Pub Date : 2023-06-21DOI: 10.1177/13548166231184792
Jun Zhang
This study underscores the significance of the nexus between tourism and housing price. Using panel data from 35 major cities in China, it employed the panel smooth transition regression approach to explore the interplay between tourism development and housing prices. Our findings showed a nonlinear tourism–housing price nexus. Specifically, tourism development can raise housing prices in a nonlinear way, indicating that this positive impact varies at different levels of tourism specialisation. Housing prices had an inverted U-shaped effect on tourism development. Several explanations for these empirical results are provided in the Discussion section, along with policy suggestions.
{"title":"Tourism development and housing price: An interplay","authors":"Jun Zhang","doi":"10.1177/13548166231184792","DOIUrl":"https://doi.org/10.1177/13548166231184792","url":null,"abstract":"This study underscores the significance of the nexus between tourism and housing price. Using panel data from 35 major cities in China, it employed the panel smooth transition regression approach to explore the interplay between tourism development and housing prices. Our findings showed a nonlinear tourism–housing price nexus. Specifically, tourism development can raise housing prices in a nonlinear way, indicating that this positive impact varies at different levels of tourism specialisation. Housing prices had an inverted U-shaped effect on tourism development. Several explanations for these empirical results are provided in the Discussion section, along with policy suggestions.","PeriodicalId":23204,"journal":{"name":"Tourism Economics","volume":null,"pages":null},"PeriodicalIF":4.4,"publicationDate":"2023-06-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"47345642","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-06-19DOI: 10.1177/13548166231184796
J. Chi
This paper aims to investigate the dynamic effects of tourism, economic growth, urbanization, trade openness, and globalization on income inequality in OECD countries. Using the novel method of moments quantile regression (MMQR) approach, we aim to provide new perspectives on the Kuznets curve hypothesis regarding the relationship between tourism and income inequality. The results indicate that from the 0.1 to 0.8 quantiles, the linear and cubic terms of the tourism variable positively affect income inequality, while the quadratic term has a negative impact on income inequality. These findings suggest that tourism growth is relinked with income inequality after an inverted U-shape, supporting the N-shape Kuznets curve hypothesis. Based on this evidence, tourism development may not be a sustainable solution for reducing the income gap in the long term. Our results also show a negative association between trade openness and income inequality, while urbanization is linked to unequal income distribution in most cases. Unlike other conditional mean techniques, the MMQR estimation reveals a significant linkage between globalization and income inequality from the 0.4 to 0.9 quantiles. These findings suggest that countries with stronger connections to the global economy may have more equal employment opportunities, thus decreasing income inequality.
{"title":"Tourism development and income inequality in OECD countries: New insights from method of moments quantile regression","authors":"J. Chi","doi":"10.1177/13548166231184796","DOIUrl":"https://doi.org/10.1177/13548166231184796","url":null,"abstract":"This paper aims to investigate the dynamic effects of tourism, economic growth, urbanization, trade openness, and globalization on income inequality in OECD countries. Using the novel method of moments quantile regression (MMQR) approach, we aim to provide new perspectives on the Kuznets curve hypothesis regarding the relationship between tourism and income inequality. The results indicate that from the 0.1 to 0.8 quantiles, the linear and cubic terms of the tourism variable positively affect income inequality, while the quadratic term has a negative impact on income inequality. These findings suggest that tourism growth is relinked with income inequality after an inverted U-shape, supporting the N-shape Kuznets curve hypothesis. Based on this evidence, tourism development may not be a sustainable solution for reducing the income gap in the long term. Our results also show a negative association between trade openness and income inequality, while urbanization is linked to unequal income distribution in most cases. Unlike other conditional mean techniques, the MMQR estimation reveals a significant linkage between globalization and income inequality from the 0.4 to 0.9 quantiles. These findings suggest that countries with stronger connections to the global economy may have more equal employment opportunities, thus decreasing income inequality.","PeriodicalId":23204,"journal":{"name":"Tourism Economics","volume":null,"pages":null},"PeriodicalIF":4.4,"publicationDate":"2023-06-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45937347","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-06-18DOI: 10.1177/13548166231184300
Haiyan Wang, T. Hu, Huihui Wu
Existing studies on tourism seasonality have been mainly identified at annual or monthly level and the seasonality in tourism demand forecasting has always been addressed by modeling season patterns. However, annual or monthly seasonality is coarse-grained and can’t capture the subtle changes emerging both in tourism theory and practice. This study recognizes tourism seasonality based on intra-day patterns and inter-day similarity and suggests a novel approach to addressing seasonality in tourism demand forecasting. The proposed three-step method contains tourism seasonality recognition, tourism seasonality matching, and tourism demand forecasting. The empirical findings, based on two attractions in China, demonstrate that the proposed method based on dynamic time warping and density-peak clustering can precisely capture tourism seasonality at the daily level. The method can also detect special tourism periods or subtle changes in seasonality, such as staggered peak travel phenomenon. Superior forecasting performance with seasonality matching is also revealed. This study sheds new light on tourism seasonality recognition and contributes to forecasting methodology.
