Diversification in the tourism sector and economic growth in Australia: a disaggregated analysis

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dc.authoridBekun, Festus Victor/0000-0003-4948-6905
dc.authoridLASISI, TAIWO TEMITOPE/0000-0003-1912-5391
dc.authoridadebola, Sakiru/0000-0001-7722-1029
dc.authoridHossain, Md. Emran/0000-0001-6882-0177
dc.contributor.authorSolarin, Sakiru Adebola
dc.contributor.authorLasisi, Taiwo Temitope
dc.contributor.authorHossain, Md. Emran
dc.contributor.authorBekun, Festus Victor
dc.date.accessioned2024-09-11T19:50:06Z
dc.date.available2024-09-11T19:50:06Z
dc.date.issued2023
dc.departmentİstanbul Gelişim Üniversitesien_US
dc.description.abstractIn most countries inclusive of Australia, tourism policies do not only deal with how to diversify tourism markets but also how to diversify tourism activities. Efforts are often made to increase the inflows of tourists from different source markets and to improve arrivals for various tourism activities. However, the existing literature on the economic impact of the diversification of the sector has not dealt with the economic impact of diversification of tourism markets. This study aims to examine the economic impact of diversification of both tourism markets and tourism activities. Using a newly developed tourism diversification index, the focus of the study is on Australia for the period, 1976-2020. Utilizing a dynamic autoregressive lag simulation approach, the results suggest that diversification of tourism markets and activities generated positive economic growth in Australia in line with the notion of tourism-led growth hypothesis. Empirical results outline that a 1% increase in diversification of tourism markets and activities generated increases in the gross domestic product by 0.010% and 0.070%, respectively. One of the implications of the results is that policies to diversify tourism markets and activities will be beneficial to the economy in Australia.en_US
dc.identifier.doi10.1002/jtr.2593
dc.identifier.endpage564en_US
dc.identifier.issn1099-2340
dc.identifier.issn1522-1970
dc.identifier.issue6en_US
dc.identifier.scopus2-s2.0-85163640093en_US
dc.identifier.startpage543en_US
dc.identifier.urihttps://doi.org/10.1002/jtr.2593
dc.identifier.urihttps://hdl.handle.net/11363/7559
dc.identifier.volume25en_US
dc.identifier.wosWOS:001020961300001en_US
dc.identifier.wosqualityQ1en_US
dc.indekslendigikaynakWeb of Scienceen_US
dc.language.isoenen_US
dc.publisherWileyen_US
dc.relation.ispartofInternational Journal of Tourism Researchen_US
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanıen_US
dc.rightsinfo:eu-repo/semantics/closedAccessen_US
dc.snmz20240903_Gen_US
dc.subjectAustraliaen_US
dc.subjectdiversificationen_US
dc.subjectdynamic ARDL simulationen_US
dc.subjecteconomic growthen_US
dc.subjecttourism activitiesen_US
dc.subjecttourism marketsen_US
dc.titleDiversification in the tourism sector and economic growth in Australia: a disaggregated analysisen_US
dc.typeArticleen_US

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