scholarly journals An Assessment of the Impact of the Tourism Sector on Regional Economic Development in Gauteng Province, South Africa

2021 ◽  
Author(s):  
Daniel F. Meyer
Keyword(s):  
Economic Growth ◽  
South Africa ◽  
Small Businesses ◽  
Growth And Development ◽  
Local Market ◽  
Gauteng Province ◽  
Economic Growth And Development ◽  
Tourism Sector ◽  
Effective Policy ◽  
The Impact

South Africa is facing three main developmental problems, including high levels of poverty, unemployment, and inequality. The tourism sector allows for a relatively easy entry into the local market for small businesses and entrepreneurs and has the potential to create jobs and subsequently, income. Tourism development could be utilised as a driver for economic growth and development. The main objective of this research was to assess the impact of the tourism sector on economic growth and development in South Africa, focusing on the Gauteng Province which, is the economic hub of the country and even Africa. The methodology utilised was based on a quantitative design, using secondary time series pooled panel data approach including, all the municipal entities in the region. Annual data from 2000 to 2019 were used to analyse the impact of tourism on economic growth and development. Tourism variables include measurements such as tourism spending and international tourism trips. Results confirm the tourism-growth nexus and the sector allows ease of market entry for small businesses, resulting in employment creation and income for the poor in developing regions if promoted via effective policy implementation, even in regions where tourism is not the leading sector.

scholarly journals The Incidence of the Cost of Increasing the Capacity of an Urban Water System

1974 ◽  
Vol 3 (2) ◽  
pp. 151-161
Author(s):  
Frank Goode
Keyword(s):  
Economic Growth ◽  
Urban Communities ◽  
Growth And Development ◽  
Water System ◽  
The Good Life ◽  
Economic Growth And Development ◽  
Urban Water System ◽  
Rural And Urban ◽  
The Cost ◽  
The Impact

Rural and urban communities alike are adopting, formally or informally, “no-growth” policies. The residents of these communities share a set of beliefs concerning the impact of economic growth and development on their community. These residents also share a set of values concerning what constitutes the good life for them. The “no-growth” policies result because of a conflict between the values held by the residents and their beliefs concerning the impacts of economic growth and development. One of the beliefs shared by many of these residents is that economic growth and development will require an expansion of various public service systems such as water and sewer. In addition, these residents believe that they will be required to pay much of the cost involved in expanding the systems even though they will receive few, if any, of the benefits. In essence, the residents of these communities are concerned with the incidence of the cost of system expansion.

scholarly journals Role of tourist motivation as mediating variable on visitor decisions at Indonesian tourism village

2021 ◽  
Vol 17 (3) ◽  
pp. 88-98
Author(s):  
Martaleni Martaleni ◽  
Ernani Hadiyati ◽  
Yussi Isna Pertiwi ◽  
Ni Nyoman Kerti Yasa
Keyword(s):  
Economic Growth ◽  
Developing Countries ◽  
Growth And Development ◽  
The Other ◽  
Tourist Attractions ◽  
Economic Growth And Development ◽  
Tourism Sector ◽  
Global Force ◽  
Tourist Village

The tourism sector has become a truly global force for promoting economic growth and development. Therefore, the study of tourism has become an interesting topic for researchers lately. On the other hand, local tourism, generally in developing countries, is often neglected by academics and policymakers. For this reason, this study aims to examine and analyze the role of tourist motivation in mediating accessibility, amenities, and attractions on visiting decisions. This study is a survey research with an explanatory method. The population is tourists who visit the tourism village of Bumiaji, Indonesia, in the low and busy seasons. The population is infinite and the number of respondents who were interviewed is 100 respondents; data were collected by distributing questionnaires to domestic tourists who came from outside the tourist village of Bumiaji, then the data were processed and analyzed using Warp Partial Least Squares. The findings indicate that the effect of accessibility on visiting decisions is not mediated by tourist motivation. This shows that the decision of tourists to visit can be directly influenced by the time and means of transportation available. Meanwhile, the influence of amenities and attractions on the decision to visit is mediated by the motivation of tourists. This means that amenities and attractions can influence a tourist’s decision to visit if there is an urge from tourist to relax or make friends or enjoy the culture at tourist attractions, etc.

scholarly journals Foreign Aid and Economics Development Nexus: The Case of Sierra Leone

2021 ◽  
Vol 9 (6) ◽  
pp. 219-233
Author(s):  
Ezekiel Kalvin Duramany-Lakkoh
Keyword(s):  
Economic Growth ◽  
Foreign Aid ◽  
Sierra Leone ◽  
Growth And Development ◽  
Secondary Data ◽  
Empirical Estimation ◽  
Economic Growth And Development ◽  
Long Run ◽  
Short Run ◽  
The Impact

This study investigates the impact of foreign aid on economic growth in Sierra Leone using cointegration and error correction methodology by Johansen and Juselius (1990). Utilizing secondary data for the period 1970 to 2018, the empirical estimation revealed that foreign aid in Sierra Lone is positively and significantly related to economic growth both in the short run and long run, confirming the importance of the study. The policy implication of the study is that the Sierra Leone government should seek more foreign aid to accelerate economic growth and development.  

