A Comparison of the Moderating Effect of Tourism Reliance on the Economic Development for Islands and Other Countries
Abstract
Tourism is Usually One of the Top Industries in Most Countries, Especially Islands. However, There is Some Question as to Whether There is a Negative Potential Impact If a Country Relies Too Much on Tourism as a Means of Economic Development to the Detriment of Other Industries Such as Manufacturing and Agriculture. the Purpose of This Paper is to Examine the Moderating Effect of Tourism Reliance on the Relationship between Tourism Development and Economic Development for Regular Countries and Island Economies, Including "Small Island Developing States" (SIDS). This Study Uses Quantile Regression on Panel Data from the WDI Database from 1995 through 2014 for All of the Countries that Report Tourism and Economic Data. the Findings Demonstrate that Tourism Reliance Does Have a Moderating Effect on the Relationship between Tourism Development and Economic Development for All Countries, But Mainly at Higher Levels of Economic Development.
Recommended Citation
Bojanic, D. C., & Lo, M. (2016). A Comparison of the Moderating Effect of Tourism Reliance on the Economic Development for Islands and Other Countries. Tourism Management, 53, pp. 207-214. Elsevier.
The definitive version is available at https://doi.org/10.1016/j.tourman.2015.10.006
Department(s)
Business and Information Technology
Second Department
Economics
Keywords and Phrases
Economic development; Islands/SIDS; Quantile regression; Tourism development; Tourism reliance
International Standard Serial Number (ISSN)
0261-5177
Document Type
Article - Journal
Document Version
Citation
File Type
text
Language(s)
English
Rights
© 2023 Elsevier, All rights reserved.
Publication Date
01 Apr 2016
