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  1. 117 経済学研究科・経済学部
  2. 70 日本経済国際共同センター
  3. Discussion Paper F series (in English)
  1. 0 資料タイプ別
  2. 60 レポート類
  3. 061 ディスカッションペーパー

A Panel Threshold Model of Tourism Specialization and Economic Development

http://hdl.handle.net/2261/32447
http://hdl.handle.net/2261/32447
a8cd7cb0-ae07-4095-9e94-9cb9d949e89f
Item type テクニカルレポート / Technical Report(1)
公開日 2013-05-31
タイトル
タイトル A Panel Threshold Model of Tourism Specialization and Economic Development
言語
言語 eng
キーワード
主題Scheme Other
主題 International tourism
キーワード
主題Scheme Other
主題 economic development
キーワード
主題Scheme Other
主題 tourism specialization
キーワード
主題Scheme Other
主題 threshold variable
キーワード
主題Scheme Other
主題 panel data
キーワード
主題Scheme Other
主題 JEL Classifications: C33, L83, O10, O40, O57.
資源タイプ
資源 http://purl.org/coar/resource_type/c_18gh
タイプ technical report
アクセス権
アクセス権 metadata only access
アクセス権URI http://purl.org/coar/access_right/c_14cb
著者 Chang, Chia-Lin

× Chang, Chia-Lin

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Chang, Chia-Lin

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Khamkaew, Thanchanok

× Khamkaew, Thanchanok

WEKO 96991

Khamkaew, Thanchanok

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McAleer, Michael

× McAleer, Michael

WEKO 96992

McAleer, Michael

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著者所属
著者所属 Department of Applied Economics National Chung Hsing University Taichung
著者所属
著者所属 Faculty of Economics Chiang Mai University
著者所属
著者所属 Econometric Institute Erasmus School of Economics Erasmus University Rotterdam
著者所属
著者所属 Tinbergen Institute
著者所属
著者所属 Center for International Research on the Japanese Economy (CIRJE) Faculty of Economics University of Tokyo
抄録
内容記述タイプ Abstract
内容記述 The significant impact of international tourism in stimulating economic growth is especially important from a policy perspective. For this reason, the relationship between international tourism and economic growth would seem to be an interesting empirical issue. In particular, if there is a causal link between international tourism demand and economic growth, then appropriate policy implications may be developed. The purpose of this paper is to investigate whether tourism specialization is important for economic development in East Asia and the Pacific, Europe and Central Asia, Latin America and the Caribbean, the Middle East and North Africa, North America, South Asia, and Sub-Saharan Africa, over the period 1991-2008. The impact of the degree of tourism specialization, which is incorporated as a threshold variable, on economic growth is examined for a wide range of countries at different stages of economic development. The empirical results from threshold estimation identify two endogenous cut-off points, namely 14.97% and 17.50%. This indicates that the entire sample should be divided into three regimes. The results from panel threshold regression show that there exists a positive and significant relationship between economic growth and tourism in two regimes, the regime with the degree of tourism specialization lower than 14.97% (regime 1) and the regime with the degree of tourism specialization between 14.97% and 17.50% (regime 2). However, the magnitudes of the impact of tourism on economic growth in those two regimes are not the same, with the higher impact being found in regime 2. An insignificant relationship between economic growth and tourism is found in regime 3, in which the degree of tourism specialization is greater than 17.50%. The empirical results suggest that tourism growth does not always lead to economic growth.
内容記述
内容記述タイプ Other
内容記述 本文フィルはリンク先を参照のこと
書誌情報 Discussion paper series. CIRJE-F

巻 CIRJE-F-685, 発行日 2009-10
書誌レコードID
収録物識別子タイプ NCID
収録物識別子 AA11450569
フォーマット
内容記述タイプ Other
内容記述 application/pdf
日本十進分類法
主題Scheme NDC
主題 335
出版者
出版者 日本経済国際共同センター
出版者別名
Center for International Research on the Japanese Economy
関係URI
識別子タイプ URI
関連識別子 http://www.cirje.e.u-tokyo.ac.jp/research/dp/2009/2009cf685ab.html
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