The Threshold Effects of the Tourism-Led Growth Hypothesis: Evidence from a Cross-sectional Model
| Autor: | Lung-Tai Yeh, Yi-Bin Chiu |
|---|---|
| Rok vydání: | 2016 |
| Předmět: |
05 social sciences
Geography Planning and Development Transportation Regression analysis Economy Development experience Order (exchange) Tourism Leisure and Hospitality Management 0502 economics and business Specialization (logic) Econometrics Economics 050211 marketing Nexus (standard) 050212 sport leisure & tourism Tourism |
| Zdroj: | Journal of Travel Research. 56:625-637 |
| ISSN: | 1552-6763 0047-2875 |
| DOI: | 10.1177/0047287516650938 |
| Popis: | This study applies a threshold regression model and considers three tourism specialization indices as the threshold variables in order to explore the nonlinear relation among tourism growth, economic growth, and other macroeconomic variables for a cross-sectional data set of 84 countries. Our empirical results show strong evidence of a nonlinear relation between tourism growth and economic growth, suggesting that it is not continuous and constant. The results do not support the view that one size fits all, and therefore countries with different conditions of tourism development experience various impacts on the tourism–growth nexus. |
| Databáze: | OpenAIRE |
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