Economic Impact Of Tourism Research Articles

Exploring the research impact of Professor Efthymios (Mike) Tsionas

This paper provides a literature review of Professor Efthymios (Mike) Tsionas’ influential contributions to the fields of econometrics and tourism economics. Tsionas’ research spans a broad spectrum of methodological advancements and empirical analyses, focusing particularly on Bayesian inference, stochastic frontier models, and efficiency and productivity estimation. In econometrics, Tsionas’ work has significantly advanced the understanding and application of Bayesian methods for modeling complex relationships and uncertainties in economic data. His research has contributed to the development of innovative techniques for efficiency and productivity estimation, offering valuable insights into the determinants and dynamics of firm performance across various industries. Tsionas’ contributions to tourism economics have shed light on the dynamics of the tourism industry, including topics such as destination management, hospitality operations, and the economic impact of tourism. Overall, Tsionas’ methodological advancements and empirical analyses continue to shape research agendas and drive innovations in econometrics and tourism economics.

Economic Impact of Tourism in Developing Countries

Tourism stands as a beacon of vast economic growth potential, offering immense opportunities for emerging and developing nations to bolster their economies. Despite the attraction of exotic locales and cultural richness, there exist regions within developing countries, notably in India, which remain quite underexplored and significantly underutilized in the tourism sector. This research aims to shed light on the economic ramifications of this untouched potential by delving into states in India that have yet to capitalize on their tourism assets. This research aims to propose action-oriented strategies and policy recommendations aimed at harnessing the latent tourism potential of these often-neglected states. By understanding the complex interplay between economic development, cultural heritage, infrastructure, and marketing strategies, policymakers and stakeholders can pave the way for sustainable tourism growth, which, in turn, fosters socioeconomic upliftment and inclusive prosperity in these regions. Ultimately, this study aspires to contribute to the discourse on tourism development in developing countries, offering valuable insights into the economic impact of tourism and charting a course towards unlocking the latent potential of marginalized regions in India and beyond. KEYWORDS Tourism development, Economic Growth, Developing countries, Tourism potential, Cultural heritage, Sustainable tourism, Policy recommendations, Socioeconomic upliftment.

Economic Impact of Tourism in Mongolia

Economic Impact of Tourism in Mongolia

Co-Ownership of Communal Intellectual Property in Perspective Support to Regional Tourism

Purpose: The aim of this research is to determine the extent to which cross-conceptions in intellectual property rights can be resolved, and ultimately can be used to support efforts to record the legality of rights both individually and communally. The next goal is to encourage communal intellectual property to become a regional tourism commodity. Theoritical Reference: Theoretically, Intellectual Property Rights have an individual and personal nature, while communal intellectual property actually has a communal nature. So, placing communal intellectual property rules into intellectual property rights law brings about theoretical confusion. Method: The research method used uses a doctrinal approach by collecting data through literature study and then presenting it. Data were analyzed descriptively. Result and conclusion: This study found: the fact that IPR legislation in Indonesia places communally owned objects into IPR legislation, such as the inclusion of Geographical Indications containing Communal Intellectual Property in the Trademark and Geographical Indications Law, which is actually a statutory regulation. IPR invitation (personal). Likewise, the further impact is the weak potential for utilizing economic rights in the form of loss of potential tourism commodities, especially regional tourism. It is concluded that there is equalization of intellectual property legal institutions, namely the incorporation of communal intellectual property objects into intellectual property legislation. Even though this equality does not constitute equal distribution of legal principles, the resulting legal consequences weaken the economic influence of a commodity. Optimizing the economic potential of communal intellectual property, especially to support regional tourism development, will be disrupted. Research Implication: This research has implications for harmonization of the principles of intellectual property law so that they can be applied in the development of economic rights, especially in the tourism sector. Originality/value: This research is something new because it not only looks at conflicting conceptions in the regulation of intellectual property rights, but synergizes with legal benefit factors, namely the economic impact of tourism that can be achieved if.

