Tourism dependency and residents' happiness

Hazwan Haini and Pang Wei Loon

Annals of Tourism Research, 2023, vol. 101, issue C

Abstract: The relationship between the subjective well-being of the local population and international tourism is complex. We argue that tourism dependency exacerbate the negative implications arising from international tourism. Using data from 146 economies from 2005 to 2021, we estimate a dynamic panel model that accounts for potential endogeneity and simultaneity issues and an interaction term that captures the dynamic effects between international tourism arrivals and tourism receipts as a share of exports, our measure of tourism dependency. We find evidence that international tourism can promote residents' happiness, however, as economies become dependent on tourism as an export, this effect becomes negative. Policy implications are discussed.

Keywords: Happiness; Tourist arrivals; Life satisfaction; Subjective well-being; Tourism impact (search for similar items in EconPapers)
Date: 2023
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0160738323000531
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:anture:v:101:y:2023:i:c:s0160738323000531

DOI: 10.1016/j.annals.2023.103580

Access Statistics for this article

Annals of Tourism Research is currently edited by John Tribe

More articles in Annals of Tourism Research from Elsevier
Bibliographic data for series maintained by Catherine Liu ().