THE UNIQUE OBSTACLES OF FEMALE ENTREPRENEURSHIP IN THE TO URISM INDUSTRY IN WESTERN CAPE, SOUTH AFRICA

2016 ◽  
Vol 13 (2) ◽  
pp. 55-71 ◽  
Author(s):  
Zinzi Nxopo ◽  
Chux Gervase Iwu
Keyword(s):  
Economic Growth ◽  
South Africa ◽  
Content Analysis ◽  
Growth And Development ◽  
Tourism Industry ◽  
Government Support ◽  
Western Cape ◽  
Female Entrepreneurs ◽  
Economic Growth And Development ◽  
Accommodation Sector

The intention of this article is to identify the obstacles unique to female entrepreneurs in the tourism industry in Western Cape, South Africa. This is against the backdrop that in order to accelerate economic growth and development in South Africa, female entrepreneurs should also be considered as important vehicles that can bring about the necessary economic growth and development. Unfortunately, this growth has been stifled due to the high failure rate in the SMME sector; specifically among women. This article used the qualitative deductive approach, utilising in-depth semi-structured interviews, which enabled the participants to disclose important information relating to the study. The data were analysed qualitatively using themes. For effect, this article also made use of content analysis because of its significance in qualitative studies.Three themes emerged from content analysis. These include demographic factors; socio-economic factors and culture. The findings have shown primarily that the factors that impede female entrepreneurs differ from sector to sector. Within the Western Cape Tourism industry, specifically the accommodation sector, unique obstacles abound. While the authors acknowledge that the obstacles faced by female entrepreneurs are unique to this sector, they are equally mindful of therepercussions of a generalisation of the findings. To this end, we suggest that a broader study be conducted to compare factors that impede entrepreneurship in other provinces in South Africa and/or draw a comparison between males and females. This article undoubtedly has value not simply because it is gender biased, but also because by highlighting the unique challenges and barriers faced by female entrepreneurs, there could be better government support for female entrepreneurs in general and especially those in the accommodation sector in the Western Cape.

Does County Form of Government Impact Economic Growth and Development Trends? The Case of Four States

2016 ◽  
Vol 48 (3) ◽  
pp. 245-259 ◽  
Author(s):  
Stephanie A. Pink-Harper
Keyword(s):  
Economic Growth ◽  
Environmental Factors ◽  
Growth And Development ◽  
Ordinary Least Squares ◽  
Least Squares Regression ◽  
Development Trends ◽  
Economic Growth And Development ◽  
Form Of Government ◽  
Primary Focus ◽  
The Impact

Counties have expanded the scope of their activities in the economic development process. However, limited research exists of the factors that influence economic growth and development trends of these unique communities. The primary focus of this case study analysis is to determine whether form of government has an impact on county economic growth and development trends while controlling for environmental context and demographic characteristics in Alabama, Pennsylvania, Illinois, and Washington. To empirically test the impact that county form of government and environmental factors have on local economic growth and development trends, ordinary least squares regression is used. The results of this study show that form of government has only a marginal impact on county economic growth and development trends. County environmental factors are found to have a more substantive impact on the economic growth and development trends of counties across these four states.

scholarly journals What Are The Channels Through Which Bank Liquidity Creation Affects GDP? Evidence From an Emerging Country

SAGE Open ◽  
2021 ◽  
Vol 11 (2) ◽  
pp. 215824402110223
Author(s):  
Muhammad Umar ◽  
Muhammad Safdar Sial ◽  
Yan Xu
Keyword(s):  
Economic Growth ◽  
Growth And Development ◽  
Government Expenditure ◽  
Financial Intermediaries ◽  
Economic Growth And Development ◽  
Economic Output ◽  
Net Exports ◽  
Emerging Country ◽  
Chinese Banks ◽  
The Impact

Gross domestic product (GDP) depends on myriad factor and financial intermediaries especially banks play a very important role in economic growth and development of a country. They not only lend loans rather also generate liquidity—which is very important for the smooth functioning of an economy. Therefore, this study explores the channels through which bank liquidity creation affects GDP. It uses the data from listed and unlisted Chinese banks ranging from the year 2006 to 2017. The results of the analysis reveal that the liquidity creation by Chinese banks significantly negatively affects economic output. The magnitude of the impact of small-bank liquidity creation is greater than the large banks. Variation in the GDP is explained by current and previous year’s liquidity creation. Cat-fat measure of liquidity creation affects GDP directly as well as through consumption, investment, government expenditure, and net exports channels; however, cat-nonfat measure affects economic output directly and through all aforementioned channels except net exports. Overall, the findings support the hypothesis that liquidity creation affects the economy directly as well as through different channels.

Sign in / Sign up

Export Citation Format

Share Document