ECONOMIC CONTRIBUTION OF TOURISM IN GILGIT-BALTISTAN, PAKISTAN

This study aims to assess the economic impact of tourism in Gilgit-Baltistan, Pakistan, focusing on its contribution to key economic indicators. The study uses a comprehensive research methodology and data collection techniques to examine tourism’s direct and indirect effects on the local economy. The research encompasses various tourism-related sectors, including accommodation, transportation, food and beverage, and attractions. The study employs the Tourism Satellite Account (TSA) framework and Granger Causality to find the data and causal relationship among the variables, which allows for a systematic analysis of tourism's economic impact. It investigates indicators such as gross domestic product (GDP), tourist arrivals and spending. Primary data is collected through baseline surveys, while secondary data is obtained from government reports, statistical databases, and industry and research publications. Preliminary findings reveal that tourism significantly affects the region's economy. It contributes to GDP growth by stimulating tourism, generating employment opportunities, and attracting investments. Additionally, tourism-related activities contribute to tax revenue, enhancing public infrastructure and services. Overall, this study provides valuable insights into the economic impact of tourism, offering a comprehensive analysis of its contribution to the Gilgit-Baltistan economy. The findings can guide policymakers, destination management organisations, and tourism stakeholders in formulating strategies to maximise the economic benefits of tourism while addressing associated challenges.

DAMPAK PENGELUARAN WISATAWAN DOMESTIK TERHADAP PEREKONOMIAN JAWA BARAT

Tourism is a sector that is not defined as a distinct sector in the economic statistics of West Java Province, which results in the contribution of tourism not being clearly visible. As a result, the tourism sector is severely disadvantaged by the lack of data showing its full economic impact. Therefore, this study tries to see the impact of tourism on the West Java economy based on domestic tourist expenditure in 2021. Quantitative approach and input output model analysis are used to see the economic impact of tourism by estimating the multiplier effect of domestic tourist spending on output, income, gross value added, and employment. The results of this study indicate that tourism has had a major impact and is one of the important industries in the West Java economy, which contributed 9.28% to GRDP and 12.39% of the total working population in West Java in 2021. Keywords: nput-Output model; economy impact; tourism industry; multiplier; domestic tourist expenditure.

The Economic Impact of Tourism at Regional Level: A Systematic Literature Review

The Economic Impact of Tourism at Regional Level: A Systematic Literature Review

Local Revitalization: Support from Local Residents

When featured destinations are used to revitalize cities, organizers must learn about the support of local residents. Therefore, the study used the Taiping Suspension Bridge in Meishan Township, Chiayi County, Taiwan as an example to explore the positive and negative impacts of tourism (i.e., its positive impact on the economy and negative impact on the environment) on resident support for the featured destination. The study used a structured questionnaire to collect local residents’ perceptions toward the aforementioned impacts and support attitude toward tourism. A total of 600 questionnaires were distributed to the local residents with a valid return rate of 88.2%. The relationships among aforementioned variables were tested using structural equation modeling. The results revealed that the negative sociocultural and environmental impact of tourism negatively affected resident support for featured destinations. However, the positive economic impact of tourism weakened the perceived negative sociocultural and environmental impact of tourism and enhanced resident support for featured destinations. Therefore, in developing featured destinations, the positive economic impact of tourism is a crucial influencing factor in obtaining resident support. These results may serve as a reference to agencies intending to increase local revitalization through tourism development.

Toward an accurate assessment of tourism economic impact: A systematic literature review

Tourism is acknowledged as a contributor to destination economies in many countries. However, COVID-19 has devastated the tourism industry in numerous national economies. Although the economic impact of tourism on destinations has been examined in a large body of tourism literature, most studies have utilized the tourism-led economic growth hypothesis and traditional methods and data rather than cutting-edge economic methods. This study conducts a systematic literature review on tourism economic impact between 1975 and 2020, analyzing the general bibliometrics and examining the key themes and methods of assessing tourism economic impact. It contributes to an accurate assessment of tourism economic impact, works to identify gaps in the literature, highlights emerging trends in the field, and proposes directions for future research.

Resident Perceptions of Environment and Economic Impacts of Tourism in Fiji

Knowledge of the negative impacts of tourism is an essential prerequisite for sustainability. This study explores the resident perceptions of an educated population on the environment and economic impacts of tourism in Fiji. Using a sample of 298 respondents based on the triple bottom line framework, we construct a model for sustainable tourism planning for Fiji. The structural equation modelling (SEM) approach indicates that awareness of the adverse effects of tourism is vital for the sustainable expansion of the sector and economic development. The current level and type of awareness are nonspecific. The study implies adaptation of sustainability into the education curriculum, enacting uncompromising sustainable acts and policies and forming an independent sustainability national council to vet all tourism developments.

