Tourism‐induced growth and quality of life: the Singapore story

Sook Rei Tan, Jacob Wood, Haejin Jang, Caroline Wong and Changtai Li

Asian-Pacific Economic Literature, 2024, vol. 38, issue 1, 204-224

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.

Date: 2024
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https://doi.org/10.1111/apel.12413

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Persistent link: https://EconPapers.repec.org/RePEc:bla:apacel:v:38:y:2024:i:1:p:204-224

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