A revised perspective on tourism-economic growth nexus, exploring tourism market diversification

Behnaz Saboori*, Zahed Ghader, Abdorreza Soleymani

*Corresponding author for this work

Research output: Contribution to journalArticlepeer-review

Abstract

In this study for the first time, we examined the effect of tourism market diversification (TMD) on economic growth for 109 countries categorized by income groups. Employing Quantile regression, the results revealed that TMD contributes to the economic growth of low- and lower-middle-income countries only at the lower, and lower-to-intermediate quantiles. In high-income countries, TMD not only has no significant effect on economic growth at lower quantile of GDP, but its effect tends to be negative at higher quantiles. Our findings indicated that TMD strategies work better at lower levels of economic growth than at higher levels of economic growth.

Original languageEnglish
JournalTourism Economics
DOIs
Publication statusAccepted/In press - 2022

Keywords

  • C22
  • economic growth
  • global context
  • JEL classification: Z32
  • O11
  • quantile regression
  • tourism market diversification

ASJC Scopus subject areas

  • Geography, Planning and Development
  • Tourism, Leisure and Hospitality Management

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