欧洲国家旅游带动增长假说的实证研究:来自增广平均群估计量的证据

IF 2.6 4区 经济学 Q1 ECONOMICS Portuguese Economic Journal Pub Date : 2021-02-10 DOI:10.1007/s10258-021-00193-9
Wanjun Xia, Buhari Doğan, Umer Shahzad, Festus Fatai Adedoyin, Abiodun Popoola, Muhammad Adnan Bashir
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引用次数: 20

摘要

由于城市化和人们出于商业目的或旅游目的从一个国家到另一个国家的需要,因此确定旅游业对经济增长的贡献程度是很重要的。本文旨在利用1995年至2015年的年度数据,以34个欧洲国家为样本,研究旅游带动增长假说。研究工作使用了8个旅游指标,涵盖了旅游部门发展的不同维度,如外国游客消费、国际游客到达等。对于实证分析,该研究考虑了增长的关键决定因素,如资本、劳动力和能源(可再生和不可再生)消费。共同相关效应(CCE)、增广平均组(AMG)和均值估计的结果证实,旅游业、劳动力、资本和GDP之间存在正相关关系,暗示了旅游业主导增长假说在欧洲国家的存在。此外,FMOLS的研究结果表明,变量的变化导致GDP的比例变化。具体而言,证据表明,旅游指标与能源消耗、资本和劳动力一样,对经济发展起着不可或缺的推动作用。可持续应对与外国游客有关的环境问题,应鼓励可再生能源消费,以减少环境外部性,确保企业和游客抵达的可持续环境。
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An empirical investigation of tourism-led growth hypothesis in the european countries: evidence from augmented mean group estimator

Due to urbanization and the need for people to go from one country to another either for commercial purpose or tourism, it is therefore important to determine the extent to which tourism contributes to growth. This article aims to investigate the tourism-led growth hypothesis in a sample of 34 European countries utilizing the yearly data from 1995 to 2015. The research work makes use of 8 tourism indicators, which cover different dimensions of tourism sector development such as foreign visitors' spending, and international tourist arrival. For empirical analysis, the study accounts key determinants of growth such as capital, labor and energy (renewable and non-renewable) consumption. The results from common correlated effects (CCE) augmented mean group (AMG) and groped-mean estimators confirms that there is a positive relationship between tourism, labour, capital and GDP insinuating the presence of tourism-led growth hypothesis in the European countries. Also, findings from the FMOLS show that changes in the variables leads to a proportional change in GDP. Specifically, the evidence shows that the tourism indicators play an indispensable role in promoting economic development, along with energy consumption, capital, and labor. Sustainable Combating environmental issues associated with foreign arrivals, renewable energy consumption should be encouraged to reduce environmental externalities to ensure sustainable environments for businesses and tourists’ arrivals.

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来源期刊
CiteScore
3.40
自引率
7.70%
发文量
21
期刊介绍: The Portuguese Economic Journal publishes high-quality theoretical, empirical, applied or policy-oriented research papers on any field in economics. We enforce a rigorous, fair and prompt refereeing process. The geographical reference in the name of the journal only means that the journal is an initiative of Portuguese scholars. There is no bias in favour of particular topics and issues.Officially cited as: Port Econ J
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