IDEAS home Printed from https://ideas.repec.org/a/gam/jsusta/v12y2020i18p7543-d412878.html
   My bibliography  Save this article

The Tourism Sector and U.S. Regional Macroeconomic Stability: A Network Approach

Author

Listed:
  • Jihye Min

    (College of Merchandising, Hospitality and Tourism, University of North Texas, Chilton Hall 331, 410 S Avenue C, Denton, TX 76201, USA)

  • Jerome Agrusa

    (School of Travel Industry Management, Shidler College of Business, University of Hawaii at Manoa, 2560 Campus Rd.—George Hall 346, Honolulu, HI 96822, USA)

  • Joseph Lema

    (Harrah College of Hospitality, University of Nevada Las Vegas, 4505 S. Maryland Pkwy., Las Vegas, NV 89154, USA)

  • Harold Lee

    (College of Merchandising, Hospitality and Tourism, University of North Texas, Chilton Hall 331, 410 S Avenue C, Denton, TX 76201, USA)

Abstract

This study investigates how the structural mix of USA regional economies affects their volatility of economic growth. Four exogenous sectors are chosen for this investigation: Federal Government, construction, manufacturing, and tourism. Perhaps unsurprisingly, evidence suggests that a larger share of Federal Government employment in an economy reduces the variability of overall employment growth, while a larger share of construction activity elevates it. More telling is a finding that, recently, manufacturing has not contributed as much to such variability, and that a larger tourism presence increases it. The increasing integration of technology in tourism offers significant opportunities for a network approach and innovation in regional development.

Suggested Citation

  • Jihye Min & Jerome Agrusa & Joseph Lema & Harold Lee, 2020. "The Tourism Sector and U.S. Regional Macroeconomic Stability: A Network Approach," Sustainability, MDPI, vol. 12(18), pages 1-12, September.
    • Handle: RePEc:gam:jsusta:v:12:y:2020:i:18:p:7543-:d:412878
    as

