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Economic and Econometric Analysis of Tourism and Hospitality Industry
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Economic and Econometric Analysis of Tourism and Hospitality Industry

A special issue of Journal of Risk and Financial Management (ISSN 1911-8074). This special issue belongs to the section "Tourism: Economics, Finance and Management".

Deadline for manuscript submissions: closed (15 May 2023) | Viewed by 6528

Special Issue Editors

Dr. Sergej Gričar

E-Mail Website
Guest Editor
1. Faculty of Business and Management Sciences, University of Novo Mesto, Na Loko 2, SI-8000 Novo Mesto, Slovenia
2. Faculty of Economics and Informatics, University of Novo Mesto, Na Loko 2, SI-8000 Novo Mesto, Slovenia
Interests: time series in the tourism and hospitality industry
Special Issues, Collections and Topics in MDPI journals
Dr. Violeta Šugar

E-Mail Website
Guest Editor
Faculty of Economics and Tourism "dr. Mijo Mirkovic", Juraj Dobrila University of Pula, Pula, Croatia
Interests: entrepreneurship; international entrepreneurship; innovation and entrepreneurship; lean startup; social entrepreneurship; quality management; tourism
Special Issues, Collections and Topics in MDPI journals

Special Issue Information

Dear Colleagues,

The health economy is driven by tourism in many destinations, countries and even regions. Therefore, it is of great importance to analyse this part of the economy accordingly, and to predict future events credibly without misleading stories or discussions. Moreover, analysing past events could bring tourism to a higher level of productivity, customer satisfaction and price adjustment. Therefore, this Special Issue focuses on various strategies and methods for the tourism and hospitality industry.

It is of great importance to address the gaps in the strategic economic analysis of the tourism and hospitality sector by including the main economic and econometric findings in this Special Issue, in support of this research field. We encourage all scholars to contribute with their academic research, analysis or practical dissemination; thus, original papers not previously published elsewhere are sought after for the Special Issue. Topics include tourism economics, econometrics and tourism, quantitative research in tourism, hospitality and inflation, prices in tourism, inflation risks, volatility in cryptocurrencies, urban tourism, spatial tourism, strategies in tourism, time series and forecasting in tourism and unit root tests in tourism.

Dr. Sergej Gričar
Dr. Violeta Šugar
Guest Editors

Manuscript Submission Information

Manuscripts should be submitted online at www.mdpi.com by registering and logging in to this website. Once you are registered, click here to go to the submission form. Manuscripts can be submitted until the deadline. All submissions that pass pre-check are peer-reviewed. Accepted papers will be published continuously in the journal (as soon as accepted) and will be listed together on the special issue website. Research articles, review articles as well as short communications are invited. For planned papers, a title and short abstract (about 100 words) can be sent to the Editorial Office for announcement on this website.

Submitted manuscripts should not have been published previously, nor be under consideration for publication elsewhere (except conference proceedings papers). All manuscripts are thoroughly refereed through a single-blind peer-review process. A guide for authors and other relevant information for submission of manuscripts is available on the Instructions for Authors page. Journal of Risk and Financial Management is an international peer-reviewed open access monthly journal published by MDPI.

Please visit the Instructions for Authors page before submitting a manuscript. The Article Processing Charge (APC) for publication in this open access journal is 1400 CHF (Swiss Francs). Submitted papers should be well formatted and use good English. Authors may use MDPI's English editing service prior to publication or during author revisions.

Keywords

  • city tourism
  • destination management
  • exchange rates
  • forecasting and modelling
  • hospitality industry
  • inflation
  • planning in tourism
  • prices
  • shocks in tourism
  • tourism economics
  • tourism strategies

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Published Papers (2 papers)

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Research

17 pages, 1935 KiB  
Article
Tourism Development and Italian Economic Growth: The Weight of the Regional Economies
by Giorgio Colacchio and Anna Serena Vergori
J. Risk Financial Manag. 2023, 16(4), 245; https://doi.org/10.3390/jrfm16040245 - 17 Apr 2023
Cited by 1 | Viewed by 3601
Abstract
This research aims to study the relationship between economic growth and the increase in the tourism sector in Italy. Unlike most of the literature, we use the value added in the main economic sectors involved in tourism activity as a proxy for tourism [...] Read more.
This research aims to study the relationship between economic growth and the increase in the tourism sector in Italy. Unlike most of the literature, we use the value added in the main economic sectors involved in tourism activity as a proxy for tourism development. The use of the tourism value added allows us to analyze the effect of both international and domestic tourism on per capita GDP growth. The main working hypothesis we tested is whether the relationship between GDP growth and the expansion of the tourism sector is in any way influenced by the geographic area referenced and/or the time period considered. Accordingly, we conducted our analysis at both the national and subnational (cluster) levels, splitting the original sample into two equal subperiods (1997–2008 and 2009–2019). The panel VAR analysis shows that for the country as a whole, tourism growth depends on the past value of the economic growth rate, especially for the subperiod 2009–2019. The cluster analysis clarifies that these outcomes are strongly determined by the cluster that covers the wealthiest Italian regions. Full article
(This article belongs to the Special Issue Economic and Econometric Analysis of Tourism and Hospitality Industry)
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13 pages, 1285 KiB  
Article
Carbon Tax and Tourism Employment: Is There An Interplay?
by Laura Juznik Rotar
J. Risk Financial Manag. 2023, 16(3), 193; https://doi.org/10.3390/jrfm16030193 - 13 Mar 2023
Cited by 1 | Viewed by 2020
Abstract
The impact of the climate change response on the labour market is an important question for policymakers, while the net positive effect of green policies on the labour market is seen as one of the arguments in favour of a green transition. This [...] Read more.
The impact of the climate change response on the labour market is an important question for policymakers, while the net positive effect of green policies on the labour market is seen as one of the arguments in favour of a green transition. This is particularly important for the tourism labour market, which was severely hit by the COVID-19 pandemic. This study examined the effect of carbon taxes on tourism employment for European countries that have levied a carbon tax over the past thirty years. A macroeconomic panel data regression model ex-post study was applied by contrasting the obtained results via a robustness check. The estimation results indicate a slightly positive and significant association between the carbon tax and tourism employment, which was additionally tested by considering revenue recycling, early adopters of the carbon tax, and a higher carbon tax compared to countries with a lower carbon tax. We cannot conclude that these factors matter for tourism employment, proving the robustness of the results. Revenue-neutral carbon taxation, policies to address the skills gap, push and pull incentives, and active labour market policies to facilitate the quick re-integration of jobseekers into employment are viewed as pivotal to ensure a smoother transition toward a sustainable tourism labour market. Full article
(This article belongs to the Special Issue Economic and Econometric Analysis of Tourism and Hospitality Industry)
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