Investigating the Village-based Tourism Economic Impact

Many studies have been documented that tourism economic impact is a determinant of community support toward tourism development. However, there is a lack of study investigating tourism economic impact on village-based tourism. This study investigates the relative important index of the item offered by previous literature. Besides, this study also examines different means from different respondents: gender, education, and age. Forty-seven respondents have participated in this study. The validity and reliability test is run before the items are ranked using the relative important index (RII). Mann-Whitney U test has applied any difference of means value between woman and man. Moreover, the Kruskal-Wallis test is employed to determine any difference of means value among different levels of respondent education. The result shows that all items are valid and reliable. This study concludes that the first rank is variable 1 (village-based tourism increased job opportunities for village communities) with a relative important index of 0.898. Besides, six items have no mean value difference between man and woman, except for variable 5 (village-based tourism given economic benefit to village people). Its asym significance of Mann-Whitney U asym significance is lesser than 0.05. Further, respondent education and age category also have no difference in mean value using the Kruskal Wallis test. This study implies that the tourism economics impact for village-based tourism can be used for further studies. 

The integration of sustainable tourism policies in European cities

"European cities have experienced an intense growth in tourism and other related mobilities. This pressure on urban centers has increased the public’s perception of the need to design more sustainable tourism policies that deal with the various associated dilemmas. This article compares the tourism policies of eleven European cities considering what governments have introduced, or avoided, in their tourism policy documents. The objective is to observe the extent to which these actions directly related to sustainability are being incorporated. The results indicate that local tourism policies are moving away from a model of public action based only on considering the economic impact of tourism and are starting to work with a wider range of associated impacts. In this scenario, the ideas of balance and sustainability find a much clearer accommodation. This research presents a pre‑crisis tourism framework that can be challenged during post‑Covid19 transitions."

The impact of tourism on the national economy and methods of its assessment: literature review

In the last decade, there has been a rapid growth of scientific research devoted to assessing the impact of tourism on the national economy. At the same time, existing studies of the relationship between tourism and the growth of the national economy, its potential benefits and negative externalities, are characterized by the vastness and heterogeneity of content, and often a distorted and incomplete understanding of the economic consequences of tourism. Various methods and models are used to assess the economic impact of tourism, so empirical studies vary significantly in quality and accuracy. The variety of approaches and methods causes significant discrepancies in conclusions regarding the contribution of tourism to the economy. The methods of assessing the contribution of tourism to economic growth are not without a number of drawbacks that reduce the effectiveness of their application for development management purposes. In order to highlight the basis of the research tradition in this field of knowledge, we applied the method of systematic review of the literature to analyze and generalize methodological approaches to assessing the economic impact of tourism. The article analyzed such concepts as economic contribution, economic impact, economic effect of tourism. Spatial aspects and factors influencing the economic effect of tourism are investigated. The main hypotheses and the area of existence of parameters for assessing the impact of tourism on the national economy are determined. The authors analyzed the possibilities and disadvantages of economic models used to assess the indirect and induced economic effects of tourism in modern research. The conclusions and recommendations of the authors can be used in the process of developing programs and projects for the development of tourism and the hospitality industry, improving models for assessing the impact of tourism on economic growth.

Pattern of local participation in tourism supply business within Kisumu County and its implication on tourism economic impact on poverty

The purpose of the study was to establish pattern of local participation in tourism supply business and its implication on local poverty reduction. The specific objective of the study included finding out the key local commodities that are important driver of tourism backward linkage with local economy of Kisumu County, establish differences in the average score profile among local suppliers and find out the main dimension along which they are separated. The study adopted across sectional and correlation design in which stratified random sampling of 106 tourism enterprises from a target population of 266 enterprises was obtained. Self – administered questionnaires were distributed to managers and collected by researcher. The first, second and third objectives were analysed using descriptive statistics, MANOVA and descriptive discriminant analysis respectively. It was found out that while poultry products, fish and vegetables were main commodities in the trade between local suppliers and tourist industry, fish, beef, and detergent were the most consumed commodities. Secondly, suppliers were different in their mean score profile by the value and quality of their supply, promptness in their delivery of supplies and in the longevity in commercial relationship with the tourist industry. Lastly, the suppliers were separated significantly along two main dimensions: The first dimension was interpreted to be efficiency and effectiveness, being represented by high value of weekly supply and high rating on promptness in making deliveries. The second dimension was experience, which was indicated by suppliers` education level and their longevity in the commercial relation with the tourist industry. The key contribution of the study is the creation of understanding of the main commodities driving tourism backward linkage with local economy and the factors which confer competitive advantage among local traders of Kisumu County in tourist industry.