{"title":"Tourism demand with subtle seasonality: Recognition and forecasting","authors":"Haiyan Wang, T. Hu, Huihui Wu","doi":"10.1177/13548166231184300","DOIUrl":"https://doi.org/10.1177/13548166231184300","url":null,"abstract":"Existing studies on tourism seasonality have been mainly identified at annual or monthly level and the seasonality in tourism demand forecasting has always been addressed by modeling season patterns. However, annual or monthly seasonality is coarse-grained and can’t capture the subtle changes emerging both in tourism theory and practice. This study recognizes tourism seasonality based on intra-day patterns and inter-day similarity and suggests a novel approach to addressing seasonality in tourism demand forecasting. The proposed three-step method contains tourism seasonality recognition, tourism seasonality matching, and tourism demand forecasting. The empirical findings, based on two attractions in China, demonstrate that the proposed method based on dynamic time warping and density-peak clustering can precisely capture tourism seasonality at the daily level. The method can also detect special tourism periods or subtle changes in seasonality, such as staggered peak travel phenomenon. Superior forecasting performance with seasonality matching is also revealed. This study sheds new light on tourism seasonality recognition and contributes to forecasting methodology.","PeriodicalId":23204,"journal":{"name":"Tourism Economics","volume":null,"pages":null},"PeriodicalIF":4.4,"publicationDate":"2023-06-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45553825","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-06-13DOI: 10.1177/13548166231178355
Rockie U Kei Kuok, Tay T. R. Koo, C. Lim
This research aims to quantify the effect of air transport capacity on tourism demand by examining their long-term (cointegrating) relationship, accounting for cross-sectional dependence and endogeneity. Panel time series data from 2008Q1 to 2019Q4 for international tourist arrivals from 16 main origins to six Australian states are investigated. The study finds 1% increase in Available-Seat-Kilometers, seat capacity, or flight frequency can result in 0.4%–0.7% increase in tourist arrivals to Australia, adding to the body of evidence that shows a non-negligible aviation-led generative effect on tourism demand. The study finds ignoring cross-sectional dependence can result in significantly different, and potentially incorrect, coefficient estimates. Although using pre-COVID data, the results are useful in highlighting the likely aviation supply—tourism demand relations under reasonably well-performing market conditions. For greater tourism demand, findings call for more liberal international air services agreements, and direct/indirect air route development subsidies with minimum commitment of several years.
{"title":"Air transport capacity and tourism demand: A panel cointegration approach with cross-sectionally augmented autoregressive distributed lag (CS-ARDL) model","authors":"Rockie U Kei Kuok, Tay T. R. Koo, C. Lim","doi":"10.1177/13548166231178355","DOIUrl":"https://doi.org/10.1177/13548166231178355","url":null,"abstract":"This research aims to quantify the effect of air transport capacity on tourism demand by examining their long-term (cointegrating) relationship, accounting for cross-sectional dependence and endogeneity. Panel time series data from 2008Q1 to 2019Q4 for international tourist arrivals from 16 main origins to six Australian states are investigated. The study finds 1% increase in Available-Seat-Kilometers, seat capacity, or flight frequency can result in 0.4%–0.7% increase in tourist arrivals to Australia, adding to the body of evidence that shows a non-negligible aviation-led generative effect on tourism demand. The study finds ignoring cross-sectional dependence can result in significantly different, and potentially incorrect, coefficient estimates. Although using pre-COVID data, the results are useful in highlighting the likely aviation supply—tourism demand relations under reasonably well-performing market conditions. For greater tourism demand, findings call for more liberal international air services agreements, and direct/indirect air route development subsidies with minimum commitment of several years.","PeriodicalId":23204,"journal":{"name":"Tourism Economics","volume":null,"pages":null},"PeriodicalIF":4.4,"publicationDate":"2023-06-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43541431","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-06-06DOI: 10.1177/13548166231181266
Marina Marfil-Cotilla, J. A. Campos-Soria, Alejandro García-Pozo
We conducted a comparative study of the main determinants of the gender wage gap across the wage distribution in the tourism sector from a sectoral perspective. Using matched employer-employee data from Spain, we propose different wage decompositions across the wage distribution based on unconditional quantile regressions. In feminised sectors, such as hospitality and travel agencies, the gender wage gap follows an increasing trend across the wage distribution, whereas in masculinised sectors, such as transportation, the gap follows a decreasing trend, becoming non-significant at the highest wage levels. Except in the case of transportation, gender wage discrimination increases as wages increase and is the component that explains the major part of this gap. The results show that there are differential barriers to the promotion of women at a sectoral level that perpetuate gender roles, particularly in positions of high responsibility.
