SYSTEMATIC LITERATURE REVIEW OF TOURISM GROWTH NEXUS: AN OVERVIEW OF THE LITERATURE AND A CONTENT ANALYSIS OF 100 MOST INFLUENTIAL PAPERS

This study performs the first citation-based systematic literature review of the tourism-growth nexus. The citation analysis provides a bird's eye view of this literature, which, in turn, identifies the sources of knowledge in terms of most influential journals, authors, and articles. A detailed content analysis of 100 most influential papers has been generated on the nature of the study, variables used, country of analysis, type of analysis, the methodology, and the direction of causality. In total, 284 papers were found relevant in the Scopus database using a comprehensive list of keywords. The citation analysis reveals that Tourism Management is the leading journal with a total of 2527 citation counts, whereas Tourism Economics is the leading journal with a total of 41 publications on this topic. Juan Gabriel Brida is the most prolific author, whereas Lee and Chang (2008) is recognized as the most influential paper. The content analysis reveals that 58% have applied time series, and 38% have used panel data analysis. Tourism causing growth is the leading result of both time-series and panel studies. International tourism receipts/earnings/expenditure and the number of international tourist arrivals are the most widely used variables to measure tourism.     

The impact of introductory accounting courses on student perceptions about the purpose of accounting information and the objectives of business: A comparison of the UK and Japan

This paper is concerned with the impact of introductory financial accounting courses on student perceptions of business objectives. The paper reports the results of a questionnaire survey of UK and Japanese university students which investigated their views at the start and end of an introductory financial accounting module. The views of Japanese students, in comparison with those from the UK, are of particular interest given evidence in the literature that traditional “social market” traditions in Japan are being influenced by Anglo-American “stock market” values. Our results are consistent with such a phenomenon in that Japanese students’ values regarding business objectives show significant changes that are not mirrored by changes in the perceptions of their UK counterparts. We suggest that accounting education is acting as a conduit for views more commonly held in Anglo-American societies.     

What’s in a price? The American raw cotton market in Liverpool and the Anglo-American War

This article argues that an embryonic futures market was present in Liverpool during the Anglo-American War. The analysis of a previously unseen data-set of printed Prices Currents has facilitated not only a price series of raw cotton prices, but an in-depth analysis of the ‘construction’ of those raw cotton prices. By positing a definition of an embryonic futures market and then analysing each of the features of a such a market in turn, this study demonstrates the existence of an embryonic futures market in early nineteenth-century Liverpool.     

Is the tourism‐led growth hypothesis valid for malaysia? a view from disaggregated tourism markets

This research note attempts to re‐investigate the validity of tourism‐led growth hypothesis for Malaysia based on the data set of 12 different tourism markets from January 1995 to February 2009. The error‐correction modelling‐based cointegration test shows that economic growth and international tourist arrivals are cointegrated for all tourism markets. Nevertheless, the Granger causality results demonstrate that not all international tourism markets Granger‐cause economic growth. Therefore, identification of potential tourism markets is vital for implementing effective tourism marketing policies. Copyright © 2010 John Wiley & Sons, Ltd.     

The finance-growth nexus: The role of banks

We contribute to the finance-growth nexus literature by showing that credit origin, bank ownership, type of credit, and bank type matter in economic growth. We use a unique dataset covering 5555 cities in Brazil, with granular information on credit characteristics. We find that non-earmarked credit to the corporate sector is associated with municipal economic growth more strongly than earmarked credit, despite the increase in the relevance of the latter after the global financial crisis. We also find that the type of credit—whether the loans are general purpose or for a specific purpose—is associated with economic growth in different ways. Overall, credit provided to the corporate sector by domestic private banks is correlated with higher economic growth rates. In contrast, the relationship between credit from state-owned banks and economic growth becomes statistically significant only after the crisis. Although we follow the finance-growth literature in our empirical exercises using internal instruments in generalized method of moments (GMM) estimations, we also conduct robustness tests using two additional external instruments: the number of complaints filed against each bank and local credit accessibility. Our findings with external instruments are the same with respect to the use of traditional internal instruments in GMM estimations.     

