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The role of tourism in island economic growth and resilience

Author

Listed:
  • Fabio Mazzola
  • Pietro Pizzuto
  • Giovanni Ruggieri

Abstract

Purpose - The purpose of this paper is to verifying the economic resilience of islands and, in particular, the role of the tourism sector in the reaction to the most recent economic crisis. The analysis concerns insular contexts, such as the greater island regions in the Mediterranean basin. Design/methodology/approach - Static and dynamic panel data techniques are used for a sample of 13 island economies over a period of 16 years. Findings - Results show that the growth factors for regional islands are similar to the ones usually considered for other regions, but the tourism-led growth hypothesis is highly supported. Tourism demand more than supply plays a role together with accessibility. The crisis has reduced the importance of tourism supply, while tourism demand and accessibility have remained crucial for growth together with other traditional engines of growth. Originality/value - To the best of authors’ knowledge, none of the current works has considered territorial determinants and tourism indicators inside the same framework analyzing growth in island economies by considering the changes occurred during the crisis explicitly.

Suggested Citation

  • Fabio Mazzola & Pietro Pizzuto & Giovanni Ruggieri, 2019. "The role of tourism in island economic growth and resilience," Journal of Economic Studies, Emerald Group Publishing Limited, vol. 46(7), pages 1418-1436, November.
    • Handle: RePEc:eme:jespps:jes-04-2019-0172
    DOI: 10.1108/JES-04-2019-0172
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    Citations

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    Cited by:

    1. Nur Feriyanto, 2020. "Economic and Tourism Factors Affecting the Real Gross Regional Domestic Product: A Case Study," European Research Studies Journal, European Research Studies Journal, vol. 0(3), pages 736-756.
    2. Liangang Li & Shuoya Liu & Chen Li & Pingyu Zhang & Kevin Lo, 2022. "What Matters for Regional Economic Resilience Amid Multi Shock Situations: Structural or Agency? Evidence from Resource-Based Cities in China," Sustainability, MDPI, vol. 14(9), pages 1-18, May.
    3. Yang, Eunjung & Kim, Jinwon & Pennington-Gray, Lori & Ash, Kevin, 2021. "Does tourism matter in measuring community resilience?," Annals of Tourism Research, Elsevier, vol. 89(C).
    4. Liangang Li & Pingyu Zhang & Chengxin Wang, 2022. "What Affects the Economic Resilience of China’s Yellow River Basin Amid Economic Crisis—From the Perspective of Spatial Heterogeneity," IJERPH, MDPI, vol. 19(15), pages 1-20, July.

    More about this item

    Keywords

    Tourism; Resilience; Growth; Islands; Mediterranean; O15; P52; L83; R11;
    All these keywords.

    JEL classification:

    • O15 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Economic Development: Human Resources; Human Development; Income Distribution; Migration
    • P52 - Political Economy and Comparative Economic Systems - - Comparative Economic Systems - - - Comparative Studies of Particular Economies
    • L83 - Industrial Organization - - Industry Studies: Services - - - Sports; Gambling; Restaurants; Recreation; Tourism
    • R11 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes

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