期刊
CURRENT ISSUES IN TOURISM
卷 25, 期 4, 页码 611-631出版社
ROUTLEDGE JOURNALS, TAYLOR & FRANCIS LTD
DOI: 10.1080/13683500.2021.1894101
关键词
Environmental quality; tourism receipts; cross-sectional dependence; dynamic common correlated effects; real exchange rate
This study explores the impact of environmental quality, real exchange rate, institutional performance, and trade openness on tourism receipts in East-Asia and Pacific region. Utilizing the DCCE methodology, the study finds positive and significant relationships between these factors and tourism receipts.
This study attempts to explore the impact of environmental quality, real exchange rate and institutional performance on tourism receipts in East-Asia and Pacific region. A new methodology dynamic common correlated effects (DCCE) is applied to deal with the issue of cross-sectional dependence (CSD) among cross-sectional units. This approach can calculate DCCE by recognizing the heterogeneous slopes and assuming that the variables can be represented by a common factor. The findings explain that traditional approaches give false results due to CSD. Environmental quality is measured through a new indicator ecological footprint. An index for institutional performance is calculated through principal component analysis (PCA) by using seven institutional indicators. Results of DCCE estimation identify that environmental quality, real exchange rate, institutional performance and trade openness have a positive and significant relationship with tourism receipts in East-Asia and Pacific region.
作者
我是这篇论文的作者
点击您的名字以认领此论文并将其添加到您的个人资料中。
推荐
暂无数据