Unemployment and Growth in the Tourism Sector in Mexico: Revisiting the Growth-Rate Version of Okun’s Law

López, Fernando Sánchez

doi:10.3390/economies7030083

Cited by 15 publications

(7 citation statements)

References 24 publications

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“…Mihajlovic uses the example of South East Europe, where Okun's coefficient has an asymmetric effect in five out of eight countries, suggesting that the unemployment effect is more pronounced in economic downturns than in upturns ( 39 ). This is supported by the data for Turkey and Mexico ( 40 , 41 ).…”

Section: Literature Review and Research Hypothesissupporting

confidence: 78%

Can the asymmetry of Okun's law be interpreted from a social perspective? Evidence from the World Bank

Kaifeng

Jingbin

et al. 2022

Front. Public Health

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Okun's law is generally interpreted in economic terms. This paper is interpreted from a social perspective through regression and mediating effect models. Okun's law is demonstrated based on data from the World Development Indicators (WDI) dataset. There is indeed a relationship between unemployment and economic growth, with unemployment negatively affecting economic growth after controlling for the two-way causality problem. This result remains robust after replacing the core explanatory variables. This paper interprets the asymmetry of Okun's law from a social perspective, using alcohol consumption as a mediating variable to measure the harm caused by unemployment to the unemployed. Analysis of the data reveals that alcohol consumption mediates between unemployment and economic growth. Unemployment increases alcohol consumption, which causes incurable harm to the unemployed. It reduces the willingness and probability of the unemployed to re-employ and further reduces the potential for economic growth. This is why the economic expansion did not lead to employment growth, revealing the asymmetry of Okun's law. The gender-specific heterogeneity analysis found that the impact of unemployment on economic growth did not vary much by gender.

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Section: Literature Review and Research Hypothesissupporting

confidence: 78%

Can the asymmetry of Okun's law be interpreted from a social perspective? Evidence from the World Bank

Kaifeng

Jingbin

et al. 2022

Front. Public Health

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“…Tourism development aims to increase people's income, improving community welfare and economic progress. Tourism is considered a strategic asset to support development in places with tourism potential (Anyu Liu & Wu, 2019;Sánchez López, 2019;Šergo et al, 2009).…”

Section: Article Infomentioning

confidence: 99%

Developing a Comprehensive Public Policy Strategy for The Tourism Sector: Welcome to The Post-Covid-19 Pandemic

Kartiko

2022

EJAVEC

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This study analyzes the impact of the COVID-19 pandemic on the tourism sector. Policy research is chosen to formulate appropriate policies for the government. Quantitative and qualitative descriptive methods carried out the analysis. Descriptive analysis is used by looking at various existing policies and the impact of these policies on the tourism sector. At the same time, the quantitative method is used to see the determinant factors that affect the tourism sector. Qualitative methods allow researchers to explore several possibilities broadly in analyzing the subject matter. The data used is sourced from the Central Statistics Agency and the Ministry of Finance of the Republic of Indonesia. The researcher concludes that there should be adjustments to existing policies to support the acceleration of recovery in the tourism sector. The government can consider the determinants that affect the number of tourists to support the policies that will be formulated.

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“…Secondly, the economic benefits should not be estimated without looking at the social and environmental effects that tourism generates [39]. For instance, local tourism development creates jobs for the community [40], with positive economic and social consequences alike [9]. Diverse studies have approached the subject of the effects of local tourism development in social terms [41].…”

Section: Impacts Of Tourism Developmentmentioning

confidence: 99%

Exploring Residents’ Perceptions towards Tourism Development—A Case Study of the Adjara Mountain Area

et al. 2022

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Tourism development involves both positive and negative impacts on economic, social and natural environments, which represent essential pillars for sustainable development. It is in this context that the present research was conducted in the Adjara Mountain area of Georgia aiming to identify residents’ perception towards tourism development. An online survey was conducted among 620 residents. The data collected were analyzed by descriptive statistics and principal component analysis. As such, the results of the principal component analysis led to a two-factor solution: “positive effects” and “negative effects”. Older and more educated respondents perceived the impacts of tourism development more positively compared to the younger group and to the less educated one. A statistically significant difference was found between females and males regarding their perception of the positive impacts of tourism development. The study represents a first step in investigating the residents’ perception towards tourism development in the Adjara Mountain region, and the results could constitute a starting point for future tourism strategies in the area.

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Unemployment and Growth in the Tourism Sector in Mexico: Revisiting the Growth-Rate Version of Okun’s Law

Cited by 15 publications

References 24 publications

Can the asymmetry of Okun's law be interpreted from a social perspective? Evidence from the World Bank

Can the asymmetry of Okun's law be interpreted from a social perspective? Evidence from the World Bank

Developing a Comprehensive Public Policy Strategy for The Tourism Sector: Welcome to The Post-Covid-19 Pandemic

Exploring Residents’ Perceptions towards Tourism Development—A Case Study of the Adjara Mountain Area

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