Revisiting the tourism-inequality nexus: evidence from a panel of developed and developing economies

Chi, Junwook

doi:10.1080/13683500.2020.1743243

Cited by 42 publications

(47 citation statements)

References 33 publications

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“…The results suggest the developing countries could reap greater income equality dividends in the long-run if efforts are redoubled. This evidence is reechoed by Chi (2021) who find that tourism receipts reduce the income inequality gap in developing countries, it does not matter in the case of the developed world. Their recommendation on the need for effective systems and stricture to propel the tourism sector foster shared income distribution is seen in Kunawotor et al (2020) who employed a panel of 44 African countries to examine whether governance quality equalises incomes.…”

Section: Empirical Survey On Tourism Development Governance and Incom...mentioning

confidence: 94%

Towards the quest to reduce income inequality in Africa: is there a synergy between tourism development and governance?

Ofori

Dossou

Akadırı³

2022

Current Issues in Tourism

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Despite the growing attention on the tourism development-income inequality nexus, a conspicuous gap in the literature is that rigorous empirical works examining how good governance moderates the relationship is hard to find. Anchoring on the trickle-down theory and the tourism-led growth hypothesis, this study fills this void in the literature based on data for 48 African countries for the period 1996 -2020. We provide strong evidence robust to several specifications from the GMM estimator to show that, though unconditionally both tourism development and governance reduce income inequality in Africa, the effect of the former is amplified in the presence of quality economic, political and institutional governance.Particularly, we find that control of corruption and political are keys for propelling Africa's tourism sector contribute to policymakers' quest of fostering shared prosperity in the continent.Policy recommendations are provided in line with SDG 10 and Aspiration 1 and 3 of Africa's Agenda 2063.

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Section: Empirical Survey On Tourism Development Governance and Incom...mentioning

confidence: 94%

Towards the quest to reduce income inequality in Africa: is there a synergy between tourism development and governance?

Ofori

Dossou

Akadırı³

2022

Current Issues in Tourism

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“…Tourism industries are an important source of income for many developed and developing countries. Thus, most governments actively support the tourism industry (Chi, 2020;Khoshnevis Yazdi, 2019;Mitra, 2019). In 2010, international tourism receipts in Figure 1.…”

Section: Overview Of Tourism Time Series In Montenegro and Sloveniamentioning

confidence: 99%

Tourism-led economic growth in Montenegro and Slovenia

Gričar

Bojnec

Karadžić

et al. 2021

Economic Research-Ekonomska Istraživanja

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This article expounds one of the first attempts to explore the relationship between tourist arrivals and gross domestic product (GDP) in Montenegro and Slovenia. Both countries are newcomers on the tourist destinations map, derived from what was previously Yugoslav republics existing as a singular emerging tourist destination. Data vector for empirical analysis covers quarterly change of GDP at constant prices and monthly data for tourist arrivals during January 2010 -December 2019 as an endogenous variable. The cointegration is used in the modelling structure. The empirical results confirm research hypothesis of uni-causal relationship of economic growth-led domestic tourism growth in Montenegro and one cointegrated vector. No cointegration vector was confirmed for Slovenia. These results are important for research, policymakers and tourism practice. Considering that, tourism and economic growth have a different distribution of causalities during the expansion period with a boost of tourist arrivals and vice versa during the economic downturn.

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“…Often, tourism has a positive impact on household income and government revenues through multiplier effects through employment generation, increase in foreign exchange earnings and balance of payments, and improvement in tourism supply sectors (e.g., accommodations, food and beverage, recreation and entertainment, transportation, and travel services). The tourism‐led economic growth hypothesis, in particular, believes that tourism: (a) increases the earnings of foreign exchange currencies that can be used to finance imports, (b) encourages investment and leads to greater efficiency in local enterprises due to increased competition, (c) reduces unemployment because tourism is heavily human capital‐based, and (d) leads to positive economies of scale, lowering production costs for local businesses (Chi, 2021; Incera & Fernández, 2015; Li et al, 2018; Sokhanvar et al, 2018). One should note that tourism not only serves as a source of job creation, foreign exchange earnings, and financial resources, but it may also have a positive impact on entrepreneurship development.…”

Section: Literature Reviewmentioning

confidence: 99%

The impact of tourism on entrepreneurship in developing countries

Subramaniam

Masron

2021

Bus Strat Dev

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As an important factor of production, economist traditionally considers entrepreneurship as a key factor for encouraging economic growth, especially in developing countries. With tourism is one of the fastest growing economic sectors and closely linked to development of most developing countries, this study aims to examine the effect of tourism on entrepreneurship by using panel data of 56 developing countries for the period between 2010 and 2017. Using a panel data technique, namely the generalized method of moments (GMM) estimator, the results suggest that tourism play an important role in improving the level of entrepreneurship in developing countries, which are robust across different specification. Therefore, governments should aim to further develop the tourism industry to support a more sustainable entrepreneurship development in developing countries.

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Revisiting the tourism-inequality nexus: evidence from a panel of developed and developing economies

Cited by 42 publications

References 33 publications

Towards the quest to reduce income inequality in Africa: is there a synergy between tourism development and governance?

Towards the quest to reduce income inequality in Africa: is there a synergy between tourism development and governance?

Tourism-led economic growth in Montenegro and Slovenia

The impact of tourism on entrepreneurship in developing countries

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