SavedAdd your journal

Journals / Journal of Tourism and Gastronomy Studies / 2022 / Cilt: 10 - Sayı: 1

Testing the Moderating Effect of Tourism Revenue and Globalization on the Economic Growth: Empirical Evidence from Mediterranean Countries

Hatice İMAMOĞLU
Tuğrul GÜNAY
Dilber ÇAĞLAR
Pages
52–61
Publication Date
2022-10-18
DOI
—
🏛️Bibliographic metadata and full text access for this article are provided via DergiPark.
DergiPark Record ↗
✨

AI Summary & Key Takeaways

AI Insight
⚡ TL;DR(Too Long; Didn't Read)

On the other hand, the current study found that globalization has a considerable moderating influence on the impact of tourism revenue on economic growth in Mediterranean Countries.

📌 3 Key Takeaways

🎯
Objective & Hypothesis:Globalization is a multifaceted phenomenon that creates the conditions for the expansion and development of tourism activities around the world.
📊
Key Findings & Data:This study uses an augmented Solow growth model to experimentally evaluate the impact of globalization and tourism on economic growth from 2009 to 2018.
💡
Conclusion & Impact:On the other hand, the current study found that globalization has a considerable moderating influence on the impact of tourism revenue on economic growth in Mediterranean Countries.
🔬Design:Modeling & Simulation
📍Scope:2009 Verileri
⚙️Variables:Domain Parameters

Abstract

Globalization is a multifaceted phenomenon that creates the conditions for the expansion and development of tourism activities around the world. This study uses an augmented Solow growth model to experimentally evaluate the impact of globalization and tourism on economic growth from 2009 to 2018. This study also investigates the impact of globalization in regulating economic growth as a moderating factor. In this study, two separate models were used for this consideration: (1) the main effects model and (2) the interaction effects model. For the Mediterranean countries, dynamic panel regression models are used to examine this impact. The influence of tourism revenues on economic growth is determined to be highly substantial and favourable; nevertheless, a negative and significant direct effect on economic growth can be detected due to globalization. On the other hand, the current study found that globalization has a considerable moderating influence on the impact of tourism revenue on economic growth in Mediterranean Countries.

🔖

Cite This Article

İMAMOĞLU, H., GÜNAY, T., ÇAĞLAR, D. (2022). Testing the Moderating Effect of Tourism Revenue and Globalization on the Economic Growth: Empirical Evidence from Mediterranean Countries. Journal of Tourism and Gastronomy Studies, Cilt: 10 - Sayı: 1, 52–61. https://ajindex.com/articles/568222

📄 Full Text PDF Viewer

📄

PDF görüntüleyici hazırlanıyor...

References (14)

  1. Arellano, M., & O. Bover. (1995). Another look at the instrumental variables estimation of error components models. Journal of Econometrics, 68, 29–51.
  2. Arellano, M., & Bond, S., (1991). Some tests of specification for panel data: Monte Carlo evidence and an application to employment equations. The Review of Economic Studies 58, 277–297.
  3. Balaguer, J., & Cantavella-Jorda, M. (2002). Tourism as a long-run economic growth factor: the Spanish case. Applied Economics, 34(7), 877-884.
  4. Bayar, Y., Odabas, H., & Sakar, E. (2021). Impact of Globalization on Inbound Tourism in Mediterranean Countries: A Panel Regression Analysis. In Handbook of Research on Institutional, Economic, and Social Impacts of Globalization and Liberalization (pp. 87-95).
  5. IGI Global. Blundell, R., & S. Bond, (1998). Initial conditions and moment restrictions in dynamic panel data models. Journal of Econometrics, 87, 11–143.
  6. Brelik, A. (2018, May). Globalization in Tourism. In Economic Science for Rural Development Conference Proceedings (No. 47). Buluk, B., & Özkök, F. (2016). Küreselleşme Hareketlerinin Turizm Endüstrisine Etkileri. Akademik Bakış Uluslararası Hakemli Sosyal Bilimler Dergisi, (54), 37-53.
  7. Cannonier, C., & Burke, M. G. (2019). The economic growth impact of tourism in Small Island Developing States— evidence from the Caribbean. Tourism Economics, 25(1), 85-108. Danish, & Wang, Z. (2018). Dynamic relationship between tourism, economic growth, and environmental quality. Journal of Sustainable Tourism, 26(11), 1928-1943.
  8. Dritsakis, N. (2004). Tourism as a long-run economic growth factor: an empirical investigation for Greece using causality analysis. Tourism Economics, 10(3), 305-316.
  9. Dritsakis, N. (2012). Tourism development and economic growth in seven Mediterranean countries: A panel data approach. Tourism Economics, 18(4), 801-816.
  10. Dwyer, L. (2015). Globalization of tourism: Drivers and outcomes. Tourism Recreation Research, 40(3), 326-339.
  11. Fayissa, B., Nsiah, C., & Tadasse, B. (2008). Impact of tourism on economic growth and development in Africa. Tourism Economics, 14(4), 807-818.
  12. Gerçeker, M., Özcan, C. C., Mucuk, M., & Özmen, İ. (2019).
  13. Küreselleşme, Reel Gelir ve Turizmin Çevre Üzerindeki Etkisi: Akdeniz Ülkeleri Örneği. In International Congress of Energy, Economy and Security (pp. 08-10).
  14. Gövdeli, T. (2019). Investigating the relationship on co2, tourism, economic growth and trade openness in Turkey. Yönetim ve Ekonomi: Celal Bayar Üniversitesi İktisadi ve İdari Biliml