TY - JOUR
T1 - A revised perspective on tourism-economic growth nexus, exploring tourism market diversification
AU - Saboori, Behnaz
AU - Ghader, Zahed
AU - Soleymani, Abdorreza
N1 - Publisher Copyright:
© The Author(s) 2022.
PY - 2022/10/16
Y1 - 2022/10/16
N2 - In this study for the first time, we examined the effect of tourism market diversification (TMD) on economic growth for 109 countries categorized by income groups. Employing Quantile regression, the results revealed that TMD contributes to the economic growth of low- and lower-middle-income countries only at the lower, and lower-to-intermediate quantiles. In high-income countries, TMD not only has no significant effect on economic growth at lower quantile of GDP, but its effect tends to be negative at higher quantiles. Our findings indicated that TMD strategies work better at lower levels of economic growth than at higher levels of economic growth.
AB - In this study for the first time, we examined the effect of tourism market diversification (TMD) on economic growth for 109 countries categorized by income groups. Employing Quantile regression, the results revealed that TMD contributes to the economic growth of low- and lower-middle-income countries only at the lower, and lower-to-intermediate quantiles. In high-income countries, TMD not only has no significant effect on economic growth at lower quantile of GDP, but its effect tends to be negative at higher quantiles. Our findings indicated that TMD strategies work better at lower levels of economic growth than at higher levels of economic growth.
KW - C22
KW - JEL classification: Z32
KW - O11
KW - economic growth
KW - global context
KW - quantile regression
KW - tourism market diversification
UR - http://www.scopus.com/inward/record.url?scp=85139935617&partnerID=8YFLogxK
UR - http://www.scopus.com/inward/citedby.url?scp=85139935617&partnerID=8YFLogxK
UR - https://www.mendeley.com/catalogue/13aacc2f-5d25-3ba7-8ba9-290ae964e2d1/
U2 - 10.1177/13548166221134183
DO - 10.1177/13548166221134183
M3 - Article
AN - SCOPUS:85139935617
SN - 1354-8166
VL - 29
SP - 1812
EP - 1835
JO - Tourism Economics
JF - Tourism Economics
IS - 7
ER -