Differences in Tourism Demand: A Comparison between Developed and Developing Economies
Tourism is important in bringing a positive socioeconomic change in the form of creating jobs, increasing income and welfare. The study at hand employs the generalized method of moments approach in the course of investigating the dynamic relationship of tourism expenditures, GDP, globalization, CO2...
| Main Authors: | , , , |
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| Format: | Article |
| Language: | English |
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Shaheed Zulfikar Ali Bhutto Institute of Science and Technology
2020-12-01
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| Series: | JISR Management and Social Sciences & Economics |
| Subjects: | |
| Online Access: | https://jisrmsse.szabist.edu.pk/index.php/szabist/article/view/58 |
| _version_ | 1797846623399706624 |
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| author | Muhammad Saeed Meo Noman Arshed Muhammad Shahid Bello, Wasiu Oluwaseun |
| author_facet | Muhammad Saeed Meo Noman Arshed Muhammad Shahid Bello, Wasiu Oluwaseun |
| author_sort | Muhammad Saeed Meo |
| collection | DOAJ |
| description |
Tourism is important in bringing a positive socioeconomic change in the form of creating jobs, increasing income and welfare. The study at hand employs the generalized method of moments approach in the course of investigating the dynamic relationship of tourism expenditures, GDP, globalization, CO2 emissions, and exchange rate with tourism demand during 1995-2014. A total of 50 countries are included in this research study, which is divided into two categories, i.e. 25 developed economies and 25 developing countries. Based on the Panel GMM estimates, for both economies and overall sample, the findings reveal a positive and a significant association between tourism expenditures, world income, globalization and GDP per capita, while there are mixed results for the real exchange rate, environment quality and government effectiveness. It can be suggested that the governance, growth, environment protection and exchange rate management policies can be tapped to boost the tourism receipts.
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| first_indexed | 2024-04-09T17:57:58Z |
| format | Article |
| id | doaj.art-6d1c51e51b3b4358b66c5d972d9196ab |
| institution | Directory Open Access Journal |
| issn | 2616-7476 1998-4162 |
| language | English |
| last_indexed | 2024-04-09T17:57:58Z |
| publishDate | 2020-12-01 |
| publisher | Shaheed Zulfikar Ali Bhutto Institute of Science and Technology |
| record_format | Article |
| series | JISR Management and Social Sciences & Economics |
| spelling | doaj.art-6d1c51e51b3b4358b66c5d972d9196ab2023-04-14T10:31:24ZengShaheed Zulfikar Ali Bhutto Institute of Science and TechnologyJISR Management and Social Sciences & Economics2616-74761998-41622020-12-0118210.31384/jisrmsse/2020.18.2.4Differences in Tourism Demand: A Comparison between Developed and Developing EconomiesMuhammad Saeed Meo0Noman Arshed1Muhammad Shahid2Bello, Wasiu Oluwaseun3The superior College Lahore, PakistanUniversity of Management and Technology, PakistanPakistan Institute of Development Economics, PakistanUniversity of Lagos, Nigeria Tourism is important in bringing a positive socioeconomic change in the form of creating jobs, increasing income and welfare. The study at hand employs the generalized method of moments approach in the course of investigating the dynamic relationship of tourism expenditures, GDP, globalization, CO2 emissions, and exchange rate with tourism demand during 1995-2014. A total of 50 countries are included in this research study, which is divided into two categories, i.e. 25 developed economies and 25 developing countries. Based on the Panel GMM estimates, for both economies and overall sample, the findings reveal a positive and a significant association between tourism expenditures, world income, globalization and GDP per capita, while there are mixed results for the real exchange rate, environment quality and government effectiveness. It can be suggested that the governance, growth, environment protection and exchange rate management policies can be tapped to boost the tourism receipts. https://jisrmsse.szabist.edu.pk/index.php/szabist/article/view/58Panel GMMTourismglobalizationenvironmental qualitytourism expenditurespanel data study |
| spellingShingle | Muhammad Saeed Meo Noman Arshed Muhammad Shahid Bello, Wasiu Oluwaseun Differences in Tourism Demand: A Comparison between Developed and Developing Economies JISR Management and Social Sciences & Economics Panel GMM Tourism globalization environmental quality tourism expenditures panel data study |
| title | Differences in Tourism Demand: A Comparison between Developed and Developing Economies |
| title_full | Differences in Tourism Demand: A Comparison between Developed and Developing Economies |
| title_fullStr | Differences in Tourism Demand: A Comparison between Developed and Developing Economies |
| title_full_unstemmed | Differences in Tourism Demand: A Comparison between Developed and Developing Economies |
| title_short | Differences in Tourism Demand: A Comparison between Developed and Developing Economies |
| title_sort | differences in tourism demand a comparison between developed and developing economies |
| topic | Panel GMM Tourism globalization environmental quality tourism expenditures panel data study |
| url | https://jisrmsse.szabist.edu.pk/index.php/szabist/article/view/58 |
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