A comparison of the moderating effect of tourism reliance on the economic development for islands and other countries |
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| Institution: | 1. Department of Marketing, College of Business, University of Texas at San Antonio, San Antonio, TX 78258, USA;2. Department of Economics, College of Business, University of Texas at San Antonio, San Antonio, TX 78258, USA;1. Hokkaido University, Kita-13, Nishi-8, Kita-ku,Sapporo, 060-8628, Japan;2. Toyohashi University of Technology, 1-1 Hibarigaoka,Tempaku-cho, Toyohashi, 441-8580, Japan;1. Department of Business and Management, Webster Vienna Private University, Vienna, Austria;2. Economics and Finance Subject Group, Portsmouth Business School, University of Portsmouth, Portland Street, Portsmouth, PO1 3DE, United Kingdom;3. Department of Economics, University of Pretoria, Pretoria, South Africa;4. Department of Economics, Democritus University of Thrace, Komotini, Greece;1. Department of Business Administration, Fu Jen Catholic University, New Taipei City, Taiwan;2. Jie Kune Precision Technologies Co., Ltd., Taoyuan City, Taiwan |
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| Abstract: | Tourism is usually one of the top industries in most countries, especially islands. However, there is some question as to whether there is a negative potential impact if a country relies too much on tourism as a means of economic development to the detriment of other industries such as manufacturing and agriculture. The purpose of this paper is to examine the moderating effect of tourism reliance on the relationship between tourism development and economic development for regular countries and island economies, including “small island developing states” (SIDS). This study uses quantile regression on panel data from the WDI database from 1995 through 2014 for all of the countries that report tourism and economic data. The findings demonstrate that tourism reliance does have a moderating effect on the relationship between tourism development and economic development for all countries, but mainly at higher levels of economic development. |
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| Keywords: | Tourism reliance Tourism development Economic development Quantile regression Islands/SIDS |
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