Sustainable tourism development and globalization: Recent insights from the United States

Arshian Sharif (), Subhan Ullah, Muhammad Shahbaz and Mantu Kumar Mahalik

Sustainable Development, 2021, vol. 29, issue 5, 957-973

Abstract: Our study explores the relationship between tourism and globalization (both overall, and in terms of three sub‐indices, namely economic, social, and political globalization) in the United States (US) using monthly data from January 1995 to December 2017. We employ the quantile‐on‐quantile (QQ) regression technique for our analysis. The sample period of the present study allows the separate examination of the relationship between globalization and tourism both before the global financial crisis (1995–2007) and after (2008–2017). The findings suggest that in the US during the precrisis era, all the globalization indices and tourism are positively bidirectionally related. During the postcrisis period, all globalization indices positively affect tourism, but tourism has a negative effect on economic and political globalization. The theoretical and policy implications of the empirical findings are discussed.

Date: 2021
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https://doi.org/10.1002/sd.2187

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Persistent link: https://EconPapers.repec.org/RePEc:wly:sustdv:v:29:y:2021:i:5:p:957-973

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