Threshold effects of terms of trade on Latin American growth

This paper investigates nonlinear relationships between terms of trade volatility (totvol) and economic growth in 14 Latin American economies from 1997 to 2014. In the 2000s, Latin American countries experienced accelerated economic growth often attributed to commodity price booms. We split the sample into two regimes based on totvol thresholds determined by bootstrap techniques. Fixed effects, instrumental variable and dynamic panel regressions address endogeneity in trade growth, subject to traditional economic channels such as domestic investment, population growth, exchange rate, government size, and institutions. We find statistically significant thresholds and stronger trade-growth links during the 2000s commodity boom and in larger economies.     

基于水—能—粮关联关系的粮食主产区农业种植结构优化研究——以吉林省为例

目的 通过调整农业种植结构,优化水资源、能源及土地资源配置,在生态优先绿色发展的要求下实现区域粮食生产目标。方法 文章选取吉林省为研究区域,采用水足迹模型和能耗核算模型解析主要农作物的耗水及耗能特点,并以区域的经济和生态效益为目标,构建以土地资源、水资源、能源、粮食安全、农业政策作为约束条件的多目标规划模型对种植结构进行优化。结果 （1）不同农作物的水足迹、能耗结构以及资源利用效率存在显著差异。（2）优化后的耕种总面积略有增加,玉米种植面积比例明显下降,小麦和烤烟种植面积比例基本稳定,其余作物种植面积比例均有不同程度的上升。（3）优化后各类效益均有明显提升,其中水足迹减少5.02%,能耗减少5.96%,生物质能增长26.14%,粮食产量增加5.27%,经济效益提高34.38%,生态效益提高18.69% 。结论 充分考虑农业种植中水、能源和粮食的关联关系以及内外部的多种约束条件,在保障各类作物的最低产量前提下,优先发展低耗水、低耗能、低污染、高收益的作物,提高资源利用效率的同时改善区域农业生产的经济收益和生态效益,实现区域农业的可持续发展。     

Integrating farmland in urban green infrastructure planning. An evidence synthesis for informed policymaking

The Green Infrastructure (GI) Strategy was adopted by the European Commission in 2013, to promote the deployment of GI by integrating it into main policy areas. Despite a high level of awareness for a policy integration across sectors at the EU level, urban and peri-urban farmland (UPUF) is up to now barely considered. A systematic evidence base addressing the contributions of UPUF can support a more informed policymaking. To address this, our paper developed a first evidence synthesis, to evaluate potential of UPUF contributing to policy objectives, thereby tackling major urban challenges. Furthermore an analysis of policy documents revealed gaps on the current state of policymaking and potentials for the integration in future policies. Due to a reciprocal consideration between EU level policies and scientific knowledge this work provides information that help to further construct scientific evidence to address policy concerns while taking into account multiple perspectives. Furthermore, we discussed the implications of our findings for further UGI research and policymaking and thus hope to extend the current political debate across policy sectors.     

Understanding the nexus between energy and water: A basis for human survival in South Africa

Despite the fact that the South African economy is highly diversified, the sustainability of its economic growth depends on the availability of two critical resources: water and energy. The national energy grid is mostly based on coal combustion, with very few viable alternative resources. Large amounts of water are needed to produce energy from coal and, in most places where coal reserves are located, there is evidence of water scarcity. The sustainable management of both sectors is essential, since research has shown that access to potable water and energy will lead to a better quality of life for people and help alleviate poverty. This paper will focus on the interlinkages and understanding of the trade-offs between water and energy and its implications for sustainable development in South Africa. The simultaneous implementation of selected Sustainable Development Goals targets could help reduce the trade-off between the two sectors.     

Exploring the impacts of tourism on the livelihoods of local poor: the role of local government and major investors

This study identifies the impacts of tourism development on the living conditions of local poor and examines the role of local government and major investors in this process. A village in southern China was chosen as the research site. Because of tourism development, the villagers had all been relocated and initially, it was thought that their housing conditions had improved. Nevertheless, the relocated houses were later criticized as being small and of low quality. The traditional local means of livelihood also changed, from farming and fishing to mainly being employed in paid work. Yet, because of the high cost of living, the villagers' actual living standards had not greatly improved. This study claims that, since the municipal government took a developmental approach and investors followed market logic, the interests of the local poor were sacrificed to tourism development. This suggests that if tourism development is to reduce local levels of poverty, the interests of the local community should be front and center. Particularly in cases when tourism development tends to cause the transformation of local means of production, supportive initiatives and proper supervision and management strategies are needed in helping the poor adapt to new conditions.