{"title":"The gender wage gap across the wage distribution: Evidence in tourism at the sectoral level","authors":"Marina Marfil-Cotilla, J. A. Campos-Soria, Alejandro García-Pozo","doi":"10.1177/13548166231181266","DOIUrl":"https://doi.org/10.1177/13548166231181266","url":null,"abstract":"We conducted a comparative study of the main determinants of the gender wage gap across the wage distribution in the tourism sector from a sectoral perspective. Using matched employer-employee data from Spain, we propose different wage decompositions across the wage distribution based on unconditional quantile regressions. In feminised sectors, such as hospitality and travel agencies, the gender wage gap follows an increasing trend across the wage distribution, whereas in masculinised sectors, such as transportation, the gap follows a decreasing trend, becoming non-significant at the highest wage levels. Except in the case of transportation, gender wage discrimination increases as wages increase and is the component that explains the major part of this gap. The results show that there are differential barriers to the promotion of women at a sectoral level that perpetuate gender roles, particularly in positions of high responsibility.","PeriodicalId":23204,"journal":{"name":"Tourism Economics","volume":null,"pages":null},"PeriodicalIF":4.4,"publicationDate":"2023-06-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42891977","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-06-02DOI: 10.1177/13548166231180417
Maruška Vizek, Tajana Barbič, Anita Čeh Časni
The adverse effects booming tourism activity and peer-to-peer platforms on housing markets are well known, while the influence of relative changes in tourism accommodation composition on housing prices are not well understood. To shed more light on the issue, this paper employs the data set on housing prices and its main tourism, economic, and demographic determinants, for cities and municipalities in a tourism-dependent country. The results suggest more intensive tourism demand and the conversion of housing stock into rentals boost housing prices. The increase in the share of short-term rentals depresses prices, while in destinations where hotels and campsites become more prevalent prices increase. These findings could be attributed to the pricing-in effects of an increased supply of tourism amenities developed as part of hotels’ and campsites‘ product mix that improve the quality of life, and lower quality of life experienced at destinations where rentals are becoming more prevalent.
{"title":"The impact of the tourism accommodation composition on housing prices: The case of Croatia","authors":"Maruška Vizek, Tajana Barbič, Anita Čeh Časni","doi":"10.1177/13548166231180417","DOIUrl":"https://doi.org/10.1177/13548166231180417","url":null,"abstract":"The adverse effects booming tourism activity and peer-to-peer platforms on housing markets are well known, while the influence of relative changes in tourism accommodation composition on housing prices are not well understood. To shed more light on the issue, this paper employs the data set on housing prices and its main tourism, economic, and demographic determinants, for cities and municipalities in a tourism-dependent country. The results suggest more intensive tourism demand and the conversion of housing stock into rentals boost housing prices. The increase in the share of short-term rentals depresses prices, while in destinations where hotels and campsites become more prevalent prices increase. These findings could be attributed to the pricing-in effects of an increased supply of tourism amenities developed as part of hotels’ and campsites‘ product mix that improve the quality of life, and lower quality of life experienced at destinations where rentals are becoming more prevalent.","PeriodicalId":23204,"journal":{"name":"Tourism Economics","volume":null,"pages":null},"PeriodicalIF":4.4,"publicationDate":"2023-06-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44521925","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-06-01DOI: 10.1177/13548166221090170
Taotao Deng, Weishu Zhao, Yukun Hu
To date there has been little agreement on the effect of retirement on tourism consumption, and “retirement-tourism consumption puzzle” has not been empirically tested. Taking advantage of the mandatory retirement policy in China, this study adopts the fuzzy regression discontinuity design (RDD) approach to examine whether there is a “retirement-tourism consumption puzzle.” The findings indicate that the retirement of household heads significantly boosts household tourism consumption. The results also illustrate the considerable moderating effects of self-assessed health level and pension level on household tourism consumption. The research framework can be generalized to other countries to identify the effect of retirement on tourism consumption.
