Determinants to Configure the Economy of Tourist Industries for the Tourism-Led Growth Hypothesis

Authors

  • Kantaro Takahashi Tokyo Metropolitan University

Keywords:

Tourism economic impact, Tourism-led growth hypothesis, Binary Model, Small States Economies

Abstract

This study addresses the configuration of economies dominated by the tourism industry and investigates whether tourism-led growth applies to them. The results show that small countries tend to base their economy largely on tourism. High tourism industry shared countries are also likely to have low economic openness and established domestic markets. Additionally, economically booming countries are unlikely to be tourism-dominated. In summary, the tourism-led growth hypothesis applies to small countries with established domestic economies and limited economic openness, while it may not apply to developing countries, especially those in the process of an economic boom.

Author Biography

Kantaro Takahashi, Tokyo Metropolitan University

Kantaro Takahashi is a Ph.D. student at the Department of Tourism Science, Graduate Schools of Urban Environmental Science, Tokyo Metropolitan University. He mainly studies econometrics and tourism economics. His Ph.D. studies explore small island economies and tourism.

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Published

2018-12-09

How to Cite

Takahashi, K. (2018) ‚ÄúDeterminants to Configure the Economy of Tourist Industries for the Tourism-Led Growth Hypothesis‚ÄĚ, e-Review of Tourism Research, 16(1). Available at: https://ertr-ojs-tamu.tdl.org/ertr/article/view/293 (Accessed: 6 December 2023).

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Section

Articles