The Blue Economy and Its Long-Term Competitive Advantage

2021 ◽  
pp. 136-158
Author(s):  
Haoming Zhang ◽  
Rob Kim Marjerison ◽  
Yuxi Zhao
Keyword(s):  
Quality Management ◽  
Tourism Industry ◽  
Coastal Tourism ◽  
Coastal Regions ◽  
Service Characteristics ◽  
Long Run ◽  
Service Quality Management ◽  
Blue Economy ◽  
Tourism Service

This chapter seeks to determine whether China's coastal tourism industry can remain competitive in the long run under the blue economy ideology. Current literature claims that when the ocean becomes over-commercialized by the tourism industry, it can potentially lose its pristine amenities, which tourists are attracted to in the first place. By surveying both coastal tourists and residents regarding their stakeholders, coastal resources, and tourism service characteristics, this chapter concludes that such a threat is not impeding progress because coastal tourists and residents have not only overlapping desires but also have interchangeable identities. By conducting tourism service quality management, China's coastal regions have the potential to satisfy both tourists and residents' needs simultaneously by taking advantage of the blue economy transition.

BLUE ECONOMY AND ITS LONG TERM COMPETITIVE ADVANTAGE

2020 ◽  
Vol 7 (1) ◽  
pp. 66-81
Author(s):  
Rob Kim Marjerison ◽  
Yuxi Zhao ◽  
Haoming Zhang
Keyword(s):  
Economic Development ◽  
Online Survey ◽  
Tourism Industry ◽  
Economic Decline ◽  
Service Characteristics ◽  
Stakeholder Groups ◽  
Long Run ◽  
Blue Economy ◽  
Tourism Service

Purpose: This study seeks to determine whether China’s coastal tourism industry can remain competitive in the long run under the blue economy ideology. Specifically, the motivations and perceptions of various stakeholder groups are explored to empirically test the generalizability of consensus of the current literature for the case of China, which tends to find that when the ocean becomes over-commercialized by the tourism industry, it can potentially lose its pristine amenities, which tourists are attracted to in the first place. Methodology: Quantitative data was gathered through an online survey completed by both coastal tourists and residential stakeholders regarding their views, use and intended use of coastal resources, and tourism service characteristics. The data were analyzed using a series of statistical-based processes to determine the validity and significance of the findings. Findings: This study concludes that the threat of overdevelopment is not impeding progress and need not result in overdevelopment based economic decline because coastal tourists and residents not only have overlapping desires but also have interchangeable identities. Implications: By conducting tourism service quality management and by taking advantage of the blue economy transition, China’s coastal regions have the potential to satisfy both tourists and residents’ needs simultaneously. Originality: There is ample research in the areas of tourism-based economic development and coastal area development, but there is a gap in the recent literature on the specific topic of tourism-based economic development of coastal areas in China. This study seeks to begin the work of addressing that gap.

An assessment of the labor force of Cua Lo town, Nghe An province

2020 ◽  
Vol 65 (8) ◽  
pp. 164-174
Author(s):  
Vinh Luong Thi Thanh ◽  
Huyen Le Thi
Keyword(s):  
Economic Development ◽  
Labor Force ◽  
Human Resource Development ◽  
Development Policy ◽  
Development Process ◽  
Tourism Industry ◽  
Labor Resources ◽  
Tourism Service ◽  
The Town

The labor force is the driving force of the socio-economic development process. Cua Lo is one of three towns with a fairly developed economy of Nghe An province, tourism service activities thrive. People's lives are progressively improved, the demand for workers in tourism industry. However, the labor force of the town does not meet the requyrements of the market in both quantity and quality. Therefore, the assessment of the current situation of labor resources will contribute to address immediate and long-term requyrements in the town's human resource development policy. This article has focused on evaluating labor resources for economic development in Cua Lo town in the period of 2008 - 2018 according to the criteria: scale, increase, structure, distribution, quality, limitations and solutions of using labor resources in the town on the next stage.

Can inbound medical tourism boost Malaysia’s economic growth?

2016 ◽  
Vol 18 (4) ◽  
pp. 505-513 ◽  
Author(s):  
Chor Foon Tang ◽  
Ahmad Sofwan Nathan Abdullah
Keyword(s):  
Economic Growth ◽  
Medical Tourism ◽  
Positive Impact ◽  
Decomposition Analysis ◽  
Tourism Industry ◽  
Negative Externalities ◽  
Long Run ◽  
Variance Decomposition Analysis ◽  
The Impact

Medical tourism is an extensively researched sub-sector of the tourism industry because of its acknowledged role as an important catalyst for economic growth. Nevertheless, the impact of medical tourism on economic growth remains contentious due to associated negative externalities. This paper assesses medical tourism’s role in Malaysia’s long-term economic growth using a neoclassical growth model as its framework and a set of time series econometric approaches, namely cointegration, Granger causality and variance decomposition analysis as core instruments. The results indicate that medical tourism has significant positive impact on Malaysia’s economic growth in the long run.

