Journal
TOURISM ECONOMICS
Volume 27, Issue 8, Pages 1669-1691Publisher
SAGE PUBLICATIONS LTD
DOI: 10.1177/1354816620934908
Keywords
economic globalization; inbound tourism; income inequality; panel data estimations; tourism development; JEL Codes; Z32; D63; C33
Categories
Funding
- National Social Science Fund of China [16BJY052]
- Zhejiang Provincial Natural Science Foundation, China [LY18G030040, LZ20G010002, LY20G030024]
- Fundamental Research Funds for the Provincial Universities of Zhejiang, China [GB201902002]
Ask authors/readers for more resources
The study found that tourism indicators have a significant negative impact on income inequality in developing countries, while its impact is insignificant in developed countries. Economic globalization increases income inequality, particularly in developing countries.
In this article, we investigate the effects of tourism indicators on income inequality (IIE) in a sample of 102 countries. We divide the sample countries into 71 developing and 31 advanced economies. Using annual data from 1995 to 2014, we employ panel unit root tests, cointegration, fixed-effects, fully modified ordinary least squares, and causality techniques. Our findings show that tourism indicators have a significant negative impact on IIE in developing economies, while they have an insignificant impact in developed economies. Conversely, economic globalization increases IIE in developing economies, whereas its effect is positive but statistically insignificant in developed countries. From these findings, the study outlines detailed policy and practical implications.
Authors
I am an author on this paper
Click your name to claim this paper and add it to your profile.
Reviews
Recommended
No Data Available