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on Tourism Economics |
| By: | Jong, Meng-Chang |
| Abstract: | Tourism is one of the most remarkable multi-faceted phenomena that contributes enormously to economic development for most countries around the globe. The steady growth of the world economy, rapid development in transportation systems, and visa facilitation have bolstered the industry by facilitating higher accessibility for tourists. However, tourism is a vulnerable and competitive industry that need to accommodate the rapid changes of tourist demand and economies as well as consider environment effects. Apart from these dynamic needs, an unexpected health crisis may also lead to devastating impacts on the tourism industry. The recent pandemic caused by the novel coronavirus of 2019 (COVID-19) has brought severe disruptions to the global economy, and specifically caused a tremendous decline in the tourism industry. It is one of the industries tremendously impacted by the outbreak, grounding airplanes and severely limiting the ability of people to travel abroad. Once the vaccines are available and movement restrictions are lifted, the tourism sector can be one of the key industries for economic recovery. More than ever, studies on tourism demand modelling and forecasting are crucial. A review of literature on tourism demand takes into account recent studies on the unprecedented COVID-19 pandemic. |
| Keywords: | Tourism demand; COVID-19; Panel analysis; ARDL; Forecasting; Gravity model |
| JEL: | C33 C87 E17 Z0 |
| Date: | 2020–11–08 |
| URL: | http://d.repec.org/n?u=RePEc:pra:mprapa:103919&r=all |
| By: | World Bank |
| Keywords: | Culture and Development - Culture in Sustainable Development Environment - Environmental Protection Environment - Tourism and Ecotourism |
| Date: | 2020–09 |
| URL: | http://d.repec.org/n?u=RePEc:wbk:wboper:34433&r=all |
| By: | Maurice Rawlins; Werner Kornexl; Sumit Baral; Neth Baromey; Natasha Martin; Nick Ray |
| Keywords: | Environment - Environmental Protection Environment - Natural Resources Management Environment - Tourism and Ecotourism Health, Nutrition and Population - Disease Control & Prevention |
| Date: | 2020–07 |
| URL: | http://d.repec.org/n?u=RePEc:wbk:wboper:34321&r=all |
| By: | Hartanti, Maria Febri Piji; Zafrullah, Ahmad |
| Abstract: | Indonesia merupakan negara dengan banyak kekayaan dan keindahan jika dibandingkan dengan negara lain. Indonesia memiliki keragaman akan budaya, suku, ras, agama, pulau, flora, fauna serta kekayaan alam yang melimpah. Dari banyaknya kekayaan dan keindahan yang dimiliki, negara Indonesia bisa memajukan perekonomian negara dengan baik jika disertai dengan sinergi yang bagus antar semua pemangku kepentingan negara. Sektor pariwisata Indonesia menjadi salah satu peluang terbesar untuk memajukan perekonomian. |
| Date: | 2020–11–10 |
| URL: | http://d.repec.org/n?u=RePEc:osf:osfxxx:zps8d&r=all |
| By: | Sisira Jayasuriya; I Wayan Sukadana; Chris Manning; Luh Gede Meydianawathi |
| Abstract: | Tourism now dominates the regional economy of Bali, and its direct economic benefits are demonstrably large. However, Bali’s tourism focused development strategy has been criticized for some of its social, cultural and environmental effects, and for potentially hampering sustainable long-term growth through ‘Dutch disease’ effects of tourism boom on other more dynamic tradable sectors, particularly manufacturing. In this paper, we discuss the economic effects of tourism on overall growth, structural change, employment and wages, household and spatial distributional effects, and potential for technological change and longer-term growth. We show that tourism has promoted a complex web of interactions with other industries, and contributed to rapid structural change, skills development and the widespread dissemination and application of information technology. We contend that the application of the conventional Dutch disease model can be misleading in assessing the economic impact of tourist growth in Bali. It is important to recognize that (a) Bali is a regional economy within the much larger national economy of Indonesia, with high levels of integration in both factor (including labour) and product markets, and (b) tourism is a very dynamic export industry, operating in a highly competitive and rapidly changing international market, and requiring increasingly sophisticated managerial and entrepreneurial skills. While many of the negative socio-cultural and environmental effects are serious and must be addressed through appropriate regulatory regimes, they are not very different from effects seen in other economies undergoing rapid growth. Our overall assessment is that tourism, based on Bali’s natural, cultural and economic endowments, is a viable alternative to labour-intensive industrialization and demonstrates that ‘services based growth strategy’ can be quite appropriate in some circumstances. |
| Keywords: | Bali, Indonesia, growth, structural change, tourism, Dutch Disease |
| JEL: | F15 J62 |
| Date: | 2020 |
| URL: | http://d.repec.org/n?u=RePEc:pas:papers:2020-01&r=all |