The Moderating Role of Sustainable Factors on Tourism Development. A Dynamic Investigation for SIDS

Q4 Business, Management and Accounting

International Journal of Business and Management Science Pub Date : 2023-06-30 DOI:10.26666/rmp.ijbm.2023.3.5

Sheereen Fauzel

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Abstract

Using panel data from selected Small Island Developing States (SIDS) for 1995–2019, the present study explored the moderating role of sustainable factors mainly economic, social and environment on tourism development. Through the use of a dynamic econometric model, namely the Panel Vector Error Correction Model (PVECM), the results show that high growth rates, better education level as well as better health care in the host countries contributes towards tourism development. However, environmental degradation is seen as a deterrent factor. Furthermore, the Dumitrescu Hurlin panel causality tests confirm the existence of a bi directional causal link between tourism development and economic growth. Similar results were obtained for the environmental factor and tourism development as well as the social indicator, education and tourism development. Hence, the study supports that both environmental preservation policies alongside policies to attract tourists to the host countries should be adopted in order to boost sustainable tourism development.

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可持续因素对旅游发展的调节作用。小岛屿发展中国家动态调查

本研究利用1995-2019年选定的小岛屿发展中国家(SIDS)的面板数据，探讨了经济、社会和环境等可持续因素对旅游发展的调节作用。通过使用动态计量经济模型，即面板向量误差修正模型(PVECM)，结果表明，东道国的高增长率、更好的教育水平以及更好的医疗保健有助于旅游业的发展。然而，环境退化被视为一个威慑因素。此外，Dumitrescu Hurlin面板因果关系检验证实了旅游业发展与经济增长之间存在双向因果关系。环境因素与旅游发展、社会指标、教育与旅游发展的关系也得到了类似的结果。因此，本研究支持既要采取环境保护政策，又要采取吸引游客到东道国的政策，以促进旅游业的可持续发展。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

International Journal of Business and Management Science Business, Management and Accounting-Business and International Management

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期刊介绍： The International Journal of Business and Management Science (IJBMS) (Print: ISSN 1837-6614; Online: 1985-692X) is a double-blind peer-reviewed semiannual journal. Generally the journal publishes the articles that expand knowledge on business and management issues. Business Complexity and Performance Management were the two of the top ten problems IJBMS cover pageof 20th century management. In the 21st century, overcoming such problems seem to be challenging to educators and practitioners. Do educators and practitioners agree on which management skills are required for success in the 21st century? These all issues call for substantial research to achieve a very modern sustainable business era of the global economy. IJBMS intends to focus on the business and management issues with the vision of sustainable competitiveness along with scientific evidences. The quantitative approach for analyzing a research problem is promoted by IJBMS.

​The Moderating Role of Sustainable Factors on Tourism Development. A Dynamic Investigation for SIDS

Abstract

The Moderating Role of Sustainable Factors on Tourism Development. A Dynamic Investigation for SIDS