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111964 BEST



EconPapers FAQ Archive maintainers FAQ Cookies at EconPapers Format for printing The RePEc blog The RePEc plagiarism page Importing to Feed International Tourists: Growth Implications for Islands across the GlobeFrancis Baidoo, Lei Pan, Vera Ogeh Lassey Fiador and Elikplimi Komla AgbloyorMPRA Paper from University Library of Munich, GermanyAbstract:Employing bootstrapped fixed and random effects estimation techniques on five-year-non-overlapping-averaged data, covering 1980 through 2019, this study, firstly, investigates, empirically, the potential bi-causal relationship between international tourist arrivals and the importation of consumables/merchandises, in the case of 45 sovereign islands. The growth implication of a concurrent pursuit of tourism expansion and merchandise importations is also examined. The study further investigates how over-reliance on imported merchandise to feed international tourists, and over-specialisation in the tourism sector, affect the tourism-led-growth hypothesis in case of these islands. Results from the study postulate that an increase in arrivals of international tourists significantly leads to an increase in the importation of consumable merchandises, and vice versa. Moreover, a moderate importation of merchandises to sustain tourist arrivals is significantly observed not to be detrimental to the growth of islands across the globe. However, the results further reveal that over-reliance on imported merchandises for the sake of international tourists, as well as over-specialisation in tourism with the help of imported merchandises, both exert significant detrimental net effects on the economic growth of islands across the globe. The findings hold policy guidelines for the pursuit of tourism-led and merchandise-import-led growth strategies among global islands.Keywords: Merchandise importation; Tourism specialisation; Economic growth; Global islands; Fixed and random effects (search for similar items in EconPapers)JEL-codes: O4 (search for similar items in EconPapers)Date: 2022-02-13New Economics Papers: this item is included in nep-int and nep-turReferences: View references in EconPapers View complete reference list from CitEc Citations: Track citations by RSS feedDownloads: (external link) -muenchen.de/111964/1/MPRA_paper_111964.pdf original version (application/pdf) -muenchen.de/114131/1/Importing ... ss%20the%20Globe.pdf revised version (application/pdf)Related works:This item may be available elsewhere in EconPapers: Search for items with the same title.Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/TextPersistent link: :pra:mprapa:111964Access Statistics for this paperMore papers in MPRA Paper from University Library of Munich, Germany Ludwigstraße 33, D-80539 Munich, Germany. Contact information at EDIRC.Bibliographic data for series maintained by Joachim Winter (Obfuscate( 'lmu.de', 'winter' )). var addthis_config = "data_track_clickback":true; var addthis_share = url:" :pra:mprapa:111964"Share This site is part of RePEc and all the data displayed here is part of the RePEc data set. Is your work missing from RePEc? Here is how to contribute. Questions or problems? Check the EconPapers FAQ or send mail to Obfuscate( 'oru.se', 'econpapers' ). EconPapers is hosted by the Örebro University School of Business.




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