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Tourism as an important impetus to promoting economic growth: A critical review


Li, KX and Jin, M and Shi, W, Tourism as an important impetus to promoting economic growth: A critical review, Tourism Management Perspectives, 26 pp. 135-142. ISSN 2211-9736 (2018) [Refereed Article]

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DOI: doi:10.1016/j.tmp.2017.10.002


This article reviews reasons why tourism is an impetus to promoting economic growth from perspectives of the measurement of its economic impacts, contributions to poverty reduction, the efficiency and productivity, and impacts of several external economic factors. To achieve this, a critical review was performed by selecting 346 papers from 11 tourism-related journals, published during 20002014. Main findings are summarized. First, previous studies confirmed tourism's positive economic impacts in most, but not all, circumstances. Second, through channels of prices, earnings, and government revenues, tourism can contribute to reducing poverty. Third, labor, capital, technology, environment, expenditures, revenues, and several external economic factors are key determinants of tourism efficiency and productivity. Additionally, to address how the issue has been researched, we perform an overview of primary data analysis techniques used in earlier studies. Finally, some policy considerations are proposed to promote tourism development, reduce poverty, improve tourism efficiency, and strengthen tourism competitiveness.

Item Details

Item Type:Refereed Article
Keywords:tourism, economic growth, poverty reduction, tourism efficiency and productivity, financial and economic crises, external economic factors
Research Division:Economics
Research Group:Applied economics
Research Field:Tourism economics
Objective Division:Commercial Services and Tourism
Objective Group:Tourism services
Objective Field:Economic issues in tourism
UTAS Author:Shi, W (Dr Wenming Shi)
ID Code:122061
Year Published:2018
Web of Science® Times Cited:76
Deposited By:Maritime and Logistics Management
Deposited On:2017-10-30
Last Modified:2019-07-31

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