Industry level analysis of tourism-economic growth in the United States

By David N. Aratuo, Xiaoli L. Etienne. Tourism Management, 2019

117 citations recorded by the source corpus.

Abstract We investigate the relationship between economic growth and six tourism-related sub-industries (accommodation, air transportation, shopping, food and beverage, other transportation, and recreation and entertainment) in the United States in 1998–2017. Except for the lodging and the food and beverage sectors, no long-run relationship exists between other tourism sub-industries and economic growth. We uncover a unidirectional Granger causality from economic growth to each of the sub-industries. Causality is also found between the tourism industries but predominantly from industries providing local offerings (food, entertainment, shopping) to those delivering cross-destination goods and services. Our results suggest that tourism investment could be successful in the long-run even during periods of economic stagnation. In the short-run, however, tourism sectors could benefit from economic growth and tourism-related investment should take a cue from the general economy. Additionally, tourism-related investment and marketing efforts in the U.S. may wish to focus on the food, shopping, and leisure sectors.

Subfields: Economics and Econometrics, Sociology and Political Science, Transportation

View Paper: https://www.semanticscholar.org/paper/066097e89611ae0359ab35a4478b1ec9ca993639

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Citations in the corpus

Tourism, economic growth, energy consumption, and CO2 emissions in China (2020, background): “…of tourism for economic growth, hence numerous scholars have investigated the relationships between both tourism and economic growth (e.g. Antonakakis et al., 2019; Aratuo and Etienne, 2019; Aratuo et al., 2019; Balaguer and Cantavella-Jorda, 2002; Belloumi, 2010; Çalışkan et al., 2019; Chou,”