{"title":"Retirement and household tourism consumption—A case study in China","authors":"Taotao Deng, Weishu Zhao, Yukun Hu","doi":"10.1177/13548166221090170","DOIUrl":"https://doi.org/10.1177/13548166221090170","url":null,"abstract":"To date there has been little agreement on the effect of retirement on tourism consumption, and “retirement-tourism consumption puzzle” has not been empirically tested. Taking advantage of the mandatory retirement policy in China, this study adopts the fuzzy regression discontinuity design (RDD) approach to examine whether there is a “retirement-tourism consumption puzzle.” The findings indicate that the retirement of household heads significantly boosts household tourism consumption. The results also illustrate the considerable moderating effects of self-assessed health level and pension level on household tourism consumption. The research framework can be generalized to other countries to identify the effect of retirement on tourism consumption.","PeriodicalId":23204,"journal":{"name":"Tourism Economics","volume":null,"pages":null},"PeriodicalIF":4.4,"publicationDate":"2023-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43988146","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-06-01DOI: 10.1177/13548166231179840
V. Chandran, Tariq Ahmed, Fedwa Jebli, A. Josiassen, Eva M. Lang
This study employs a sequential mixed methods design to examine the dynamic roles of leadership, customer orientation, and customer collaboration on the innovation capability and performance of Malaysian hotels. An exploratory qualitative assessment based on semi-structured interviews was conducted to provide a comprehensive understanding of the contextual environment and establish a robust conceptual framework. A confirmatory survey among Malaysian hotel managers allowed for the empirical testing of the hypotheses. The results suggest that customer orientation is a key element that directly promotes hotels’ innovation capabilities. The results further show that the influence of customer collaboration on innovation can be enhanced by a transformational leader. Improvements in innovation capabilities have lasting effects on hotel performance, underscoring their strategic importance in the dynamic hospitality sector. These findings offer important implications for top management and decision-making personnel seeking to leverage innovation as a means of improving performance and gaining a competitive edge.
{"title":"Developing innovation capability in the hotel industry, who and what is important? A mixed methods approach","authors":"V. Chandran, Tariq Ahmed, Fedwa Jebli, A. Josiassen, Eva M. Lang","doi":"10.1177/13548166231179840","DOIUrl":"https://doi.org/10.1177/13548166231179840","url":null,"abstract":"This study employs a sequential mixed methods design to examine the dynamic roles of leadership, customer orientation, and customer collaboration on the innovation capability and performance of Malaysian hotels. An exploratory qualitative assessment based on semi-structured interviews was conducted to provide a comprehensive understanding of the contextual environment and establish a robust conceptual framework. A confirmatory survey among Malaysian hotel managers allowed for the empirical testing of the hypotheses. The results suggest that customer orientation is a key element that directly promotes hotels’ innovation capabilities. The results further show that the influence of customer collaboration on innovation can be enhanced by a transformational leader. Improvements in innovation capabilities have lasting effects on hotel performance, underscoring their strategic importance in the dynamic hospitality sector. These findings offer important implications for top management and decision-making personnel seeking to leverage innovation as a means of improving performance and gaining a competitive edge.","PeriodicalId":23204,"journal":{"name":"Tourism Economics","volume":null,"pages":null},"PeriodicalIF":4.4,"publicationDate":"2023-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"47559615","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-06-01DOI: 10.1177/13548166221075453
Cheng Zhang, Wei Cheng, Wanli Zhang
Using the panel data from 2002 to 2018 of 287 prefecture-level cities in China and the propensity score matching–difference-in-differences method, our study sought to reexamine the effect of World Heritage inscription on regional tourism. The results show that World Heritage sites improve regional tourism significantly, further confirmed by a series of robustness tests. However, the arrival and revenue effects of World Heritage inscription on inbound tourism are not significant. Moreover, World Heritage sites generate significant tourism economic benefits for the eastern and western regions in China but not for the central region. Last, a mechanism analysis shows that tourism public services increase the arrival and revenue effects significantly. The conclusions provide important insights for governments and tourism operators regarding the sustainable development of World Heritage sites and regional tourism.
