Relationship Between ICT and Tourism

The relationship between tourism and information and communication technology (ICT) is called electronic tourism or e-tourism. The use of ICT makes markets from local to global and has a positive effect in increasing the market share of firms. Managing, planning, developing, and marketing tourism data through ICT increase the development and economic potential of tourism. ICT has provided the strategic management of all tourism-oriented companies and revolutionized the operations within the tourism distribution channel, causing tourism-related stakeholders to reassess their actions and positions. The purpose of this chapter is to reveal the relationship between ICT and tourism in the case of 14 Mediterranean countries from approximately 1995–2019. Dumitrescu and Hurlin Panel causality test was used for this analysis. The main findings indicate that ICT stimulates tourism that, in turn, boosts ICT even further in some countries (Algeria, Egypt, Morocco, Tunisia, and Turkey).

PENGUJIAN WAGNER'S LAW VERSUS KEYNESIAN HYPOTHESIS: PENDEKATAN REGIONAL INDONESIA

Convergence: The Journal of Economic Development ◽

10.33369/convergence-jep.v2i2.14174 ◽

2021 ◽

Vol 2 (2) ◽

pp. 181-193

Author(s):

Esti Pasaribu ◽

Septriani Septriani

Keyword(s):

Government Expenditure ◽

Granger Causality Test ◽

Empirical Theory ◽

Causality Test ◽

Wagner’S Law ◽

Long Run ◽

Wagner's Law ◽

The Government ◽

The Relationship ◽

In this paper, we tested the Wagner’s Law against the Keynesian Hypothesis for Indonesia using granger causality test. After conducting theoretical and empirical theory, this paper is analysing the relationship between government expenditure and GDP percapita. The long run parameters and causality test found valid Wagners’ Law in Indonesia not Keynesian Hypothesis. The results reveal a positive and statistically significant long run effect running from economic growth toward the government expenditure refer to Wagner’s Law in Indonesia. Further more, the growth of population is giving a positive effect for government expenditure also.

Theoretical and Applied Mathematics in International Business - Advances in Business Strategy and Competitive Advantage ◽

The Relationship Between R&D Expenditures and Economic Growth ın OECD Countries With Different Causality Tests

10.4018/978-1-5225-8458-2.ch006 ◽

2020 ◽

pp. 107-118

Author(s):

Gökhan Karhan

Keyword(s):

Economic Growth ◽

Research And Development ◽

Oecd Countries ◽

Causality Test ◽

Panel Causality ◽

Rolling Window ◽

Causality Tests ◽

Mathematical Techniques ◽

Rolling Windows ◽

In this chapter, the relationship between research and development (R&D) expenditures and economic growth was investigated with both Emirmahmutoğlu and Köse Causality test and the Dimitrescu and Hurlin Panel Causality test based on Rolling Windows Regression for the selected 19 OECD member countries for the period 1996-2015. The results concluded that for all panel there is a causality from economic growth to R&D expenditures. In this study, the relationship between variables was investigated using different mathematical techniques like rolling windows. According to the results of the Dimitrescu and Hurlin Panel Causality Test based on Rolling Window Regression, which is applied differently from other studies in the literature, there was a causality from economic growth to R&D expenditures in 2010. In 2011, there was causality from R&D expenditures to economic growth for all panels.

Tourism and Economic Growth in G10 Countries

Tourism ◽

10.37741/t.69.1.8 ◽

2021 ◽

Vol 69 (1) ◽

pp. 112-126

Author(s):

Uğur Korkut Pata

Keyword(s):

Economic Growth ◽

Sustainable Development ◽

Annual Data ◽

Negative Events ◽

Economic Activities ◽

Causality Test ◽

Panel Causality ◽

Tourism Sector ◽

Causality Relationship ◽

This study proposes an asymmetric panel causality test to analyze the relationship between tourist arrivals and economic growth. To this end, annual data over the period 1995–2017 are examined for the G10 countries. The findings demonstrate that the relationship between tourism and economic growth varies according to positive and negative shocks. In terms of positive shocks, tourism development causes economic growth. The study also finds a bidirectional causality relationship between the negative shocks of the variables. Therefore, positive developments in tourism contribute to economic growth, while negative events in tourism impede growth. In sum, tourism is strongly linked to economic activities in G10 countries, and thus policymakers should attach importance to the tourism sector in order to support sustainable development.

