The Influence of Tourism on Income Inequality

Journal of Travel Research, Ahead of Print. This article examines the influence of tourism on income inequality on a global sample. Our analysis uses various econometric techniques for panel data including 97 countries over the period 2002–2014 categorized into three subsamples: 30 low- and lower-middle-income economies (LMEs), 25 upper-middle-income economies (UMEs), and 42 high-income economies…

Read on...

Economic policy uncertainty and demand for international tourism: An empirical study

Tourism Economics, Ahead of Print. The sensitivity of countries to the global macroeconomic uncertainty is directly related to the income level affecting, therefore, the demand for the outbound international tourism. Precisely, we observe that a higher economic policy uncertainty leads to more departures and more total expenditures but less expenditure per tourist – this finding…

Read on...