    Download full text from publisher

    File URL: https://www.mdpi.com/2071-1050/12/18/7543/pdf
    Download Restriction: no
    File URL: https://www.mdpi.com/2071-1050/12/18/7543/
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. McCann, Philip, 2001. "Urban and Regional Economics," OUP Catalogue, Oxford University Press, number 9780198776451.
    2. Hjalager, Anne-Mette, 2010. "A review of innovation research in tourism," Tourism Management, Elsevier, vol. 31(1), pages 1-12.
    3. Henderson, J V, 1974. "The Sizes and Types of Cities," American Economic Review, American Economic Association, vol. 64(4), pages 640-656, September.
    4. Katharine G. Abraham & John Haltiwanger & Kristin Sandusky & James R. Spletzer, 2013. "Exploring Differences in Employment between Household and Establishment Data," Journal of Labor Economics, University of Chicago Press, vol. 31(S1), pages 129-172.
    5. Marco Valeri, 2015. "Sustainability development and competitiveness of Rome as a tourist destination," Tourism and Hospitality Management, University of Rijeka, Faculty of Tourism and Hospitality Management, vol. 21(2), pages 203-217, December.
    6. Marco Valeri & Rodolfo Baggio, 2021. "A critical reflection on the adoption of blockchain in tourism," Information Technology & Tourism, Springer, vol. 23(2), pages 121-132, June.
    7. Sara Proença & Elias Soukiazis, 2008. "Tourism as an Economic Growth Factor: A Case Study for Southern European Countries," Tourism Economics, , vol. 14(4), pages 791-806, December.
    8. Egon Smeral, 2003. "A Structural View of Tourism Growth," Tourism Economics, , vol. 9(1), pages 77-93, March.
    9. John R. Kort, 1981. "Regional Economic Instability and Industrial Diversification in the U.S," Land Economics, University of Wisconsin Press, vol. 57(4), pages 596-608.
    10. Allan Webster, 2014. "Wage Differentials and Their Determinants in US Tourism and Tourism-Associated Industries," Tourism Economics, , vol. 20(4), pages 695-725, August.
    11. Garcia-Mila, Teresa & McGuire, Therese J., 1993. "Industrial mix as a factor in the growth and variability of states' economies," Regional Science and Urban Economics, Elsevier, vol. 23(6), pages 731-748, December.
    12. Kelton, Christina M.L. & Pasquale, Margaret K. & Rebelein, Robert P., "undated". "Using NAICS to Identify National Industry Cluster Templates for Applied Regional Analysis," Vassar College Department of Economics Working Paper Series 88, Vassar College Department of Economics.
    13. Ercan Sirakaya & Hwan-Suk Choi & Turgut Var, 2002. "Shift-Share Analysis in Tourism: Examination of Tourism Employment Change in a Region," Tourism Economics, , vol. 8(3), pages 303-324, September.
    14. Claudio Calero & Lindsay W Turner, 2020. "Regional economic development and tourism: A literature review to highlight future directions for regional tourism research," Tourism Economics, , vol. 26(1), pages 3-26, February.
    15. Nicola Bellini & Francesco Grillo & Giulia Lazzeri & Cecilia Pasquinelli, 2017. "Tourism and regional economic resilience from a policy perspective: lessons from smart specialization strategies in Europe," European Planning Studies, Taylor & Francis Journals, vol. 25(1), pages 140-153, January.
    16. Grazia Chiara Elmo & Gabriella Arcese & Marco Valeri & Stefano Poponi & Francesco Pacchera, 2020. "Sustainability in Tourism as an Innovation Driver: An Analysis of Family Business Reality," Sustainability, MDPI, vol. 12(15), pages 1-14, July.
    17. Bernard F. Lentz & David N. Laband, 2009. "The Impact of Intercollegiate Athletics on Employment in the Restaurant and Accommodations Industries," Journal of Sports Economics, , vol. 10(4), pages 351-368, August.
    18. Edward Feser & Edward Bergman, 2000. "National Industry Cluster Templates: A Framework for Applied Regional Cluster Analysis," Regional Studies, Taylor & Francis Journals, vol. 34(1), pages 1-19.
    19. Michael R. Betz & Mark D. Partridge & Belal Fallah, 2016. "Smart cities and attracting knowledge workers: Which cities attract highly-educated workers in the 21st century?," Papers in Regional Science, Wiley Blackwell, vol. 95(4), pages 819-841, November.
    20. John Siegfried & Andrew Zimbalist, 2006. "The Economic Impact of Sports Facilities, Teams and Mega-Events," Australian Economic Review, The University of Melbourne, Melbourne Institute of Applied Economic and Social Research, vol. 39(4), pages 420-427, December.
    21. Christina M. L. Kelton & Margaret K. Pasquale & Robert P. Rebelein, 2008. "Using the North American Industry Classification System (NAICS) to Identify National Industry Cluster Templates for Applied Regional Analysis," Regional Studies, Taylor & Francis Journals, vol. 42(3), pages 305-321, April.
    22. Jihye Min & Birendra KC & Seungman Kim & Jaehoon Lee, 2020. "The Impact of Disasters on a Heritage Tourist Destination: A Case Study of Nepal Earthquakes," Sustainability, MDPI, vol. 12(15), pages 1-12, July.
    23. Adelaida Lillo-Bañuls & José M Casado-Díaz & Hipólito Simón, 2018. "Examining the determinants of job satisfaction among tourism workers," Tourism Economics, , vol. 24(8), pages 980-997, December.
