Policies to increase business tourism income: A dynamic panel data model |
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| Authors: | Pedro Carvalho Miguel Ángel Márquez Montserrat Díaz-Méndez |
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| Affiliation: | 1. School of Technology and Management, Department of Economics and Management, Polytechnic Institute of Viana do Castelo, Viana do Castelo, Portugal;2. Department of Economics, University of Extremadura, Badajoz, Spain;3. Department of Management and Sociology, University of Extremadura, Badajoz, Spain |
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| Abstract: | This article aims to identify the determinants that influence business tourism income and that may be controlled by economic agents and policy makers of destination countries. For the development of the empirical study, a dynamic panel model by the Generalized Method of Moments (GMM) was estimated using the Gretl 2016a software, and a sample of 122 countries for the period 2002–2013 (12 years) was used. The study reveals that, for the development of policies to stimulate the growth in the short and long-term of business tourism income, countries should develop measures that encourage capital investment in tourism and foreign direct investment. |
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| Keywords: | Business tourism convention tourism meeting tourism planning policy |
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