Panel Seasonal Unit Root Tests: An Application to Tourism

Salish, Nazarii; Rodrigues, Paulo M. M.

doi:10.1007/978-3-7908-2725-5_12

Cited by 7 publications

(4 citation statements)

References 20 publications

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“…Tourism is one of the fastest growing sectors (Vanhove, 2005;Salish & Rodrigues, 2011;Schubert & Brida, 2011), an unprecedented feature since World War II (Apostolopoulos, 1996). Between 1950 and 2010, international tourist arrivals grew at an annual average of 6.2%, from 25 million to 940 million travelers (UNWTO, 2011).…”

Section: Introductionmentioning

confidence: 99%

Impacts of seasonal patterns of climate on recurrent fluctuations in tourism demand: Evidence from Aruba

et al. 2014

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This study estimates the effect of seasonal patterns of pull/push weather elements (rainfall, temperature, wind, and cloud coverage) on recurrent fluctuations in tourism demand for Aruba, originating from the USA and Venezuela. The estimation is based on an econometric methodology consisting of decomposing time series of weather elements and tourism demand, using a Census X-12 decomposition procedure, and subsequently applying a unit root test, anEngle & Granger cointegration test, a Granger causality test, and a Euclidean distance measure.The results show no influence of weather (pull and push) on the seasonal patterns of tourism demand from Venezuela. On the other hand, the study showed a clear causal relationship between (pull and push) seasonal weather variability and tourism demand from the USA.

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Section: Introductionmentioning

confidence: 99%

Impacts of seasonal patterns of climate on recurrent fluctuations in tourism demand: Evidence from Aruba

et al. 2014

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“…Table 3 presents the statistical and correlation matrices for selected variables. Before presenting the descriptive statistics and correlation results, we assessed the presence of seasonality in the variables using the method outlined by [71,72]. Our findings suggest that seasonality is not a significant concern, potentially due to the log transformation applied to all variables.…”

Section: Descriptive Statistics and Correlation Matrixmentioning

confidence: 99%

A COP28 Perspective: Does Chinese Investment and Fintech Help to Achieve the SDGs of African Economies?

Zhang,

Nankpan,

Zhou

et al. 2024

Sustainability

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Scientific consensus affirms human activity, particularly carbon emissions from market participants, drives global warming. Foreign investment, crucial for sustainability in developing nations, now faces scrutiny regarding its impact on environmental quality in emerging economies. This study examines the influence of Chinese Outward Foreign Direct Investment (OFDI) and fintech on environmental conditions in the top five Chinese-invested African economies, alongside factors such as energy consumption, economic performance, and unemployment affecting CO2 pollution. Quarterly data from 2006–2021 confirm cointegration among variables via panel unit root and cointegration tests. Panel ARDL method estimates coefficients for short and long-run effects. Our findings reveal: (1) A 1% increase in Chinese investment leads to a 0.56% decrease in CO2 emissions, supporting its positive environmental impact. (2) Fintech adoption also demonstrates a beneficial effect, with a 1% increase associated with a 0.18% reduction in CO2 levels. (3) Total energy consumption, as expected, has a detrimental impact, causing a 0.92% increase in CO2 emissions with a 1% rise. (4) Interestingly, economic growth fosters environmental sustainability, while unemployment correlates negatively with it. These findings suggest that targeted Chinese investments and fintech adoption can aid in mitigating CO2 pollution in African economies while balancing economic considerations.

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“…Tourism activities are present as one of the largest and fastest growing industries in the world, playing an important role in the economic growth of many countries, benefiting other economic sectors through direct and indirect multiplier effects (Salish and Rodrigues, 2011). Tourism is also recognized as an Profiling Local Business Enterprises and Direct Effect of Tourism in Villages of Muntei, Madobag and Matotonan, South Siberut, Mentawai, Indonesia instrument for local economic development and regeneration of rural areas, due to its ability to increase profits and generate economic benefits for regions and local communities (Craggs and Schofield, 2009), to promote development, poverty alleviation, job creation and environmental preservation.…”

Section: B Literature Review Tourismmentioning

confidence: 99%

Profiling Local Business Enterprises and Direct Effect of Tourism in Villages of Muntei, Madobag and Matotonan, South Siberut, Mentawai, Indonesia

Rahmanita

Asmaniati

Dewi

2020

TRJ

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Mentawai is well known as an ecotourism area in Indonesia, with its Siberut National Park recognized as part of the World Network of Biosphere Reserves. People come to visit this exotic area every year to do activities and enjoying the natural surroundings. Tourist visits to Mentawai were escalating by years, both domestic and foreign tourists. Regional income from tourism was also increasing. Ecotourism is known worldwide for its benefit for economic contribution to local communities and poverty alleviation. The economic contribution of ecotourism is often appreciated through its direct effect on local business enterprises on sites. However, statistics today showed that Mentawai are still categorized as underdeveloped and poor. Therefore, this descriptive research objective was to assess tourism contribution by means of direct effect to local business enterprises and challenges faced by villages near Siberut National Park, South Siberut, Mentawai. A survey was conducted in November 2018 by distributing questionnaires to 19 representatives of tourism-related Local Business Enterprises (LBEs) using an accidental sampling technique. Data collected were then processed, analyzed and interpreted. In conclusion, this study shows that there is a low direct effect of tourism to the existing Local Business Enterprise in the villages of Muntei, Madobag, and Matotonan of South Siberut, Mentawai Island Regency, West Sumatera, Indonesia. In addition, essential challenges exist, not to mention managerial, predominantly concerning financial and legal matters. It is recommended that local government and other stakeholders put more consideration not only on environmental and social aspects, but also economy, represented by local business enterprises. Initiatives and integrated actions should be arranged and put in practice as empowering tourism, particularly ecotourism to its optimum, to bring about foremost contribution to local economy through direct effect of tourism to local business enterprises. Keywords: Tourism contribution, Direct effect of tourism, Local Business Enterprise, Ecotourism, Mentawai

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Panel Seasonal Unit Root Tests: An Application to Tourism

Cited by 7 publications

References 20 publications

Impacts of seasonal patterns of climate on recurrent fluctuations in tourism demand: Evidence from Aruba

Impacts of seasonal patterns of climate on recurrent fluctuations in tourism demand: Evidence from Aruba

A COP28 Perspective: Does Chinese Investment and Fintech Help to Achieve the SDGs of African Economies?

Profiling Local Business Enterprises and Direct Effect of Tourism in Villages of Muntei, Madobag and Matotonan, South Siberut, Mentawai, Indonesia

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