Tan, Sook Rei, Wood, Jacob, Jang, Haejin, Wong, Caroline, and Li, Changtai (2024) Tourism-induced growth and quality of life: the Singapore story. Asian-Pacific Economic Literature, 38 (1). pp. 204-224.

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Abstract

The influx of international tourists may affect the economic growth of destination countries by influencing the quality of life (QoL) of residents, the effects of which are unclear ex ante. Therefore, this study utilises the autoregressive distributed lag model to examine tourism-induced growth by taking into consideration the residents' QoL using Singapore as a case study. We also consider the factor of heterogeneous tourism demand by regions of origin in a market-based analysis using seemingly unrelated regression, motivated by the assumption that consumers from different markets differ widely over their preferences. This study seeks to contribute to an understanding of tourism as a source of sustainable economic development and as such provides important policy implications for practitioners and scholars alike.

Item ID:	82589
Item Type:	Article (Research - C1)
ISSN:	1467-8411
Copyright Information:	© 2024 Crawford School of Public Policy, The Australian National University and John Wiley & Sons Australia, Ltd. AAM may be made open access in an Institutional Repository after a 24 month embargo.
Date Deposited:	02 May 2024 04:05
FoR Codes:	38 ECONOMICS > 3801 Applied economics > 380116 Tourism economics @ 50% 38 ECONOMICS > 3802 Econometrics > 380205 Time-series analysis @ 50%
SEO Codes:	15 ECONOMIC FRAMEWORK > 1502 Macroeconomics > 150203 Economic growth @ 80% 15 ECONOMIC FRAMEWORK > 1599 Other economic framework > 159902 Ecological economics @ 20%
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