Tourism development and happiness: International evidence

2020 ◽  
pp. 135481662092157 ◽  
Author(s):  
Chien-Chiang Lee ◽  
Mei-Ping Chen ◽  
Yi-Ting Peng
Keyword(s):  
Social Media ◽  
Panel Data ◽  
Host Country ◽  
Tourism Development ◽  
Macroeconomic Factors ◽  
Related Literature ◽  
International Evidence ◽  
Regression Approach ◽  
Sector Returns ◽  
Tourism Revenue

The existing tourism- and happiness-related literature commonly investigates whether a happy destination does in fact render tourists happy and how tourist arrivals affect residents’ happiness. This research thus first explores whether the host country and Twitter happiness indices influence tourism development in an international framework (i.e. tourist arrivals, tourism revenues, and travel and leisure sector returns). To account for intricate correlations among variables, the study employs a quantile regression approach on panel data from 119 countries spanning 2006–2017. Evidences find that most host country happiness indices and macroeconomic factors show salient, nonlinear, and asymmetric impacts across both tourist arrival and tourism revenue quantiles in concurrent and subsequent periods, except for European country results. Moreover, Twitter happiness index strongly affects travel and leisure sector returns, but has no impact on tourist arrivals as well as tourism revenues, implying the importance of social media happiness on said returns.

Do Country Risks Matter for Tourism Development? International Evidence

2020 ◽  
pp. 004728752095453 ◽  
Author(s):  
Chien-Chiang Lee ◽  
Mei-Ping Chen
Keyword(s):  
Financial Stability ◽  
Tourism Development ◽  
Country Risk ◽  
Global Perspective ◽  
International Tourism ◽  
Method Of Moment ◽  
Policy Makers ◽  
International Evidence ◽  
International Tourist ◽  
Sector Returns

This research fills the gap in the tourism literature on the impacts of country stability—including political, financial, and economic—on tourism development (i.e., international tourist arrivals, international tourism revenues, and travel and leisure sector returns). To account for possible asymmetric and nonlinear relationships among variables, we apply a new method of moment quantile regression, by using panel data from 106 countries spanning the period 2006–2017. From a global perspective, the empirical results indicate that higher country stability generally leads to higher tourism development, while there is no salient influence of financial stability on travel and leisure sector returns. This suggests that the effects of country risk ratings are mostly nonlinear across different tourism development quantiles. Additionally, different components of risk rating scores have diverse impacts on tourism development. The findings mean that policy makers should consider their tourism condition when setting country stability strategies.

Macro-economic Factors Influencing Tourism Entrepreneurship: The Case of Kazakhstan

2021 ◽  
pp. 097135572098143
Author(s):  
Aizhan Tleuberdinova ◽  
Zhanat Shayekina ◽  
Dinara Salauatova ◽  
Stephen Pratt
Keyword(s):  
Economic Development ◽  
Emerging Economies ◽  
Negative Relationship ◽  
National Income ◽  
Tourism Development ◽  
Entrepreneurial Activity ◽  
Macroeconomic Factors ◽  
Distributed Lag ◽  
Tourism Sector ◽  
The Impact

Tourism development contributes to economic development. In emerging economies like Kazakhstan, tourism development needs active entrepreneurship. As the country emerges from the post-Soviet era, there has been an increase in economic development and prosperity. Entrepreneurship in the tourism sector can drive economies forward through the creation of new tourism and hospitality businesses. The macroeconomic environment can influence entrepreneurial activity. We use an autoregressive distributed lag (ARDL) model to examine the impact of macroeconomic factors on tourism entrepreneurship in Kazakhstan. Using data from 1996 to 2018, we find that there is a positive short-run relationship between wages in the tourism sector and entrepreneurship, suggesting that wage growth in the sector attracts entrepreneurs. In the long run, however, tourism sector wages have a negative relationship with entrepreneurship, suggesting that these higher wages represent a higher cost to entrepreneurship. There is also a strong positive relationship between national income and tourism entrepreneurship in Kazakhstan. Implications of macroeconomic policy changes for Kazakhstan and other emerging economies are discussed.

The Economic Consequences of Hosting the Olympic Games: International Evidence from Cross-Listings

2021 ◽  
Author(s):  
Albert Tsang ◽  
Kun Tracy Wang ◽  
Nathan Zhenghang Zhu ◽  
Li YU
Keyword(s):  
Host Country ◽  
Olympic Games ◽  
Economic Consequences ◽  
Host Countries ◽  
International Evidence ◽  
Cross Listing ◽  
Foreign Countries ◽  
International Reputation ◽  
Positive Effect ◽  
The Olympic Games

Based on evidence from nine countries that hosted the Olympic Games, we show that relative to firms domiciled in non-Olympics-hosting countries, firms domiciled in Olympics-hosting countries engage in more cross-listing in the years following the Olympics. The effect of hosting the Olympics on firms’ cross-listing activities is more pronounced for firms domiciled in host countries with better performance in the Games; for firms domiciled in countries hosting the Summer Olympics; and for domestic firms. We also find that cross-listing firms domiciled in an Olympics-hosting country tend to cross-list in foreign countries with a greater institutional distance from the host country after the Olympics. Finally, we document a positive effect of Olympics-hosting on the consequences of cross-listing. Taken together, our findings suggest that hosting the Olympics improves the international reputation of the host country, which helps firms domiciled in that country to overcome the liability of foreignness when making cross-listing decisions.

scholarly journals Social media supports tourism development in the COVID-19 normal era in Bandung

