Capital Investment in Tourism: A Global Investigation

Published on Dec 15, 2020in Tourism planning and development
· DOI :10.1080/21568316.2020.1857825
Canh Phuc Nguyen11
Estimated H-index: 11
(University of Economics, Ho Chi Minh City),
Pham Thai Binh1
Estimated H-index: 1
(University of Economics, Ho Chi Minh City),
Thanh Dinh Su8
Estimated H-index: 8
(University of Economics, Ho Chi Minh City)
Source
Abstract
This study contributes to the literature by establishing the linkages between new institutional economics, public finance theory, and tourism economics, to explore the motives of capital investment...
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#2Neil Hart (UNSW: University of New South Wales)H-Index: 6
Abstract This study examines the role of economic governance in the relationship between public spending, private investment, and economic growth in Vietnam at the provincial level. The study data consist of sixty-two Vietnamese provinces for the period 2006–2015. Some notable results are attained by applying a sequential (two-stage) estimation. First, the marginal benefits to economic growth of increased Vietnamese provincial government expenditures may be constrained because of the inefficienc...
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#1Richard Sharpley (UCLan: University of Central Lancashire)H-Index: 59
A conceptual paper published twenty years ago concluded that sustainable tourism development is an unviable objective. Specifically, it argued that environmentally sound tourism development (sustai...
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#1Nguyen Phuc CanhH-Index: 11
#2Sangho KimH-Index: 2
Last. Su Dinh ThanhH-Index: 12
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To examine the influence of institutional quality and entrepreneurship density on natural resource rents, we apply the two-step system GMM to a global sample of 60 economies over the period 2006–2016. Our results show that (i) an increase in entrepreneurship density increases total natural resource rents; (ii) an improvement in institutional quality reduces total natural resource rents; (iii) improvement in institutional quality reduces the rent-seeking activities by entrepreneurs. We can conf...
#1Junwook Chi (U.H.: University of Hawaii at Manoa)H-Index: 14
Abstract While the relationship between exchange rate risk and trading activity has been studied extensively, little attention has been paid to assessing exchange rate volatility in a travel demand model. This paper aims to examine the short- and long-run effects of real income, population, exchange rate, and exchange rate volatility on tourist flows from South Korea to Japan, Philippines, Singapore, Taiwan, and the US. To analyze the impacts of third-country exchange rate risk factors, this stu...
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#1Canh Phuc Nguyen (University of Economics, Ho Chi Minh City)H-Index: 11
#2Christophe Schinckus (Taylors University)H-Index: 21
Last. Thanh Dinh Su (University of Economics, Ho Chi Minh City)H-Index: 8
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The sensitivity of countries to the global macroeconomic uncertainty is directly related to the income level affecting, therefore, the demand for the outbound international tourism. Precisely, we o...
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#1Pablo Juan Cárdenas-García (University of Jaén)H-Index: 9
#2Juan Ignacio Pulido-Fernández (University of Jaén)H-Index: 16
Tourism may serve as tool of economic development (ED). The aim of this article is to determine, through the analysis of determining factors identified in previous studies, which are the most impor...
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#1Zhike Lv (XTU: Xiangtan University)H-Index: 8
Abstract In recent years, the spatial dimension of inequality has attracted considerable policy interest, since regional disparities in economic activity, incomes and social indicators often an outcome of ethnic conflicts and a breeding ground for separatist tendencies. Taking the cross-sectional dependence and heterogeneity into account, this study examines the impact of tourism on regional inequality from 1995 to 2012 within 113 countries of the world using satellite night-light based inequali...
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#1Rosaria Rita Canale (University of Naples Federico II)H-Index: 6
#2Elina De Simone (University of Naples Federico II)H-Index: 7
Last. Benedetta Parenti (University of Naples Federico II)H-Index: 4
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Abstract This paper aims at investigating whether the inscriptions in the UNESCO World Heritage List (WHL) sites influence tourism attractiveness. An empirical analysis, based on dynamic panel data methodology, was implemented to study the effect of WHL cultural and natural properties inclusion on international tourist arrivals in Italian provinces in the 2000–2014 time span. Results suggest that being awarded with a World Heritage recognition, together with the province’s wealth, environmental ...
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#1Anyu Liu (University of Surrey)H-Index: 11
#2Doris Chenguang Wu (SYSU: Sun Yat-sen University)H-Index: 13
Abstract This study examines the transmission mechanism between tourism productivity and economic growth, using Spain as an empirical setting. By relaxing the assumption of diminishing return of capital, new growth theory is integrated into the Bayesian dynamic stochastic general equilibrium model for the first time in the tourism literature. The results demonstrate the impact of tourism productivity on economic growth and illustrate the spill-over effects between tourism and other sectors cause...
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#1Philipp Namberger (LMU: Ludwig Maximilian University of Munich)H-Index: 3
#2Sascha Jackisch (LMU: Ludwig Maximilian University of Munich)H-Index: 2
Last. Marion Karl (LMU: Ludwig Maximilian University of Munich)H-Index: 9
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ABSTRACTCity tourism has been booming for years. As a result, the number of tourists per inhabitant increases in many city destinations. This can lead to conflicts over the simultaneous (over-)use ...
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#1Canh Phuc Nguyen (University of Economics, Ho Chi Minh City)H-Index: 11
Institutional frameworks are important for individuals’ attitudes and behaviours, and thus they are important for travel decisions. This study endeavours to examine the influence of various formal ...
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#1Canh Phuc Nguyen (University of Economics, Ho Chi Minh City)H-Index: 11
#2Thanh Dinh Su (University of Economics, Ho Chi Minh City)H-Index: 8
Abstract null null This study endeavours to examine the influences of tourism and institutional quality and their association on environmental sustainability. Specifically, the study uses principal component analysis to construct three reduced environmental sustainability indices for 134 countries from 2002 to 2015 (based on data availability). First, the reduced environmental sustainability indices are mostly improved in low- and middle-income countries, while they are degraded in several high-...
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#1Syed Abdul Rehman Khan (Xuzhou Institute of Technology)H-Index: 28
#2Muhammad Umer Quddoos (BZU: Bahauddin Zakariya University)H-Index: 2
Last. Zhang Yu (Chang'an University)H-Index: 15
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We investigate the impact of renewable energy and green practices (RE), transportation services and infrastructure (T.S.), GDP growth (GDP), and forestry and natural resources (AFF) on the sustainable tourism development in the Eastern European Countries (EECs). The study employed cross-sectional dependence and and CIPS unit root test to check stationarity along with the dynamic common correlated effect (DCCE) model proposed by Chudik and Pesaran (2015) to test parameters for ensuring robustness...
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#1Canh Phuc Nguyen (University of Economics, Ho Chi Minh City)H-Index: 11
#2Thanh Dinh Su (University of Economics, Ho Chi Minh City)H-Index: 8
This study investigates how international tourism influences economic vulnerability for 69 economies, consisting of 36 low- and lower-middle-income economies (LMEs), and 33 upper-middle-income and ...
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#2Blanka ŠimundićH-Index: 2
Last. Marijana VugdelijaH-Index: 1
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Culture and tourism have always been related, but with blurred interpretations of the empirical relationship between those phenomena. This paper estimates the impact of different cultural indicators on tourism development in 27 EU member states for the period 2008–2018, by using dynamic panel data. The results indicate that the number of UNESCO Heritage Sites do not have a significant influence on the number of tourism overnights, whereas there are significant positive effects on international t...
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