An index of the economic dependence on Tourism

• Bienvenido Ortega ^[1] ; Manuel Alector Ribeiro ^{[2] [3] [4]}
  1. [1] Universidad de Málaga

     Universidad de Málaga

     Málaga, España

     
  2. [2] University of Surrey

     University of Surrey

     Guildford District, Reino Unido

     
  3. [3] University of Johannesburg

     University of Johannesburg

     City of Johannesburg, Sudáfrica

     
  4. [4] Universidade do Algarve

     Universidade do Algarve

     Faro (Sé), Portugal

     

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• Localización: Tourism economics: the business and finance of tourism and recreation, ISSN 1354-8166, Vol. 31, Nº. 3, 2025 (Ejemplar dedicado a: Special Focus: QATEM 2023), págs. 426-452
• Idioma: inglés
• Texto completo no disponible (Saber más ...)
• Resumen

  • This study proposes a methodology to construct a Tourism Economic Dependence Index for a sample of 144 countries spanning the period 1995–2019. This index aims to serve as a summary measure of countries’ dependence on tourism while controlling for differences in economic development levels across countries. Findings suggest that an index value of 20% may be considered a threshold for identifying highly tourism-dependent countries. Furthermore, the results of the index indicate that economies have experienced a slight trend toward higher levels of dependence on tourism since the global financial crisis. However, estimates from a panel convergence model suggest that the hypothesis of convergence toward a common long-run equilibrium in index levels across countries can be rejected. Instead, different groups of countries converging toward the same long-run equilibrium level of the index have been identified.