{"title":"Does World Heritage inscription promote regional tourism? Evidence from China","authors":"Cheng Zhang, Wei Cheng, Wanli Zhang","doi":"10.1177/13548166221075453","DOIUrl":"https://doi.org/10.1177/13548166221075453","url":null,"abstract":"Using the panel data from 2002 to 2018 of 287 prefecture-level cities in China and the propensity score matching–difference-in-differences method, our study sought to reexamine the effect of World Heritage inscription on regional tourism. The results show that World Heritage sites improve regional tourism significantly, further confirmed by a series of robustness tests. However, the arrival and revenue effects of World Heritage inscription on inbound tourism are not significant. Moreover, World Heritage sites generate significant tourism economic benefits for the eastern and western regions in China but not for the central region. Last, a mechanism analysis shows that tourism public services increase the arrival and revenue effects significantly. The conclusions provide important insights for governments and tourism operators regarding the sustainable development of World Heritage sites and regional tourism.","PeriodicalId":23204,"journal":{"name":"Tourism Economics","volume":null,"pages":null},"PeriodicalIF":4.4,"publicationDate":"2023-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"41888266","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-05-31DOI: 10.1177/13548166231174812
Umer Farooq, M. Tabash, Mamdouh Abdulaziz Saleh Al-Faryan, Cem Işık, T. Dogru
Environmental sustainability, energy consumption, and tourism are the most discussed topics in the literature. However, limited studies have catered to the relationship among these variables. From this perspective: the current study aims to find the nexus between tourism, energy alternatives, financial development, and pollution emissions by targeting the Gulf Cooperation Council (GCC) economies. We employ the data of six GCC economies for the years 2000–2019 and adopt fully modified ordinary least square and generalized least square approaches to establish the regression. The findings reveal a positive impact on the number of tourist arrivals (ITAs) while a negative impact on tourism receipts on pollution emissions. Similarly, fossil fuel energy (FFE) shows a positive while renewable energy depicts a negative relationship with CO2 emissions. This positive impact of tourist arrivals and fossil fuel energy was moderated by financial development. In addition to individual analysis, the developed financial sector can help to reduce the negative externalities of ITA and FFE. The empirical analysis further documents the positive impact of all control variables including foreign investment, economic growth, and gross capital formation on CO2 emissions. Based on empirical results, it is recommended to bring financial development into the picture to reduce the negative impact of ITA and FFE on environmental quality. This study put forward the literature by adding innovative thoughts regarding the moderating role of financial development in the nexus between tourism, energy alternatives, and CO2 emissions.
{"title":"The Nexus between tourism-energy-environmental degradation: Does financial development matter in GCC countries?","authors":"Umer Farooq, M. Tabash, Mamdouh Abdulaziz Saleh Al-Faryan, Cem Işık, T. Dogru","doi":"10.1177/13548166231174812","DOIUrl":"https://doi.org/10.1177/13548166231174812","url":null,"abstract":"Environmental sustainability, energy consumption, and tourism are the most discussed topics in the literature. However, limited studies have catered to the relationship among these variables. From this perspective: the current study aims to find the nexus between tourism, energy alternatives, financial development, and pollution emissions by targeting the Gulf Cooperation Council (GCC) economies. We employ the data of six GCC economies for the years 2000–2019 and adopt fully modified ordinary least square and generalized least square approaches to establish the regression. The findings reveal a positive impact on the number of tourist arrivals (ITAs) while a negative impact on tourism receipts on pollution emissions. Similarly, fossil fuel energy (FFE) shows a positive while renewable energy depicts a negative relationship with CO2 emissions. This positive impact of tourist arrivals and fossil fuel energy was moderated by financial development. In addition to individual analysis, the developed financial sector can help to reduce the negative externalities of ITA and FFE. The empirical analysis further documents the positive impact of all control variables including foreign investment, economic growth, and gross capital formation on CO2 emissions. Based on empirical results, it is recommended to bring financial development into the picture to reduce the negative impact of ITA and FFE on environmental quality. This study put forward the literature by adding innovative thoughts regarding the moderating role of financial development in the nexus between tourism, energy alternatives, and CO2 emissions.","PeriodicalId":23204,"journal":{"name":"Tourism Economics","volume":null,"pages":null},"PeriodicalIF":4.4,"publicationDate":"2023-05-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43122225","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
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