Tourism Economics & Policy

A special issue of Journal of Risk and Financial Management (ISSN 1911-8074). This special issue belongs to the section "Tourism: Economics, Finance and Management".

Deadline for manuscript submissions: closed (30 April 2022) | Viewed by 3209

Special Issue Editor


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Guest Editor
CEFAGE (UAlg)–Center for Advanced Studies in Management and Economics, Faculty of Economics, University of Algarve, Campus de Gambelas, Building 9, 8005-139 Faro, Portugal
Interests: financial econometrics; macroeconometrics; tourism; policy impacts

Special Issue Information

Dear Colleagues,

The tourism sector in many countries has grown significantly in recent decades and is now a major sector and a growth engine in many economies. Understanding the links between tourism, economics, and policy has been at the top of the research agenda in the field. Given the relevance of these linkages, this Special Issue aims to explore theoretical and empirical issues on the effects of policy formulation on tourism development that have driven the attention of tourism agents and policymakers worldwide.

Suggested topics include but are not limited to the following:

  • Aspects related to the influence of governance on tourism policies: political systems and tourism development; political interference in the governance of tourism; government policies and destination management; political systems and destination image; the policy, planning, and development of tourism; form of government and tourism development; local, national, and regional tourism policies and planning;
  • Finance and tourism: financial activity and tourism development, investment and tourism facilities;
  • Effects of tourism policy initiatives or the lack thereof: tourism taxation, aviation and tourism issues, tourism and the environment (including climate change), and destination competitiveness, among other issues;
  • Economic effects of tourism: tourism demand and forecasting, tourism supply and pricing, measuring tourism's economic contribution, the impacts and benefits of changes in tourism demand; cost/benefit analysis, the economic evaluation of special events, tourism investment and infrastructure, and the macroeconomic effects and management implications of tourism volatility.

Dr. Jorge Andraz
Guest Editor

Manuscript Submission Information

Manuscripts should be submitted online at www.mdpi.com by registering and logging in to this website. Once you are registered, click here to go to the submission form. Manuscripts can be submitted until the deadline. All submissions that pass pre-check are peer-reviewed. Accepted papers will be published continuously in the journal (as soon as accepted) and will be listed together on the special issue website. Research articles, review articles as well as short communications are invited. For planned papers, a title and short abstract (about 100 words) can be sent to the Editorial Office for announcement on this website.

Submitted manuscripts should not have been published previously, nor be under consideration for publication elsewhere (except conference proceedings papers). All manuscripts are thoroughly refereed through a single-blind peer-review process. A guide for authors and other relevant information for submission of manuscripts is available on the Instructions for Authors page. Journal of Risk and Financial Management is an international peer-reviewed open access monthly journal published by MDPI.

Please visit the Instructions for Authors page before submitting a manuscript. The Article Processing Charge (APC) for publication in this open access journal is 1400 CHF (Swiss Francs). Submitted papers should be well formatted and use good English. Authors may use MDPI's English editing service prior to publication or during author revisions.

Published Papers (1 paper)

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Research

15 pages, 584 KiB  
Article
Tourism Activity as an Engine of Growth: Lessons Learned from the European Union
by Velisaria Matzana, Aikaterina Oikonomou and Michael Polemis
J. Risk Financial Manag. 2022, 15(4), 177; https://doi.org/10.3390/jrfm15040177 - 11 Apr 2022
Cited by 8 | Viewed by 2895
Abstract
In this study, the linkage between tourism activity and economic development in 21 European countries is analyzed. The data are collected on an annual basis and cover the years from 1995 to 2017. The main purpose is to investigate empirically if there is [...] Read more.
In this study, the linkage between tourism activity and economic development in 21 European countries is analyzed. The data are collected on an annual basis and cover the years from 1995 to 2017. The main purpose is to investigate empirically if there is a long-run connection between tourism activity and the development of the economy by applying a multivariate model. For this purpose, generalized method of moments (GMM) and Granger causality tests are applied within a panel data framework. The results reveal that tourism contributes significantly to European countries’ economic growth. Furthermore, Granger causality analysis shows a unidirectional relationship between tourism and economic development, leading to sufficient evidence for the validity of the tourism-led-growth hypothesis. Therefore, for these European countries, the tourism–led growth hypothesis is supported (meeting our expectations). Full article
(This article belongs to the Special Issue Tourism Economics & Policy)
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