITY), Share of urban roads (URBAN), Road infrastructure investment (INVEST), Business tourism spending (BTS), Leisure tourism spending (LTS), Domestic tourism spending (DTS), Foreign visitors spending (VEFS). The research sample consisted of European OECD countries (n = 26). Cluster analysis (Partition Around Medoids) divided selected countries based on HDI and GII into two clusters (less developed and more developed countries). The use of descriptive analysis together with analysis of differences (Mann -Whitney test) showed significant differences between these two clusters in most indicators (DENSITY, INVEST, BTS, LTS, DTS), while their higher values were measured in more developed countries with the exception of INVEST. Differences between clusters of countries were also revealed by correlation analysis (Spearman's ρ). In countries with a lower level of development, a panel regression analysis confirmed significant positive associations between DENSITY and tourism spending (BTS, LTS, VEFS). The results indicated that the development of countries played an important role in evaluating the links examined in this study. In less developed countries, progress in the development of road infrastructure could be associated with increased tourism spending.

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Section: Theoretical Backgroundmentioning

confidence: 99%

Relationships between road transport infrastructure and tourism spending: A development approach in European OECD countries

Ivanková¹,

Gavurová²,

Bačík³

et al. 2021

JESI

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“…Therefore, these instability events are dummy variables in the models. The dummy variable takes the value 1 in 1998, 2003, and 2009 for all of the markets, 1995 and 2015 for the China source market only (see Nguyen 2021), and the remaining years receive the value 0.…”

Section: Sample and Datamentioning

confidence: 99%

Tourism Demand Elasticities by Income and Prices of International Market Regions: Evidence Using Vietnam’s Data

Nguyen

2021

Economies

Self Cite

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This study aims to determine tourism demand elasticities by income and prices of regions, as well as total international markets. It is deployed to a total of 10 major source markets and two separate regions, from Asia and intercontinental to Vietnam. The results of data analysis for the period 1995–2019 and using a nonlinear panel ARDL approach show that tourism demand from major Asian markets to Vietnam is strongly income elastic, but tourism demand from major intercontinental markets to Vietnam is relatively price inelastic. Tourism demand in intercontinental markets is less elastic to price, but in Asian markets it is quite price sensitive, especially own price elasticities. In addition, different effects of income and prices are found in most of the major markets. Study results have provided useful insights into different types of tourism goods and price sensitivity between market regions, as well as the degree of substitute destinations.

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“…In order to meet tourist demand, travel businesses and SMEs play an important role in supporting the transportation, communication, accommodation, handicraft and product industries, service industries, restaurants and other economic enterprises. Thus, investment in tourisminfrastructure development is a key step in developing tourist destinations and driving development [35,36]. Furthermore, the COVID-19 pandemic affects economic growth and the management of the tourism sector.…”

Section: Literature Review and Conceptual Frameworkmentioning

confidence: 99%

Travel-Business Stagnation and SME Business Turbulence in the Tourism Sector in the Era of the COVID-19 Pandemic

Surya

Hernita²,

Salim

et al. 2022

Sustainability

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The COVID-19 pandemic, apart from having an impact on public health, has also caused the stagnation of travel-bureau businesses and the management of small and medium enterprises (SMEs) in the tourism sector. This study aims to analyze the COVID-19 pandemic as a determinant of travel-business stagnation and turbulence in small and medium enterprises (SMEs), the influence of human resources, business development, and product marketing on the productivity of the travel and SME business, the direct and indirect effects of business innovation, economic digitization, and the use of technology on business stability and economic-business sustainability. This study uses an explanatory sequential qualitative–quantitative approach. Data were obtained through observation, in-depth interviews, surveys, and documentation. This study is focused on assessing the efforts made by travel-agency-business actors and SMEs in responding and adapting to changes in the business environment, both internally and externally. Human resources, business development, and product marketing together affect the productivity of travel agents and SMEs with a coefficient of determination of 95.84%. Furthermore, business innovation, economic digitization, and the use of technology simultaneously affect business stability with a coefficient of determination of 63.8%, and business stability affects the sustainability of travel and SMEs with a coefficient of determination of 67.6%. This study recommends a strategy for travel-agency-business sustainability and the stability of SMEs’ economic-business management towards increasing economic growth in the North Toraja Regency, South Sulawesi, Indonesia.

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Impact of Investment in Tourism Infrastructure Development on Attracting International Visitors: A Nonlinear Panel ARDL Approach Using Vietnam’s Data

Cited by 56 publications

References 58 publications

Relationships between road transport infrastructure and tourism spending: A development approach in European OECD countries

Relationships between road transport infrastructure and tourism spending: A development approach in European OECD countries

Tourism Demand Elasticities by Income and Prices of International Market Regions: Evidence Using Vietnam’s Data

Travel-Business Stagnation and SME Business Turbulence in the Tourism Sector in the Era of the COVID-19 Pandemic

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