Is the Tourism Sector Supportive of Economic Growth? Empirical Evidence on Romanian Tourism

Surugiu, Camelia; Surugiu, Marius-Răzvan

doi:10.5367/te.2013.0196

Cited by 77 publications

(51 citation statements)

References 67 publications

(59 reference statements)

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“…In addition, it should be emphasised that each country has its own particularities, which should be perceived and integrated in a wider socio-economic context (Surugiu, Surugiu, 2013). Given the above mentioned, it cannot be claimed that the FDI-led tourism hypothesis is valid for each respective country.…”

Section: Conclusion and Policy Implicationsmentioning

confidence: 99%

FDI-led tourism growth hypothesis: empirical evidence from Croatian tourism

Perić

Radić

2016

European Journal of Tourism, Hospitality and Recreation

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Abstract:The aim of this paper is to explore the causal relationship between the foreign direct investment (FDI) stock in tourism and the number of international tourist arrivals in the Republic of Croatia in the period from 2000 to 2012. The study uses quarterly time series data from 2000(1) to 2012 (4). The augmented Dickey-Fuller (ADF) test was carried out to test the stationarity of variables. The Johansen co-integration test was used to test a long-term relationship between the variables, and given the absence of the same, the vector autoregression (VAR) model is set up. The Granger and Toda-Yamamoto test was conducted to test a short-run causality between the selected variables. The results indicated a one-way shortrun causality relationship running from FDI in tourism to international tourism arrivals at a high significance level of 1%. The research results emphasise the need to establish a favourable macroeconomic environment, as well as a policy of incentive investment measures specifically targeted at the tourism sector. This would enhance the conditions for higher FDI inflow essential for qualitative and quantitative positioning of Croatian tourism compared to competing destinations.

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Section: Conclusion and Policy Implicationsmentioning

confidence: 99%

FDI-led tourism growth hypothesis: empirical evidence from Croatian tourism

Perić

Radić

2016

European Journal of Tourism, Hospitality and Recreation

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“…In particular, it is believed that tourism (i) increases foreign exchange earnings, which in turn can be used to finance imports (McKinnon, 1964), (ii) it encourages investment and drives local firms towards greater efficiency due to the increased competition (Krueger, 1980;Balaguer and Cantavella-Jorda, 2002), (iii) it alleviates unemployment, since tourism activities are heavily based on human capital (Brida and Pulina, 2010) and (iv) it leads to positive economies of scale thus, decreasing production costs for local businesses (Andriotis, 2002;Croes, 2006). Other recent studies which find evidence in favour of the TLEG hypothesis include Sugiyarto et al (2003), Durbarry (2004), Parrilla et al (2007), Croes and Vanegas (2008), Proenca and Soukiazis (2008), Fayissa et al (2011), Pratt (2011), Dritsakis (2012), Eeckels et al (2012), Ivanov and Webster (2013), Surugiu and Surugiu (2013).…”

Section: Introductionmentioning

confidence: 98%

How strong is the linkage between tourism and economic growth in Europe?

2015

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In this study, we examine the dynamic relationship between tourism growth and economic growth, using a newly introduced spillover index approach. Based on monthly data for 10 European countries over the period 1995-2012, our analysis reveals the following empirical regularities. First, the tourism-economic growth relationship is not stable over time in terms of both magnitude and direction, indicating that the tourism-led economic growth (TLEG) and the economic-driven tourism growth (EDTG) hypotheses are time-dependent. Second, the aforementioned relationship is also highly economic event-dependent, as it is influenced by the Great Recession of 2007 and the ongoing Eurozone debt crisis that began in 2010. Finally, the impact of these economic events is more pronounced in Cyprus, Greece, Portugal and Spain, which are the European countries that have witnessed the greatest economic downturn since 2009. Plausible explanations of these results are provided and policy implications are drawn.

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“…The land use change can be measured using Equation (8) in hectares and Equation (9) in percent, and the equations are defined as follows:…”

Section: Methodsmentioning

confidence: 99%

“…Population growth and economic changes are two important factors influencing land use changes and the availability of agricultural land, especially in urban areas [6]. One of the drivers of economic and population growth is tourism activities [7,8]. Tourism has a strong impact on land use, both at particular sites and in adjoining zones and travel corridors [9].…”

Section: Introductionmentioning

confidence: 99%

Changes in Gross Primary Production (GPP) over the Past Two Decades Due to Land Use Conversion in a Tourism City

Nuarsa

As-syakur

Gunadi

et al. 2018

IJGI

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Understanding the changes in gross primary production (GPP), which is the total carbon fixation by terrestrial ecosystems through vegetation photosynthesis, due to land use conversion in a tourism city is important for carbon cycle studies. Satellite data from Landsat 5, Landsat 7 and Landsat 8 and meteorological data are used to calculate annual GPP for 1995, 2003 and 2014, respectively, using the vegetation production model (VPM) in the tourism city Denpasar, Bali, Indonesia. Five land use types generated from topographic maps in three different years over the past two decades are used to quantify the impacts of land use changes on GPP estimation values. Analysis was performed for two periods to determine changes in land use and GPP value as well as their speed. The results demonstrated that urban land development, namely, the increase of settlement areas due to tourism activity, had overall negative effects on terrestrial GPP. The total GPP of the whole area decreased by 7793.96 tC year −1 (12.65%) during the study period. The decline is due to the conversion of agriculture and grassland area into settlements, which caused the city to lose half of its ability to uptake carbon through vegetation. However, although forest area is declining, forest maintenance and restoration by making them protection areas has been helpful in preventing a drastic decline in GPP value over the past two decades. This study provides information that is useful for carbon resource management, tourism, policy making and scholars concerned about carbon reduction in a tourism city.

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Is the Tourism Sector Supportive of Economic Growth? Empirical Evidence on Romanian Tourism

Cited by 77 publications

References 67 publications

FDI-led tourism growth hypothesis: empirical evidence from Croatian tourism

FDI-led tourism growth hypothesis: empirical evidence from Croatian tourism

How strong is the linkage between tourism and economic growth in Europe?

Changes in Gross Primary Production (GPP) over the Past Two Decades Due to Land Use Conversion in a Tourism City

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