Contents of the volume

2021, Volume 74 - Issue 3

ISSN: 2499-8265
RSS feed citation: At RePEc
Publication date: 30 August 2021

TOURISM AND GROWTH: SOME ISSUES

Elena Seghezza

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THE ROLE OF GENOESE ECONOMISTS IN THE INTRODUCTION OF KEYNESIAN THOUGHT IN ITALY

Giuseppe Mastromatteo

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TESTING FOR THE TOURISM LED ECONOMIC GROWTH HYPOTHESIS IN SWEDEN WITH STRUCTURAL BREAKS

Abdulnasser Hatemi-J, Per-Ola Maneschiöld

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A SYSTEM EQUATION MODEL FOR TOURISM AND ECONOMIC GROWTH

Antonios Adamopoulos

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DETERMINANTS OF TOURISM DEVELOPMENT: EMPIRICAL EVIDENCE FROM THREE DEVELOPING COUNTRIES

Sheilla Nyasha, Nicholas M. Odhiambo

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A MULTIVARIATE LOGIT FOR PROPENSITY TO CHOOSE PACKAGE TOUR OVER INDEPENDENT TRAVEL

Christer Thrane, Antonio Menezes , Ainura Uzagalieva

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Genoa Chamber of Commerce
Economia Internazionale / International Economics

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Corresponding author

Sheilla NYASHA, Department of Economics, University of South Africa, Pretoria, South Africa

Co-authors

Nicholas M. ODHIAMBO , Department of Economics, University of South Africa, Pretoria, South Africa

Determinants of Tourism Development: Empirical Evidence from three Developing Countries

Pages

335-368

Abstract

This study examines the key determinants of tourism development in South Africa, Brazil and Vietnam during the period 1995- 2018. Despite the growing empirical literature on the determinants of tourism development from a number of countries, these countries have remained understudied. The study uses two proxies, namely: tourism revenue (TR) and the number of international tourist arrivals (TA), to measure the level of tourism development. Using the ARDL bounds-testing approach, the results show that the determinants of tourism development differ from country to country and over time. In addition, the study shows that the determinants depend on the proxy used to measure the level of tourism development. Overall, the study found that the positive drivers of tourism in these countries are tourist disposable income, financial development, trade openness and political stability, while the negative drivers include exchange rate, price level and carbon emissions.

 

 

 

JEL classification

Z30, Z32

Keywords

Tourism Development, Determinants, South Africa, Brazil, Vietnam, ARDL

Index

  1. Introduction
  2. Tourism dynamics in the study countries
  3. Literature review
  4. Estimation methods and empirical analysis
  5. Empirical results
  6. Conclusion

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