Browsing by Subject "Economic growth"

Now showing 1 - 3 of 3
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    A new look to the tourism and economic growth nexus: a clustering and panel causality analysis
    (Wiley, 2023-09) Albaladejo Pina, Isabel Pilar; Brida, Juan Gabriel; González Martínez, María Isabel; Segarra Salgueiro, Verónica; Métodos Cuantitativos para la Economía y la Empresa
    This paper explores the dynamic relationship between tourism and economic growth using panel data for 144 countries over the period 1995–2019. The study was carried out in two steps. First, the set of countries was classified by considering simultaneously two criteria, tourism and the economic development of the countries over time. Two classifications of homogeneous countries with four clusters each are obtained using a non-parametric methodology and two tourism indicators. Second, the Granger causality was tested for each of the identified groups and the entire sample. The results determined that there were significant differences between clusters and that causality from tourism to economic growth could only be verified for the group of countries with low income and low tourism. This relationship was confirmed by estimating impulse response functions, which showed a positive response of economic growth to innovations in tourism. The tourism sector could, therefore, be a way out of poverty and generate development and prosperity in low-income countries that are in the early stages of tourism developmen.
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    Evaluating the relationship between income inequality, renewable energy and energy poverty in the V4 countries
    (Elsevier, 2024-06-20) Simionescu, Mihaela; Cifuentes Faura, Javier; Ciencia Política, Antropología Social y Hacienda Pública; Facultad de Economía y Empresa
    The European Union has prioritized addressing energy poverty, as outlined in the "Clean Energy for all Europeans Package". The recent international context dominated by the COVID-19 pandemic and Russia war in Ukraine, have exacerbated this issue because of the substantial energy prices growth. Since eradicating energy poverty necessitates long-term policy implementation, the primary objective of this study is to evaluate the impact of income inequality and other economic and social factors (output per capita, renewable energy use) on energy poverty as measured by three indicators (total utility bill arrears, utility bill arrears for households with dependent children, population unable to maintain adequate). The findings based on mean group estimators for the V4 (Poland, Hungary, Czech Republic, Slovakia) countries from 2005 to 2022 suggest that income inequality, proxied by the Gini index, exacerbates energy poverty. However, sustainable economic growth has the potential to alleviate energy poverty. Policy recommendations include reducing income inequality, reforming renewable energy policies, to encourage the development of renewable energy sector and green industries.
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    International tourism in the digital era: key factors driving economic growth
    (Springer, 2026-04-30) Moreno Enguix, María del Rocío; Gras Gil, Ester; Santos Jaén, José Manuel; Economía Financiera y Contabilidad; Facultades de la UMU::Facultad de Economía y Empresa
    Tourism revenue is a crucial component of national income, contributing significantly to economic and social development. This study examines the complex relationships among key determinants of international tourism receipts (ITTR) using a sample of 95 countries over the period 2013–2022, excluding the years 2020 and 2021 to avoid distortions associated with the COVID-19 pandemic. To analyze how these variables interact and jointly influence tourism income, the study employs a structural equation modeling approach. The results reveal positive and significant effects of Internet connectivity, security conditions, resource availability, and price competitiveness on ITTR. Among these determinants, GDP plays a central role, not only through its direct influence on Internet connectivity but also indirectly by enhancing ITTR via improved digital infrastructure. Furthermore, the findings indicate that price competitiveness exerts both direct and moderating effects on ITTR, strengthening the impact of Internet connectivity in higher-cost destinations.