Domo Arigato Gozaimasu: Economic Spillovers of Regional Tourism in Japan

20 Pages Posted: 3 May 2018

See all articles by Niccolo' Comerio

Niccolo' Comerio

LIUC - Università Cattaneo

Fausto Pacicco

LIUC - Università Cattaneo

Date Written: April 17, 2018

Abstract

A growing body of literature investigates the relationship between tourism and economic growth (Brida et al. 2016); even if sub-national studies are deemed relevant in order to analyze the issue (Pablo-Romero and Molina, 2013), these are rare: thus, we aim to provide a first analysis of the bi-univocal relationship between tourism and economic growth for Japanese regions and prefectures, using multiple Granger Causality tests in a Bayesian VAR model, from 2007 to 2014. We find that either (or both) tourism-led growth hypothesis and economic-led tourism hypothesis are supported empirically in 4 out of 8 regions and in 19 out of 47 prefectures, in univocal or bi-univocal direction, proving that sub-national territories do not always display the behaviour found on the national level.

Our findings suggest the use of tourism as a policy instrument able to stimulate economic growth on sub-national level, even if some regional discrepancies are to be expected.

Keywords: Regional Tourism, Granger Causality, Japan, tourism-led growth hypothesis, economic-led tourism hypothesis

Suggested Citation

Comerio, Niccolo' and Pacicco, Fausto, Domo Arigato Gozaimasu: Economic Spillovers of Regional Tourism in Japan (April 17, 2018). Available at SSRN: https://ssrn.com/abstract=3164287 or http://dx.doi.org/10.2139/ssrn.3164287

Niccolo' Comerio

LIUC - Università Cattaneo ( email )

Corso Matteotti
Castellanza (VA)
Italy

Fausto Pacicco (Contact Author)

LIUC - Università Cattaneo ( email )

Corso Matteotti
Castellanza (VA)
Italy

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