Exploring economic fitness and international tourism receipts
Insights from dynamic panel modeling in EU countries
Bibliographic Data
| ID | 21689442 |
|---|---|
| Authors | Szabolcs Szilárd Sebrek (0000-0002-3625-1456, Corvinus University of Budapest), Betsabé Pérez Garrido (0000-0003-0975-0142, Corvinus University of Budapest), Gábor Michalkó (0000-0003-2495-1858, HUN-REN CSFK Geographical Institute, Hungary; University of Pannonia, Hungary, corresponding author) |
| Year | 2025 |
| Publication date | 2025-09-18 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Tourism Economics (JOURNAL) |
| Journal identifiers | ISSN: 1354-8166 • E-ISSN: 2044-0375 |
| Publisher | SAGE Publications (PUBLISHER • US) |
| DOI | 10.1177/13548166251379650 |
| OpenAlex | W4414329341 |
| Language | EN |
| References cited | 94 |
This study examines the impact of economic fitness (EF) on international tourism performance at the country level. Using a dynamic ordinary least squares regression, we analyze the effect of EF on tourism performance across 12 EU countries from 1990 to 2019. A novel database was constructed using indicators from the World Bank and the European Travel Commission. The findings reveal that EF positively influences tourism performance, measured by international tourism receipts. However, this long-run equilibrium effect is negatively moderated by the dispersion of tourists across sending continents. Additionally, the effect declines over time, suggesting that countries with more flexible and adaptive economies benefited from first-mover advantages in the earlier period. These findings underscore the strategic importance of EF for tourism policymakers. They highlight that a country’s ability to diversify and produce complex goods on a globally competitive scale serves as a strong foundation for sustainable growth in international tourism receipts
Competitive advantage · European union · Ordinary least squares · Panel data · Sustainable tourism · Tourism · Diverse Aspects of Tourism Research · Energy, Environment, Economic Growth · Global trade and economics
Critical Values for Cointegration Tests in Heterogeneous Panels with Multiple Regressors
Managerial cognitive capabilities and the microfoundations of dynamic capabilities
Testing Weak Cross-Sectional Dependence in Large Panels
Asymptotically Efficient Estimation of Cointegration Regressions
A Lagrange Multiplier test for cross-sectional dependence in a fixed effects panel data model
Tourism and Economic Growth
Panel Data Econometrics in R
Testing for Granger non-causality in heterogeneous panels
General Diagnostic Tests for Cross Section Dependence in Panels
Testing for unit roots in heterogeneous panels
The Lagrange Multiplier Test and its Applications to Model Specification in Econometrics
Explicating dynamic capabilities
A simple panel unit root test in the presence of cross‐section dependence
Does tourism development spur export product diversification
Tourism, economic growth, energy consumption, and CO2 emissions in China
Tourism and Gross Domestic Product short-run causality revisited
Does tourism activity reduce the size of the informal economy? Capturing long-term heterogeneous linkages around the world
The role of luxury gastronomy in culinary tourism
General diagnostic tests for cross-sectional dependence in panels
Tourism in common
A review of innovation research in tourism
Developing institutional logics in the tourism industry through coopetition
The Impact of Globalisation on Human Resource Management in the Tourism Sector
Memorable tourist experiences
On the determinants of tourism performance
Barcelona’s Urban Landscape
Heteroskedasticity and Autocorrelation Consistent Covariance Matrix Estimation
The Institutional Logics Perspective
Stages in the economic globalization of tourism
Feature-Based Structures of Opportunity
An Analysis of Causal Flow Between Social Development and Economic Growth
| Citation velocity | historical |
|---|---|
| Highly cited | No |