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Connecting quality of life, tourism specialization, and economic growth in small island destinations: The case of Malta

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  • Croes, Robertico
  • Ridderstaat, Jorge
  • van Niekerk, Mathilda

Abstract

This study assesses the relationship between quality of life (QOL), tourism specialization, and economic growth as applied to small island destinations. The study is grounded on a QOL model and translog production function and employs the limited information maximum likelihood estimator to investigate the nature of this relationship in Malta. Results indicate that the relationship between tourism specialization and both QOL and economic growth is only partial. Tourism specialization improves the residents QOL but, only on the short term. The study enhances the existing empirical evidence of the literature that examines the relationship between tourism specialization and residents' QOL in the medium- and long-term in that it controls for endogeneity. The translog production function methodology is novel as it allows for examining tourism returns and the factors that shape tourism preferences. This permits supply and demand variables to be combined into a production and consumption system.

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  • Croes, Robertico & Ridderstaat, Jorge & van Niekerk, Mathilda, 2018. "Connecting quality of life, tourism specialization, and economic growth in small island destinations: The case of Malta," Tourism Management, Elsevier, vol. 65(C), pages 212-223.
    • Handle: RePEc:eee:touman:v:65:y:2018:i:c:p:212-223
    DOI: 10.1016/j.tourman.2017.10.010
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    7. Nicola Camatti & Luca Salmasi & Jan van der Borg, "undated". "Tourism and economic growth: an application to coastal regions in the Mediterranean area," Working Papers 2021:16, Department of Economics, University of Venice "Ca' Foscari".
    8. Min An & Mengfei Song & Xue Fang & Jin Huang & Ying Yang & Ramsey Thomas Stephen, 2023. "The impact of water conservancy project tourism on the adaptability of nearby-resettled people," International Journal of System Assurance Engineering and Management, Springer;The Society for Reliability, Engineering Quality and Operations Management (SREQOM),India, and Division of Operation and Maintenance, Lulea University of Technology, Sweden, vol. 14(4), pages 1467-1478, August.
    9. Uysal, Muzaffer & Berbekova, Adiyukh & Kim, Hyelin, 2020. "Designing for Quality of life," Annals of Tourism Research, Elsevier, vol. 83(C).
    10. Adi Weidenfeld, 2018. "Tourism Diversification and Its Implications for Smart Specialisation," Sustainability, MDPI, vol. 10(2), pages 1-24, January.
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    13. Pavlos Stamatiou, 2022. "Modeling Electricity Consumption for Growth in an Open Economy," International Journal of Energy Economics and Policy, Econjournals, vol. 12(2), pages 154-163, March.
    14. Ding-Yi Zhao & Yu-Yu Ma & Hung-Lung Lin, 2022. "Using the Entropy and TOPSIS Models to Evaluate Sustainable Development of Islands: A Case in China," Sustainability, MDPI, vol. 14(6), pages 1-25, March.
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