Showing papers by "Eliyathamby A. Selvanathan published in 2022"
TL;DR: This article analyzed the similarities in consumption patterns of consumers in ten Asian countries, utilizing three well-known system-wide demand models, namely, Rotterdam, CBS and AIDS, and found that consumption basket is less diversified for consumers in poor countries than those in relatively rich countries in Asia.
5 citations
04 Jan 2022
TL;DR: In 2019, the tourism sector generated US$1,733 billion in export revenue, which is around 7% of the world exports of goods and services, according to the World Tourism Organization (WTO), and 1462 million tourists travelled around the world as mentioned in this paper .
Abstract: According to the World Tourism Organization (WTO), in 2019, the tourism sector generated US$1,733 billion in export revenue, which is around 7% of the world exports of goods and services. During the same year, 1462 million tourists travelled around the world. With globalization, tourism has become a major export sector in many countries. While the tourism sector generates income, taxes, foreign exchange earnings and employment (Choi & Sirakaya, 2006; Dwyer & Forsyth, 2008), it also creates the same through multiplier effect on a number of other sectors of the economy, such as transport and communication, construction, education, health, retail and services, eventually leading to increased overall economic growth in most countries. One of the key elements for a successful tourism sector in a country is having good quality tourism related infrastructure, such as hotels, restaurants, transport, communication, highways etc. Most countries, especially developing countries, do not have the resources to invest in tourism related infrastructure and hence they heavily depend on Foreign Direct Investment (FDI). Naturally, FDI plays a significant role in the growth of the tourism sector. Several studies in the tourism literature have analysed the relationship between tourism and economic growth and reported that tourism positively affects economic growth (also known as tourism-led economic growth hypothesis). Some other studies found a significant relationship between tourism and trade. However, due to lack of FDI data at the sectorial level, there are not many published studies available that analyse the relationship between FDI and tourism growth. This study aims to fill that gap by analysing the relationship between FDI and tourism growth, in the case of China.
1 citations
TL;DR: In this paper , an augmented Environmental Kuznets Curve (EKC) hypothesis has been used to explain the relationship between environmental degradation and economic condition, and an augmented EKC framework was proposed to incorporate the effect of agriculture, forestation and energy consumption on CO2 emission and estimates the model using the data from 24 OECD countries between 1990 and 2018.
Abstract: ABSTRACT The Environmental Kuznets Curve (EKC) hypothesis has been used to explain the relationship between environmental degradation and economic condition. This study formulates an augmented EKC framework to incorporate the effect of agriculture, forestation and energy consumption on CO2 emission and estimates the model using the data from 24 OECD countries between 1990 and 2018. The study utilizes individual-country analysis and panel dynamic analysis for the empirical investigation. The results show a positive relationship between CO2 emission and fossil fuel use – a 1% increase in fossil fuel consumption will increase CO2 emission by 0.76%, and a negative relationship with renewable energy – a 1% increase in renewable energy consumption will reduce CO2 emission by 0.14%. The impact of forest cover and agricultural production on CO2 emission is mixed at the single-country level. The panel fixed-effect results reveal that a 1% increase in agricultural production and forest cover leads to a 0.04% and 0.63% increase in CO2 emission, respectively. There is also strong evidence supporting the presence of the EKC hypothesis. The global CO2 emission reduction strategies, such as carbon taxes and emission trading schemes, must acknowledge and incorporate the interplay among -key macro-level variables revealed in this study to enhance their effectiveness.
1 citations
TL;DR: In this paper , the authors examined the difference in food security between rural and urban households in Bangladesh and found that rural households are likely to be more food secure than urban households, while urban and rural livelihoods and lifestyles are different.
Abstract: ABSTRACT Within contemporary global food security discourse, the difference in food security issues between rural and urban households has received scant attention. Since urban and rural livelihoods and lifestyles are different, we hypothesized that the determinants of food security between rural and urban households could also be different. This study is one of the first attempts to thoroughly examine the difference in food security between rural and urban households in Bangladesh. Using recent field survey data from Bangladesh, and applying the binary logistic model, firstly, we find that rural households are likely to be more food secure than urban households. Secondly, this study finds that the determinants of food security vary between rural and urban households. Hence, policymakers and administrators must understand the specific community-level conditions so that they can identify which of the key variables must be addressed in the development of programmes to improve food security both in rural and urban areas.