The Impact of ICT and FDI as Drivers to Economic Growth In ASEAN-8 Countries: A Panel Regression Analysis

International Journal of Industrial Management ◽

10.15282/ijim.9.0.2021.5958 ◽

2021 ◽

Vol 9 ◽

pp. 91-98

Author(s):

Noraina Mazuin Sapuan ◽

Mohammad Rahmdzey Roly

Keyword(s):

Economic Growth ◽

Economic Development ◽

Regression Analysis ◽

Panel Regression ◽

Information And Communication ◽

Asean Countries ◽

Using Data ◽

The Impact ◽

The Relationship ◽

Over the last few years, information and communication technology (ICT) has become a key catalyst for economic growth. The durability of this technology is demonstrated by the rapid proliferation of the Internet, mobile phones and cellular networks across the globe. However, among economic scholars, the question of exactly how the spread of ICT affects economic development and FDI, especially in ASEAN countries with differences in levels of income, remains unanswered. The aim of this study was essentially to explore the relationship between ICT dissemination, FDI and economic growth in ASEAN-8 countries. By using data from 2003 to 2017, the panel regression analysis was used to evaluate these relationships. The results showed that the dissemination of ICT and FDI are important and they have a positive effect on the ASEAN-8 countries’ economic development.

ICT, infrastructure, and tourism development in Africa

Tourism Economics ◽

10.1177/1354816619827712 ◽

2019 ◽

Vol 26 (1) ◽

pp. 97-114 ◽

Cited By ~ 3

Author(s):

Ogechi Adeola ◽

Olaniyi Evans

Keyword(s):

Tourism Development ◽

Region Of Origin ◽

Dynamic Panel ◽

Habit Persistence ◽

Infrastructural Development ◽

Information And Communication ◽

Ict Infrastructure ◽

The Relationship ◽

Positive Effect ◽

Relevant Factors

This study examines the relationship between information and communication technology (ICT), infrastructure, and tourism development in Africa between 1996 and 2016 using a dynamic panel gravity model. Our findings show that ICT and infrastructure have a positive, statistically significant relationship with tourism development; as ICT and infrastructure increase, the level of tourist arrivals also increases. This study also identifies relevant factors including bilateral real exchange rate and gross domestic product per capita of the origin countries, suggesting a major role for the variables measured in the region of origin and for those that serve as a comparison between origin and destination. The effect of distance is statistically significant and negative: countries farthest from the origin countries generate less tourism demand, given the higher transportation costs. Repeat tourism (or habit persistence) and natural resources show a significant and positive effect on tourism development. Overall, the empirical results provide evidence that ICT and infrastructural development have opened huge opportunities for growing and strengthening tourism in Africa.

An Analysis of the Market Share-Profitability Relationship

Journal of Marketing ◽

10.1177/002224299305700301 ◽

1993 ◽

Vol 57 (3) ◽

pp. 1-18 ◽

Cited By ~ 49

Author(s):

David M. Szymanski ◽

Sundar G. Bharadwaj ◽

P. Rajan Varadarajan

Keyword(s):

Market Share ◽

Meta Analysis ◽

Model Specification ◽

Profit Model ◽

Building Market ◽

Business Profitability ◽

Sample Characteristics ◽

The Relationship ◽

Positive Effect ◽

Share Information

A number of researchers in the marketing, management, and economics disciplines have expressed reservations regarding the validity and generalizability of the reported relationships between market share and profitability. Against this backdrop, the authors performed a meta-analysis on 276 market share-profitability findings from forty-eight studies to address whether market share and profitability are positively related and to examine the factors that moderate the magnitude of that relationship. The authors found that, on average, market share has a positive effect on business profitability. However, the magnitude of the market share-profitability relationship is moderated by model specification errors, sample characteristics, and measurement characteristics. The relationship is moderated the most (and, on average, the relationship could be artifactual) when firm-specific intangible factors are specified in the profit model or the estimate of the market share-profitability relationship is based on an analysis of non-PIMS businesses. The authors discuss the implications of these results for the evaluation and utilization of market share information by managers in reference to strategies that focus on building market share as a means for increasing profits.

INDUSTRIAL DIVERSIFICATION AND FIRM PERFORMANCE OF MANUFACTURING: DOES EFFICIENCY MATTER?

TRIKONOMIKA ◽

10.23969/trikonomika.v17i2.1146 ◽

2018 ◽

Vol 17 (2) ◽

pp. 72

Author(s):

Rahmat Setiawan ◽

Riska Agustin

Keyword(s):

Firm Performance ◽

Market Share ◽

Sampling Method ◽

Positive Relationship ◽

Significant Positive Effect ◽

Manufacturing Companies ◽

Industrial Diversification ◽

Relationship Of ◽

The Relationship ◽

Industrial diversification is one of the important strategies in developing the firm’s market share which is expected to improve firm’s performance. When a firm wants to diversify the industry, it requires knowledge and efficiency of managers in managing the strategy so that it can increase the benefits of the existence of industrial diversification relationship with firm’s performance. This study aims to examine the effect of efficiency on the relationship between industrial diversification and firm’s performance in manufacturing companies in Indonesia. By using the purposive sampling method and the 2012-2016 study periods, we obtained data from 70 manufacturing companies with a total of 253 observations. We found that industrial diversification had a significant positive effect on firm’s performance. Efficiency as a moderating variable shows that efficiency strengthens the positive relationship of industrial diversification on firm performance.

