The sustainability of tourism: global comparative evidence

Simplice Asongu and Nicholas Odhiambo

No 19/094, Working Papers of the African Governance and Development Institute. from African Governance and Development Institute.

Abstract: This study investigated the sustainability of global tourism in 163 countries for the period 2010 to 2015. Given the richness of the dataset, the data has been decomposed into 11 fundamental characteristics based on income levels, legal origins and openness to the sea. The empirical evidence was based on Generalised Method of Moments (GMM). Three main hypotheses were tested from which three broad findings were established. First, Hypothesis 1 is overwhelmingly valid because persistence in tourist arrivals is consistently an increasing function of income levels. Hypothesis 2 is not valid because French civil law countries are associated with comparatively higher levels of persistence in tourist arrivals. Hypothesis 3 is invalid because landlocked countries reflect higher levels of tourism persistence.

Keywords: Tourism Sustainability; Income Level; Generalised Method of Moments (GMM) (search for similar items in EconPapers)
JEL-codes: D74 Z32 Z38 (search for similar items in EconPapers)
Pages: 18
Date: 2019-01
New Economics Papers: this item is included in nep-tur
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Citations: View citations in EconPapers (1)

Forthcoming: African Journal of Hospitality, Tourism and Leisure

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http://www.afridev.org/RePEc/agd/agd-wpaper/The-su ... arative-evidence.pdf Revised version, 2019 (application/pdf)

Related works:
Working Paper: The sustainability of tourism: global comparative evidence (2019)
Working Paper: The sustainability of tourism: global comparative evidence (2019)
Working Paper: The sustainability of tourism: global comparative evidence (2019)
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