SciELO - Scientific Electronic Library Online

 
vol.21 issue1Accurate delta hedging of european options using conformable calculus author indexsubject indexsearch form
Home Pagealphabetic serial listing  

Services on Demand

Journal

Article

Indicators

Related links

  • Have no similar articlesSimilars in SciELO

Share


EconoQuantum

On-line version ISSN 2007-9869Print version ISSN 1870-6622

Abstract

GOMEZ, Mario  and  CANDANO, Lisset. Economic growth, tourism, and economic policy uncertainty in the main tourist destinations (1998-2018). EconoQuantum [online]. 2024, vol.21, n.1, pp.71-86.  Epub May 17, 2024. ISSN 2007-9869.  https://doi.org/10.18381/eq.v21i1.7315.

Objective:

to study the relationship among tourism demand and economic growth, real exchange rate, and economic policy uncertainty (EPU) in Australia China, France, Germany, Italy, Japan, Spain, the United States, and the United Kingdom.

Methodology:

cross-section dependence, unit root, and cointegration tests were applied. The long-term model was estimated according to the Panel-Corrected Standard Error (PCSE), Feasible Generalised Least Squares (FGLS), and Fully Modified Ordinary Least Square (FMOLS).

Results:

the results show a positive relationship between economic growth and the real exchange rate concerning tourism demand. In the long term, the causality relationship is from uncertainty, exchange rate, and GDP to tourism. The feedback hypothesis is validated.

Limitations:

availability of data.

Originality:

it studies the joint influence of economic growth and the EPU on demand for tourism in the countries of the world’s leading destinations for international tourism according to international tourist income.

Conclusions:

tourism will drive general economic growth and, correspondingly, investment in other sectors of the economy will also influence an increase in tourism.

Keywords : tourism; economic growth; uncertainty; causality; panel data; heterogeneous panel; Z30; O40; C01.

        · abstract in Spanish     · text in English