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Drivers of innovation in tourism: An econometric study

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  • Sarath Divisekera

    (Victoria University, Australia)

  • Van K Nguyen

    (Victoria University, Australia)

Abstract

This article analyzes the determinants of three types of innovation output—product, process, and organizational, generated by Australian tourism firms. It examines how collaboration, human capital, information technology, funding, firm, and market characteristics impact innovation outcomes. Of the inputs, collaboration for innovation is the one with a positive impact on the three types of innovation outputs. Human capital also contributes to the innovation process. However, its impacts are strongly felt only in the generation of product and organizational innovation. Information and communication technology is vital to the implementation of operational process and organizational innovations, while funding influences the implementation of new operational processes. Of firm and market characteristics, foreign ownership, degree of competition, and firm size have significant impacts on innovation intensity among firms.

Suggested Citation

  • Sarath Divisekera & Van K Nguyen, 2018. "Drivers of innovation in tourism: An econometric study," Tourism Economics, , vol. 24(8), pages 998-1014, December.
    • Handle: RePEc:sae:toueco:v:24:y:2018:i:8:p:998-1014
    DOI: 10.1177/1354816618794708
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    References listed on IDEAS

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    Cited by:

    1. Paolo Figini & Mondher Sahli & Laura Vici, 2018. "Advances in tourism economics: The sixth IATE (International Association for Tourism Economics) Conference," Tourism Economics, , vol. 24(8), pages 911-914, December.
    2. Stojcic, Nebojsa & Vojvodic, Katija & Butigan, Nikola, 2019. "Service innovations and firm performance in the hospitality industry: evidence from tourism driven economies," MPRA Paper 108648, University Library of Munich, Germany.
    3. Wei Yang & Qiuxia Chen & Yanyue Dao & Xiaoting Huang & Weifang Shao, 2022. "Ecological Civilization and High-Quality Development: Do Tourism Industry and Technological Progress Affect Ecological Economy Development?," IJERPH, MDPI, vol. 20(1), pages 1-25, December.
    4. Eugenia Panfiluk, 2021. "Innovativeness of Tourism Enterprises: Example of Poland," Sustainability, MDPI, vol. 13(3), pages 1-17, January.

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