Tourism productivity and economic growth

Liu, Anyu; Wu, Doris Chenguang

doi:10.1016/j.annals.2019.04.005

Cited by 116 publications

(102 citation statements)

References 67 publications

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“…Therefore, we consider the monitoring of performance to be important also in the field of tourism and hospitality industry (Assaf a Josiassen 2012). Given that the tourism is an important part of countries' economies (Liu andWu 2019, Cardenas-Garcia et al 2015), this claim has a significant basis. The findings of several studies revealed that the development of tourism supports the economy and the financial performance in business (Chen 2007, Fayissa et al 2008.…”

Section: Literature Reviewmentioning

confidence: 99%

Differences in financial performance between various categories of hotels in the Visegrad Group countries

Bačík¹,

Fedorko²,

Gavurová³

et al. 2020

Journal of International Studies

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Under market economy, financial health of businesses is one of the main determinants in achieving business objectives and building a competitive advantage. The objective of the study is to evaluate differences in the selected financial indicators across the categories of hotels in the Visegrad Group countries. This objective was achieved by testing these differences in the selected financial indicators (CF, EVA, ROE, ROCE, ROA, ROS and many others) for various hotel categories (two-to five-star hotels). Hotel category data (stars) were collected from Booking.com, financial outcomes were obtained directly from the financial statements of the analysed hotels. Testing of differences was carried out by non-parametric tests (Kruskal-Wallis test, Wilcoxon test). Statistically

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Section: Literature Reviewmentioning

confidence: 99%

Differences in financial performance between various categories of hotels in the Visegrad Group countries

Bačík¹,

Fedorko²,

Gavurová³

et al. 2020

Journal of International Studies

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“…For the productivity and economic growth, Liu & Wu (2019) examined the transmission mechanism between tourism productivity and economic growth using Spain as an empirical setting. The study employed Bayesian dynamic stochastic general equilibrium model for the first time in the tourism literature by relaxing and integrating the assumption of diminishing return of capital into a new growth theory.…”

Section: Review Of Related Literaturementioning

confidence: 99%

The Impact of Productivity, Employment, Sales Volume With and Without Completely Knocked Down in Automotive Industry on Economic Growth in Nigeria: 1987-2019

2020

JESD

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This study investigated the impact of Productivity, Employment Creation, Sales Volume and CKD in Automotive Industry in Nigeria using time series data for 1987 to 2019. Unit root test was conducted, the result showed mixed order of integration i.e I(0) and I(1) which informs the use of Autoregressive Distributed Lag Model (ARDL) technique of analysis. The findings and conclusion from the study revealed that employment, productivity, sales volume and completely knocked down in automotive industry are all positive and significant. These immensely contribute to the economic growth in Nigeria. This attests to the fact that Government needs to allow only the importation of CKD and ban SKD to increase productivity thereby generating increase in employment. This invariably increases standard of living and boosting sales volume with reduction in average unit cost. The multiplier effects will also boost productivities of allied industries' products and services such as iron and steel, rubber, plastics, electrical equipment, road construction, transportation, urban and rural development. So, government needs to be serious to establish Vehicle Finance Scheme where no one needs to put down 100% cash to own a vehicle. Government should therefore encourage importation of Completely Knocked Down rather than Semi Knocked Down.

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“…Tourism development is positively related to economic growth [1]. Several studies have examined how productivity affects the economy at large.…”

Section: Literature Reviewmentioning

confidence: 99%

“…In conducting a tour of interest in increasing tourism productivity, the research agenda of the United Nations World Tourism Organization (UNWTO) has given special attention to tourism productivity [1]. Overall, tourism activity wants to increase productivity to produce higher output; the government's goal is trying to increase the production of the tourism market to drive economic growth.…”

Section: Introductionmentioning

confidence: 99%

“…The development of integrated tourism objects positively impacts the economy around the Integrated Tourism Area [1] This is supported by improved infrastructure and control by the local government to make that integrated tourism objects are well managed. This condition utilized by business actors working as their primary occupation, more than 50% responsive, making it their main job (survey data).…”

Section: Introductionmentioning

confidence: 99%

See 1 more Smart Citation

Causality of Tourist Utility and Tourism Expense in The Tourism Object of Padang City: (Simultaneous Equation Model Approach)

Aimon¹,

Putri²,

Putra³

2020

Proceedings of Tourism Development Centre International Conference

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This paper aims to explain the effect of economic activity, the role of government and visitor utilities on tourism costs in the city of Padang. In other hand, it also explains the influence of tourism products, tourism integration and tourism costs on utility visitors in the city of Padang. Data is obtained based on observations to visitors and tourism actors with the same number of samples, using the accidental sampling method. The analysis model uses simultaneous equations. The research findings show that tourism costs and visitor utility have a significant reciprocal relationship. Economies activities and utilities of visitor have a significant effect on tourist costs, as well as tourist attraction and tourism costs have a significant effect on visitor utility. This research recommends the Padang City Tourism Office to increase the government's role in relation to the quality of tourism products through training and tourism assistance activities in Padang City.

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Tourism productivity and economic growth

Cited by 116 publications

References 67 publications

Differences in financial performance between various categories of hotels in the Visegrad Group countries

Differences in financial performance between various categories of hotels in the Visegrad Group countries

The Impact of Productivity, Employment, Sales Volume With and Without Completely Knocked Down in Automotive Industry on Economic Growth in Nigeria: 1987-2019

Causality of Tourist Utility and Tourism Expense in The Tourism Object of Padang City: (Simultaneous Equation Model Approach)

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