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Öğe Exploring the linkage between tourism, governance quality, and poverty reduction in Latin America(Sage Publications Ltd, 2023) Dossou, Toyo Amegnonna Marcel; Ndomandji Kambaye, Emmanuelle; Bekun, Festus Victor; Eoulam, Abalou OmarIt has been of great concern for policymakers and government officials to increase the economic trajectory of living standards. Tourism development over the years is outlined in the extant literature as an alternative pathway to sustainable development. However, there has been no consensus on the combined impact of institutional quality and key macroeconomic indicators and how they moderate tourism development and eradicate poverty. Thus, there is a need to eradicate extreme poverty and achieve Sustainable Development Goals (SDGs) by the end of 2030 to remain focused on areas for policymakers and researchers. To achieve this goal, this study examines the moderating effect of governance quality on the relationship between tourism and poverty alleviation using a panel of 15 Latin American countries over the period 2003-2015 using fixed effect (FE) as an estimation technique. For soundness of analysis, we applied the Panel Corrected Standard Errors (PCSE) model estimation, the two-system generalized method of moment (GMM) model estimation in this study. Our findings show that governance quality contributes to poverty reduction, while tourism development exacerbates poverty. Interestingly, the results reveal that tourism and governance quality have complementary impacts in alleviating poverty. Further, policy prescriptions are outlined in the concluding section.Öğe Tourism and the Mediterranean Experience Amidst Environmental Issues: Fresh Insights from Panel Analysis(Econjournals, 2023) Bekun, Festus Victor; Dossou, Toyo Amegnonna Marcel; Eluwole, Kayode Kolawole; Lasisi, Taiwo Temitope; Uzuner, GizemAccording to the United Nations World Tourism Organization (UNWTO), tourism is critical to a country’s economic development. It acts as a catalyst for direct and indirect job creation, economic growth, and the attraction of foreign direct investment (FDI). To this end, the present study looks into the relationship between economic growth (GDP), domestic credit (DC), tourism (TR), FDI, and CO2 emissions for selected Mediterranean countries. This study employs panel corrected standard errors (PCSE) and dynamic ordinary least squares (DOLS) approaches to assure the trustworthiness of the findings. The empirical information gathered supports the idea that tourism adds to pollution in the analyzed blocs. Furthermore, the data supports the pollution haven hypothesis concept by demonstrating that an increase in FDI harms the environment. The study’s findings advocate for precautionary actions to alleviate the detrimental effects of tourism-related pollution. Ecotourism policies that support sustainable behaviors must be developed and implemented. Countries can establish a balance between economic growth and environmental protection by implementing such policies. Governments, policymakers, and stakeholders must work together to create effective frameworks and policies that promote responsible tourism. This research fills a knowledge vacuum by shedding light on the specific dynamics of Mediterranean tourism businesses. Economic growth, domestic credit, tourism, FDI, and CO2 emissions are all linked, according to empirical research. The findings highlight the importance of establishing ecotourism legislation and constructing sustainable infrastructure to reduce tourism’s negative environmental impacts. Countries may safeguard the long-term viability of their tourism businesses by finding a balance between economic growth and environmental protection. © 2023, Econjournals. All rights reserved.Öğe Trade openness, FDI, and income inequality: Evidence from sub-Saharan Africa(WILEY, 111 RIVER ST, HOBOKEN 07030-5774, NJ, 2021) Xu, Chenghong; Han, Mingming; Dossou, Toyo Amegnonna Marcel; Bekun, Festus VictorThe motivation for this study stems from the United Nations Sustainable Development Goals (UN?SDGs) and their impact by 2030. The UN highlights 17 SDGs that address pertinent local and global issues, one of which—SDG?10—has been devoted to reducing inequality. This study investigates the nexus between trade openness, foreign direct investment (FDI), and income inequality in sub?Saharan Africa using panel data from 2000 to 2015 and the generalized method of moment (GMM) technique approach. The findings show that FDI and income have a negative, statistically significant relationship with income inequality, signifying that as FDI and income per capita increase, the level of income inequality decreases. However, trade openness, education, political stability, corruption, and rule of law have a positive, statistically significant relationship with inequality. This study, therefore, offers some recommendations that will help policymakers. First, develop good policies to attract more foreign investors, which will contribute to creating employment opportunities in the region. Second, create more infrastructures to provide good quality education. Third, implement a good policy to motivate local production which will contribute to creating jobs. Fourth, build a strong institution(s) to fight against corruption.