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A revised perspective on tourism-economic growth nexus, exploring tourism market diversification

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  • Behnaz Saboori
  • Zahed Ghaderi
  • Abdorreza Soleymani

Abstract

In this study for the first time, we examined the effect of tourism market diversification (TMD) on economic growth for 109 countries categorized by income groups. Employing Quantile regression, the results revealed that TMD contributes to the economic growth of low- and lower-middle-income countries only at the lower, and lower-to-intermediate quantiles. In high-income countries, TMD not only has no significant effect on economic growth at lower quantile of GDP, but its effect tends to be negative at higher quantiles. Our findings indicated that TMD strategies work better at lower levels of economic growth than at higher levels of economic growth.

Suggested Citation

  • Behnaz Saboori & Zahed Ghaderi & Abdorreza Soleymani, 2023. "A revised perspective on tourism-economic growth nexus, exploring tourism market diversification," Tourism Economics, , vol. 29(7), pages 1812-1835, November.
    • Handle: RePEc:sae:toueco:v:29:y:2023:i:7:p:1812-1835
    DOI: 10.1177/13548166221134183
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    More about this item

    Keywords

    tourism market diversification; economic growth; quantile regression; global context; JEL classification: Z32; C22; O11;
    All these keywords.

    JEL classification:

    • Z32 - Other Special Topics - - Tourism Economics - - - Tourism and Development
    • C22 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes
    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development

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