The Risk Perception of Family Business Owner-Manager in the Tourism Industry

2021 ◽  
pp. 126-153
Author(s):  
Gundula Glowka ◽  
Martin Tusch ◽  
Anita Zehrer
Keyword(s):  
Decision Making ◽  
Risk Perception ◽  
Qualitative Interviews ◽  
Tourism Industry ◽  
Business Owner ◽  
Complex Task ◽  
Long Run ◽  
Decision Making Processes ◽  
High Degree

Successfully dealing with risk has become a major challenge for firms to stay competitive in the long run. The tourism industry is vulnerable to any crisis and therefore has to deal with a high degree of uncertainty including many risks. The Alpine tourism industry is shaped by small and medium-structured family businesses. Such firms have more informal decision-making processes and more generations involved, while risk taking depends on the decisions of an owner-manager. Understanding the risk perception owner-managers is thus a complex task. This study conducts n=12 qualitative interviews with senior and junior owner-managers of family SME in tourism. Understanding the risk perception for tourism family SME might therefore contribute to build resilience and long-term competitiveness.

Will your majesty marry me? The effect of royal weddings on the tourism industry

2021 ◽  
pp. 135481662110043
Author(s):  
James Raad ◽  
Abhinav Sharma ◽  
Juan L Nicolau
Keyword(s):  
Direct Effect ◽  
Service Providers ◽  
Tourism Industry ◽  
Short Term ◽  
Brand Knowledge ◽  
Managerial Implications ◽  
Tourism Service ◽  
The One ◽  
Long Term Impact

This article fills a void in the literature by investigating the impacts of royal weddings—arguably the grandest and the most iconic of public ceremonies involving royals—on destination-level brands. The direct and short-term effects of royal families and indeed the direct effect of seminal events involving the royals on destination-level accommodations and tourism service providers are more somewhat obvious. However, the more intriguing question and the one which we are more concerned with is: do royal weddings leave a more enduring legacy on the local tourism industry? The engagement announcement and the wedding date produce significant positive increases in the valuation of the home country’s tourism firms. Important managerial implications are derived in line with the long-term impact of unique events on tourism firms’ performance and the transference of brand knowledge from the destination to the companies is effective.

scholarly journals Empirical Analysis of the Relationship Between the Development of China's Tourism Industry and Economic Growth Based on VAR Model

2021 ◽  
Vol 12 (4) ◽  
pp. 100
Author(s):  
Lianfeng Zhang ◽  
Yuriy Danko ◽  
Jianmin Wang ◽  
Zhuanqing Chen
Keyword(s):  
Economic Growth ◽  
Time Series Data ◽  
Tourism Development ◽  
Tourism Industry ◽  
Series Data ◽  
Var Model ◽  
Long Run ◽  
Equilibrium Relationship ◽  
The Relationship

The relationship between tourism development and economic growth has been a hot topic in the field of tourism economy in recent years, and whether there is a long-term equilibrium relationship between tourism development variables and economic variables (usually GDP) is also a hot topic. By identifying the long-term equilibrium relationship between two variables, we can find the quantitative variation law (generally effect) of one variable with the other. Based on the vector autoregression of the time series data of China's tourism development from 2000 to 2019, it is found that there is a long-term equilibrium relationship between China's tourism foreign exchange income and domestic tourism gross income and their respective GDP, and the long-term effect is 99% respectively. Through the establishment of the VAR model for the development of China's tourism industry and economic growth, in the long run, they have a balanced relationship of mutual promotion, so as to further guide the development of China's tourism.

Infrastructure mortgage in Russia: Opportunities and prospects

2019 ◽  
pp. 114-133
Author(s):  
G. I. Idrisov ◽  
Y. Yu. Ponomarev
Keyword(s):  
Federal Government ◽  
Public Debt ◽  
Budget Deficit ◽  
Expert Assessment ◽  
Inflation Expectations ◽  
Direct Impact ◽  
Long Run ◽  
Gdp Growth Rate ◽  
Negative Effect

The article shows that depending on the goals pursued by the federal government and the available interbudgetary tools a different design of infrastructure mortgage is preferable. Three variants of such mortgage in Russia are proposed, each of which is better suited for certain types of projects and uses different forms of subsidies. According to our expert assessment the active use of infrastructure mortgage in Russia can increase the average annual GDP growth rate by 0.5 p. p. on the horizon of 5—7 years. In the long run the growth of infrastructure financing through the use of infrastructure mortgage could increase long-term economic growth by 0.9 p. p., which in 20—30 years can add 20—30% of GDP to the economy. However, the change in the structure of budget expenditures in the absence of an increase in the budget deficit and public debt will cause no direct impact on monetary policy. The increase in the deficit and the build-up of public debt will have a negative effect on inflation expectations, which will require monetary tightening for a longer time to stabilize them.

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