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Transforming competitiveness into economic benefits: Does tourism stimulate economic growth in more competitive destinations? |
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| Institution: | 1. Department of International Logistics, Chung-Ang University, 221 Heuk Seok-Dong, Dong jak-Gu, Seoul, Republic of Korea;2. Department of International Trade and Logistics, Graduate School of Chung-Ang University, 221 Heuk Seok-Dong, Dong jak-Gu, Seoul, Republic of Korea;3. Maritime and Logistics Management, Australian Maritime College, University of Tasmania, Launceston, TAS 750, Australia;1. School of Business and Law, Central Queensland University, PO Box 7815, Cairns QLD 4870, Australia;2. College of Business, Law and Governance, James Cook University, Townsville QLD 4811, Australia;1. Akdeniz University, Tourism Faculty, Campus, Antalya, Turkey;2. University of Seville, Tourism and Finance Faculty, Seville, Spain;1. Faculty of Business and Economics, Eastern Mediterranean University, Famagusta, Cyprus;2. Faculty of Tourism, Eastern Mediterranean University, Famagusta, Cyprus |
| Abstract: | This research note investigates the impact of a destination's competitiveness upon tourism's contribution to economic growth using a cross-section with 131 countries. Destination competitiveness is measured with the World Economic Forum's Travel and Tourism Competitiveness Index, while tourism's contribution to economic growth is measured with the growth decomposition methodology. Results reveal that destination competitiveness has no statistically significant impact on tourism's contribution to economic growth. Tourism policy implications and directions for future research are also discussed. |
| Keywords: | Tourism and economic growth Growth decomposition methodology Destination competitiveness World Economic Forum Travel and Tourism Competitiveness Index |
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