    24. Baum, Tom & Kralj, Anna & Robinson, Richard N.S. & Solnet, David J., 2016. "Tourism workforce research: A review, taxonomy and agenda," Annals of Tourism Research, Elsevier, vol. 60(C), pages 1-22.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Giotis Georgios, 2022. "Preliminary Results on the Employment Effect of Tourism. A meta-analysis," Papers 2206.00174, arXiv.org.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Randall Jackson, 2015. "Fellows Address: Are Industry Clusters and Diversity Strange Bedfellows?," Working Papers Working Paper 2015-04, Regional Research Institute, West Virginia University.
    2. Trejo-Pech, Carlos O. & Gunderson, Michael A. & Baker, Timothy G. & Gray, Allan W. & Boehlje, Michael D., 2015. "Assessing Cash Holdings in Agribusiness," International Food and Agribusiness Management Review, International Food and Agribusiness Management Association, vol. 18(4), pages 1-20, November.
    3. Randall Jackson, 2015. "Are Industry Clusters and Diversity Strange Bedfellows?," The Review of Regional Studies, Southern Regional Science Association, vol. 45(2), pages 113-129, Fall.
    4. Lall, Somik V.*Jun Koo*Chakravorty, Sanjoy, 2003. "Diversity matters - the economic geography of industry location in India," Policy Research Working Paper Series 3072, The World Bank.
    5. João Lopes, 2011. "Industrial Clustering and Sectoral Growth: a Network Dynamics Approach," ERSA conference papers ersa11p637, European Regional Science Association.
    6. Sowjanya Dhulipala & Gopal R. Patil, 2021. "Identification of freight generating industry complexes: A descriptive spatial analysis," Growth and Change, Wiley Blackwell, vol. 52(4), pages 2680-2712, December.
    7. Farman Ullah & Yigang Wu & Khalid Mehmood & Fauzia Jabeen & Yaser Iftikhar & Ángel Acevedo-Duque & Ho Kwong Kwan, 2021. "Impact of Spectators’ Perceptions of Corporate Social Responsibility on Regional Attachment in Sports: Three-Wave Indirect Effects of Spectators’ Pride and Team Identification," Sustainability, MDPI, vol. 13(2), pages 1-14, January.
    8. Mirko Titze & Matthias Brachert & Hans-Ulrich Brautzsch, 2011. "Mapping Local and Regional Potentials for Inter-sectoral Technology Flows in Industrial Clusters – Empirical Results for Germany," ERSA conference papers ersa11p660, European Regional Science Association.
    9. Murat Arik & David A. Penn, 2008. "Increasing Competitiveness through Strengthening Regional Industrial Clusters: Middle Tennessee Marketing Region," Studies 200805, Middle Tennessee State University, Business and Economic Research Center.
    10. Koen Frenken & Frank G. van Oort & Thijs Verburg & Ron A. Boschma, 2004. "Variety and regional economic growth in the Netherlands," Papers in Evolutionary Economic Geography (PEEG) 0502, Utrecht University, Department of Human Geography and Spatial Planning, Group Economic Geography, revised Dec 2004.
    11. Araújo, Tanya & Faustino, Rui, 2017. "The topology of inter-industry relations from the Portuguese national accounts," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 479(C), pages 236-248.
    12. Peter Mayerhofer, 2007. "De-Industrialisierung in Wien(?) Zur abnehmenden Bedeutung der Sachgütererzeugung für das Wiener Beschäftigungssystem: Umfang, Gründe, Wirkungsmechanismen," WIFO Studies, WIFO, number 33120, April.
    13. Hongjian Su & Houkai Wei & Jian Zhao, 2017. "Density effect and optimum density of the urban population in China," Urban Studies, Urban Studies Journal Limited, vol. 54(7), pages 1760-1777, May.
    14. Elisabeth Nöhammer & Marco Haid & Philipp Corradini & Susanne Attenbrunner & Peter Heimerl & Robert Schorn, 2022. "Contextual Factors of Resilient Tourism Destinations in a Pandemic Situation: Selected Cases from North and South Tyrol during the SARS-CoV-2 Pandemic," Sustainability, MDPI, vol. 14(21), pages 1-20, October.
    15. Thi Bich Tran & Hai Anh La, 2018. "Agglomeration Effects: Productivity of the Informal Sector in Vietnam," Journal of Development Studies, Taylor & Francis Journals, vol. 54(2), pages 292-311, February.
    16. Roberto Ezcurra, 2011. "Unemployment Volatility and Regional Specialization in the European Union," Regional Studies, Taylor & Francis Journals, vol. 45(8), pages 1121-1137.
    17. Kelton, Christina M.L. & Pasquale, Margaret K. & Rebelein, Robert P., "undated". "Using NAICS to Identify National Industry Cluster Templates for Applied Regional Analysis," Vassar College Department of Economics Working Paper Series 88, Vassar College Department of Economics.
    18. Lall, Somik V. & Funderburg, Richard & Yepes, Tito, 2003. "Location, concentration, and performance of economic activity in Brazil," Policy Research Working Paper Series 3268, The World Bank.
    19. Roberto Gásquez & Vicente Royuela, 2014. "Is Football an Indicator of Development at the International Level?," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 117(3), pages 827-848, July.
    20. Grazia Chiara Elmo & Gabriella Arcese & Marco Valeri & Stefano Poponi & Francesco Pacchera, 2020. "Sustainability in Tourism as an Innovation Driver: An Analysis of Family Business Reality," Sustainability, MDPI, vol. 12(15), pages 1-14, July.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:gam:jsusta:v:12:y:2020:i:18:p:7543-:d:412878. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: MDPI Indexing Manager (email available below). General contact details of provider: https://www.mdpi.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.