Tourism industry and employment generation in emerging seven economies
Evidence from novel panel methods
Bibliographic Data
| ID | 15067079 |
|---|---|
| Authors | Jinfang Zhao (0009-0001-6294-9807, Tourism College of Zhejiang), Dongxu Yang (0000-0001-5352-7197, Tourism College of Zhejiang), Xia Zhao (0000-0003-2403-6924, Tourism College of Zhejiang), Minghua Lei (0000-0002-7183-4825, Woosong University, corresponding author) |
| Year | 2023 |
| Volume | 36 |
| Issue | 3 |
| Publication date | 2023-12-25 |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Economic Research-Ekonomska Istraživanja (JOURNAL) |
| Journal identifiers | ISSN: 1331-677X • E-ISSN: 1848-9664 |
| Publisher | Informa UK Limited (PUBLISHER • GB) |
| DOI | 10.1080/1331677x.2023.2206471 |
| OpenAlex | W4381250964 |
| Language | EN |
| Citations received | 4 |
| References cited | 52 |
To analyze E-7 economies, the authors employ panel data and relevant panel data econometrics approaches for long-run relationships Mean group, fully modified and dynamic OLS (MG, FMOLS, DOLS) to monitor changes over time between variables, which is important in actual studies. The models’ primary findings are as follows: The panel cointegration tests confirm log-run associations among the targeted variables. International tourism has the largest influence on creating direct jobs in the tourist industry. The control variables like FDI and TI increase employment opportunities in the targeted economies. Furthermore, the results confirm that total natural resources reduce employment services in the E-7 economies. Other factors that might affect the performance of the tourist activity are not included in the model. Furthermore, given the availability of official and consistent data, it only includes what has been recorded up to 2020; our target was 2022, but due to data limitation, it covers 2020. The objective is to assess both the significance of tourist-related activities in creating jobs and the effect of tourism on country-level factors where public policy may influence economic activity
Cointegration · Demographic economics · Econometrics · Economics · Economy · Foreign direct investment · Geography · Macroeconomics · Panel data · Tourism · Diverse Aspects of Tourism Research · Energy, Environment, Economic Growth · Fiscal Policy and Economic Growth
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| Citations per year | 4 |
|---|---|
| Citation span | 2025 - 2026 (2) |
| Highly cited | No |