Aligning tourism's socio-economic impact with the United Nations' sustainable development goals

Socio-economic sustainability for tourism workers does not play a prominent role in contemporary tourism economic impact studies. Rather, to promote economic growth paradigms, the focus lies on aggregated employment and income effects. To better understand tourism's contribution to decent work and reduced inequalities (Sustainable Development Goals 8 and 10, respectively), our study assesses tourism's socio-economic impact by focussing on meso-level perspectives from major tourism institutions that are complemented with macro-level results gained through an occupation-based Input-Output model. Although income inequalities across tourism occupations remain relatively low, income inequalities over a period of nine years have increased. Tourism employees continue to work in precarious occupations due to limited training and career opportunities. Employers demand skilled vocational professions and provide non-monetary benefits; however, respective salaries remain average. Altogether, tourism contributes to Sustainable Development Goals 8 and 10 only moderately, and regional tourism institutions need to continue their development strategies for greater sustainability.

The socio-economic impact of regional tourism: an occupation-based modelling perspective from Sweden

Traditional measurements of tourism’s economic impact refer to primary and secondary effects that are typically quantified through input–output (IO) methodology. From a sustainable regional development perspective, however, economic impact analyses are criticised for their one-dimensional analysis focussing mainly on growth-oriented effects represented by aggregates for output, employment, income or tax. Although existing literature comprises various extensions of IO models, the focus of these models is restricted to indicators at a high aggregate level. Thus, distributional or other socio-economically important aspects related to the tourism workforce are seldom discussed. In our approach to study tourism’s impacts over a nine-year period, we consider macro-and meso-level perspectives and disaggregate tourism’s impact on regional employment and income for particular occupational areas in the Swedish region of Jämtland. Results indicate weakening employment effects; relatively low but increasing income-inequalities; and increasing shares of elementary positions with precarious working conditions despite para-industrial initiatives from tourism institutions to develop the industry. By enhancing traditional tourism economic impact methodology, we hope that our approach is supportive in putting the tourism workforce at the heart of the regional development and tourism sustainability discourse.

Dampak Positif Ekonomi sebagai Hasil Tata Kelola Destinasi yang Berkelanjutan di Desa Kutuh Kawasan Pantai Pandawa – Bali

The purpose of this research paper to identify the impact of sustainable tourism management towards the economic conditions of a community. In 2018, Pandawa Beach has won first rank for Indonesia Sustainable Tourism Awards (ISTA) in the field of economic utilization to local communities hence the author decided to use Pandawa Beach for the research. The qualitative data were collected from interviews and the quantitative data were collected from questionnaires. The method for analyzing the data is using descriptive analysis. The research result shows that sustainable tourism gives positive impacts towards the economic conditions on Kutuh Village. 72 people out of 90 are satisfied with the current economic welfare of the local community. The data is also valid because the AVE and CR results are all above 0.7 which means the results are acceptable.
 Keywords: sustainable tourism management, economic impact of tourism, Pandawa Beach Bali

The economic impact of tourism in a small region: a general equilibrium analysis applied to Ushuaia

The economic impact of tourism in a small region: a general equilibrium analysis applied to Ushuaia

The economic impact of tourism in a small region: a general equilibrium analysis applied to Ushuaia

The impact of tourism on local Argentine economies is quite significant. An increase in tourism can improve the well-being of the inhabitants and enhance the region's economic performance. However,...

Identifying Opportunities for Tourism Cluster Development in Rural Communities

This work aims to identify economic opportunities for future tourism cluster development in tourism-dependent regions using the case of Taos County, New Mexico. The work analyzes the composition of local tourism economic activities of Taos County by quantifying how concentrated the tourism sector is in the county compared to the United States and the State of New Mexico from 2011 to 2019. The author analyzed data from the New Mexico Department of Tourism’s state and county tourism economic impact reports, the U.S. Bureau of Economic Analysis, and the U.S. Census Bureau using location quotients analysis. Results show that Taos has no high-performing, rising, high-potential tourism-related industry, despite the tourism sector providing a steady economic base for the community. The traveler accommodation industry, which is more concentrated in Taos than the state and the nation, is trending downwards. The arts, recreation and entertainment, transportation, and retail hold the potential for strength in the future, potentially contributing more to the county’s tourism economic base. The implication is that practitioners should work with groups of businesses in the tourism cluster instead of individual businesses to address their shared critical needs.