2021 ◽  
Vol 5 (3) ◽  
pp. 600-616
Author(s):  
Herpita Wahyuni ◽  
Eko Priyo Purnomo ◽  
Aqil Teguh Fathani
Keyword(s):  
Social Media ◽  
Tourism Development ◽  
Tourism Planning ◽  
New Era ◽  
Tourism Marketing ◽  
City Culture ◽  
Twitter Account ◽  
Use Of Social Media ◽  
Health Regulations

This research focuses on social media. We were using Social Media in Supporting Tourism Development During Covid-19: Case Study a New Era Policy in Bandung. This study uses descriptive qualitative research methods with data sources through the Twitter account of the Bandung City Culture and Tourism Office @DisbudparBdg assisted by the NVivo 12 Plus software. We are utilising Social Media to Support Tourism Development During Covid-19: A Case Study of New Era Policy in Bandung by measuring the use of social media in tourism planning, creation, integration, and marketing strategy. This research shows tourism planning in a new standard era by directing outdoor tourism and implementing health protocols. The Tourism Promotion Board integrates cooperation between the Bandung City Culture and Tourism Office and PT Kereta Api Pariwisata. Tourism marketing by providing tourist information can give tourists confidence that Bandung is an attractive and robust destination city in improving health regulations and strictly following health protocol rules during recreation.

scholarly journals An Analysis of Host Country Characteristics that Determine FDI in Developing Countries: Recent Panel Data Evidence

2009 ◽  
Vol 14 (2) ◽  
pp. 71-96 ◽  
Author(s):  
Muhammad Tariq Majeed ◽  
Eatzaz Ahmad
Keyword(s):  
Developing Countries ◽  
Panel Data ◽  
Multinational Corporations ◽  
Host Country ◽  
Negative Impact ◽  
Positive Impact ◽  
Negative Effects ◽  
Host Countries ◽  
Country Characteristics ◽  
General Method Of Moments

This paper analyzes a range of host country characteristics that determine foreign direct investment (FDI) flows to developing countries, using panel data on 72 countries for the period 1970-2008. Keeping in view the endogeneity problem of the chosen host country’s characteristics, the model is estimated using the General Method of Moments (GMM) technique. The analysis shows that gross domestic product (GDP), economic growth, and per capita income positively affect FDI—a result consistent with the market-seeking behavior of multinational corporations (MNCs). Furthermore, we find that remittances have a significant and positive impact on FDI. On the other hand, inflation and the balance of payments deficit have negative effects on FDI. MNCs are attracted to host countries that are outward looking and follow trade-promoting policies. This is confirmed by the positive effect of openness on FDI flows to developing countries. The study also finds that the effect of military expenditures on FDI is negative and significant. Finally, our analysis finds that the real exchange rate has a significantly negative impact on FDI.

Determinants of Skill Levels of Farm Youth with regard to Agripreneurship: A Multinomial Regression Approach

2022 ◽  
Vol 58 (1) ◽  
pp. 58-62
Author(s):  
Pranoy Ray ◽  
R. S. Panigrahi ◽  
Simantini Shasani
Keyword(s):  
Social Media ◽  
Composite Index ◽  
Media Exposure ◽  
Rural Youth ◽  
Annual Income ◽  
Multinomial Regression ◽  
Climatic Zones ◽  
Skill Levels ◽  
Regression Approach ◽  
Skill Dimensions

This study investigated various determinants of the differential level of skill as perceivedby farm youth engaged in agripreneurship. The existing agripreneurial skill levels weredelineated by developing a composite index constituting of 5 skill dimensions. Purposivesampling was adopted to select the rural youth belonging to farming background andinvolved in agripreneurship for higher income in five districts of Odisha representing fivedifferent agro-climatic zones. A total of 250 farm youth was sampled from the selected 10blocks. The findings of the study revealed that, annual income from primary occupation,agripreneurial training, social media exposure and agripreneurship experience havesignificantly affected the existing level of skill possessed by farm youth with regard toagripreneurship. The findings affirm the need for extension personnel to understand theexisting skill level, capacities, abilities of farm youth along with the factors determiningthem in order to create awareness and build capacities required for agripreneurship.

Effects of content characteristics on stages of customer engagement in social media: investigating European wine brands

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Aspasia Vlachvei ◽  
Ourania Notta ◽  
Eirini Koronaki
Keyword(s):  
Social Media ◽  
Data Analysis ◽  
Panel Data ◽  
Panel Data Analysis ◽  
Customer Engagement ◽  
Content Type ◽  
Interactive Engagement ◽  
Long Run ◽  
Three Stages ◽  
The Impact

PurposeThis study advances knowledge of interactive marketing strategies by examining the effect of different content types on the three stages of customer engagement (CE) in social media, namely, relationship formation, engagement creation and engagement contribution, for European wine brands.Design/methodology/approachBoth quantitative and qualitative content analyses are conducted; a panel data analysis validates the impact of content type on the three stages of CE in social media.FindingsThe results indicate that remunerative content is the most consistent and promising strategy for enhancing all three stages of CE in social media. Social content motivates consumers to interact with wine brands by commenting, which is the most demanding and time-consuming form of engagement.Practical implicationsThe empirical results offer valuable directions for managers and marketers of European wine brands on creating and maintaining optimal interactive engagement in all three stages with their Facebook communities over the long run.Originality/valueThis study is one of the first to empirically examine, through objective measurement, how content type affects the three stages of CE in social media. The case of European wine brands is examined, over time, through a panel data analysis.

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