The dynamic role of tourism investment on tourism development and CO2 emissions.
This paper investigates the impact of tourism on income inequality in developing economies. The analysis utilizes a balanced panel data set from 1991 to 2012 on 49 developing economies around the world. The empirical findings confirm the long-run equilibrium relationship among the variables. Results from long-run elasticities indicate that tourism increases income inequality significantly. Further, the long-run elasticities on squared tourism revenue confirm the existence of Kuznets curve hypothesis between tourism revenue and income inequalities, meaning that if the current level of tourism becomes double then it will significantly reduce the income inequality in developing economies. Given these findings, our study offers significant value to the body of knowledge on the issue of tourism and income inequality in developing economies and also provides important policy implications.
The file attached to this record is the author's final peer reviewed version. The Publisher's final version can be found by following the DOI link.
Citation : Alam, M.S. and Paramati, S.R. (2017) The dynamic role of tourism investment on tourism development and CO2 emissions. Annals of Tourism Research, 66, pp. 213-215.
ISSN : 1873-7722
Research Institute : Institute for Applied Economics and Social Value (IAESV)
Peer Reviewed : Yes