Is category management in small supermarkets worth the effort?

Revista de Administração de Empresas ◽

10.1590/s0034-75902013005000005 ◽

2013 ◽

Vol 53 (6) ◽

pp. 592-603 ◽

Cited By ~ 4

Author(s):

Leandro Angotti Guissoni ◽

Matheus Alberto Consoli ◽

Jonny Mateus Rodrigues

Keyword(s):

Quantitative Analysis ◽

Emerging Markets ◽

Market Share ◽

Small Neighborhood ◽

Category Management ◽

The Relationship ◽

Positive Effect ◽

Food Manufacturer

Category management (CM) is an important tool to strengthen the relationship between manufacturers and retailers. This process has been associated with large corporate retailers; however, some recent researches show that CM is open to companies of any type or size. This possibility is important in emerging markets, where neighborhood supermarkets are still representative and are often considered an alternative for manufacturers to achieve higher margins compared to big chains. In this context, the aim of this research was to analyze the results of a CM initiative in small neighborhood supermarkets from a manufacturer perspective. Data for the study comes from a food manufacturer in Brazil that implemented a CM process with 180 small retailers. A quantitative analysis was conducted in order to analyze the effect of the program on the food manufacturer' s sales and market share. Our analysis suggests an overall positive effect of the program on both, sales and market share.

Health Expenditure-Economic Growth Relationship in OECD Countries

International Conference on Eurasian Economies 2020 ◽

10.36880/c12.02370 ◽

2020 ◽

Author(s):

Mustafa Batuhan Tufaner ◽

Fatma Dizge ◽

Zeynep Emir

Keyword(s):

Economic Growth ◽

Developing Countries ◽

Capital Accumulation ◽

Health Expenditure ◽

Health Expenditures ◽

Oecd Countries ◽

Causality Test ◽

Cross Sectional ◽

Panel Causality ◽

Capital accumulation is one of the most important components of economic growth. Health expenditure is also one of the ways to increase capital accumulation and thus economic growth. Therefore, the relationship between health expenditure and economic growth is of great importance especially for developing countries. In this context, the relationship between health expenditures and economic growth was investigated for the period 2000-2016 and for 36 OECD countries. For this purpose, firstly unit root tests were performed in the study and then panel cointegration and panel causality tests were applied to determine the relationship between the two variables. Since there was a cross-sectional dependence in the variables, second-generation panel tests were used. As a result of the cointegration test, it is understood that there is no cointegration relationship between health expenditures and economic growth. The panel causality test revealed that there was no causality from health expenditures to economic growth, but there was a causality relationship from economic growth to health expenditures. Findings from the study show that health expenditure does not affect economic growth, but economic growth increases health expenditure in the short term. Therefore, it can be stated that developing countries have the advantage of time to increase the quality of health services.

A panel causality analysis of the relationship between financial development and economic growth in OECD countries

Business And Management Studies An International Journal ◽

10.15295/bmij.v9i2.1817 ◽

2021 ◽

Vol 9 (2) ◽

pp. 662-672

Author(s):

Sevilay Küçüksakarya

Keyword(s):

Economic Growth ◽

Private Sector ◽

Financial Development ◽

Gdp Growth ◽

Causality Test ◽

Panel Causality ◽

Per Capita Gdp ◽

Domestic Credit ◽

Per Capita ◽

This study examines the relationship between financial development and economic growth. Thus, this study aims to find empirical shreds of evidence for the direction of the causality between financial development proxied by domestic credit to the private sector and per capita GDP growth by using the panel granger causality test of the Dumitrescu-Hurlin Test. For this purpose, we used a panel of 16 OECD countries from 2008 to 2019 to provide evidence of whether the supply leading hypothesis or demand following hypothesis or both holds. All econometric exercises are carried out for whole countries and high-income countries, and upper-middle-income country groups in the sample. Due to cross-sectional dependence among the sample countries, we determine the degree of integration of each variable by employing the second-generation panel unit root tests of CIPS. We continue our analysis with the panel causality test developed by Dumitrescu and Hurlin (2012) to determine the direction of the causality between variables. For this purpose, we performed three sets of causality analyses. In the first one, we include all countries in the panel. We then divided the countries into two sub-groups based on the income classification and the level of financial development in these countries proxied by domestic credit to the private sector. The causality test results, including all countries in the sample, indicate that the hypothesis holds the supply leading hypothesis during the sample period. This means that even though this panel contains countries with a development level, financial development still seems to be a pre-condition for economic growth for these nations. We also obtain the same results when we include high-income countries in the sample. The study results provide compelling evidence for the relationship between economic growth and financial development since the sample includes countries with different levels of financial development with different degrees of per capita GDP growth.