Paramati, Sudharshan Reddy, and Nguyen, Thanh Pham Thien (2023) The effects of national and international tourism on income inequality: evidence from Asia-Pacific economies. Equality, Diversity and Inclusion: An International Journal. (In Press)

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Abstract

Purpose: This paper explores the effect of tourism (national and international) indicators on income inequality in a sample of 21 Asia Pacific economies.

Design/methodology/approach: This study uses panel data set from 1995 to 2020 and employs panel autoregressive distributed lag (ARDL) method for the empirical investigation.

Findings: The empirical findings from the panel ARDL models suggest that all of the considered tourism indicators have significant negative impacts on income inequalities. The results remain consistent with alternative indicators and methods.

Social implications: The findings of this study will be critical for the policymakers to take effective measures to reduce the income inequality. Such measures could include promoting tourism in general, focusing on attracting international tourists or domestic tourists, and putting more weight on developing leisure or business tourism, which will boost the overall economic performance and alleviates inequalities in the society.

Originality/value: This is the first study to consider various forms of tourism indicators to see their impact on income inequality in the Asia–Pacific region, and offers important implications for the policy actions.

Item ID:	79667
Item Type:	Article (Research - C1)
ISSN:	2040-7149
Keywords:	Tourism indicators, Financial development, Per capita income, Trade openness, Income inequalities, Asia Pacific region
Copyright Information:	Copyright © 2023, Emerald Publishing Limited
Date Deposited:	08 Aug 2023 23:24
FoR Codes:	35 COMMERCE, MANAGEMENT, TOURISM AND SERVICES > 3508 Tourism > 350801 Impacts of tourism @ 50% 38 ECONOMICS > 3801 Applied economics > 380199 Applied economics not elsewhere classified @ 50%
SEO Codes:	11 COMMERCIAL SERVICES AND TOURISM > 1104 Tourism services > 110401 Economic issues in tourism @ 50% 15 ECONOMIC FRAMEWORK > 1502 Macroeconomics > 150206 Income distribution @ 50%
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