The Sustainability of Tourism: Global Comparative Evidence

African Journal of Hospitality, Tourism and Leisure, 9(1), pp.1-14, Forthcoming

18 Pages Posted: 27 Jan 2020

See all articles by Simplice Asongu

Simplice Asongu

African Governance and Development Institute

Nicholas Odhiambo

University of South Africa - Department of Economics

Date Written: 2019

Abstract

This study investigated the sustainability of global tourism in 163 countries for the period 2010 to 2015. Given the richness of the data-set, the data has been decomposed into 11 fundamental characteristics based on income levels, legal origins and openness to the sea. The empirical evidence was based on Generalised Method of Moments (GMM). Three main hypotheses were tested from which three broad findings were established. First, Hypothesis 1 is overwhelmingly valid because persistence in tourist arrivals is consistently an increasing function of income levels. Hypothesis 2 is not valid because French civil law countries are associated with comparatively higher levels of persistence in tourist arrivals. Hypothesis 3 is invalid because landlocked countries reflect higher levels of tourism persistence.

Keywords: Tourism Sustainability, Income Level, Generalised Method of Moments (GMM)

JEL Classification: D74, Z32, Z38

Suggested Citation

Asongu, Simplice and Odhiambo, Nicholas, The Sustainability of Tourism: Global Comparative Evidence (2019). African Journal of Hospitality, Tourism and Leisure, 9(1), pp.1-14, Forthcoming, Available at SSRN: https://ssrn.com/abstract=3512953 or http://dx.doi.org/10.2139/ssrn.3512953

Simplice Asongu (Contact Author)

African Governance and Development Institute ( email )

P.O. Box 8413
Yaoundé, 8413
Cameroon

Nicholas Odhiambo

University of South Africa - Department of Economics ( email )

PO Box 392
Pretoria, 0003
South Africa

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