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oai:riuma.uma.es:10630/354442026-02-03T10:59:02Zcom_10630_2254col_10630_37953

Ortega-Aguaza, Bienvenido Ribeiro, Manuel Alector 2024-12-03T07:35:33Z 2024-12-03T07:35:33Z 2024-06-18 Ortega, B., & Ribeiro, M. A. (2024). An index of the economic dependence on Tourism. Tourism Economics, 0(0). https://doi.org/10.1177/13548166241262836 https://hdl.handle.net/10630/35444 10.1177/13548166241262836 This study proposes a methodology to construct a Tourism Economic Dependence Index for a sample of 144 countries spanning the period 1995–2019. This index aims to serve as a summary measure of countries’ dependence on tourism while controlling for differences in economic development levels across countries. Findings suggest that an index value of 20% may be considered a threshold for identifying highly tourism-dependent countries. Furthermore, the results of the index indicate that economies have experienced a slight trend toward higher levels of dependence on tourism since the global financial crisis. However, estimates from a panel convergence model suggest that the hypothesis of convergence toward a common long-run equilibrium in index levels across countries can be rejected. Instead, different groups of countries converging toward the same long-run equilibrium level of the index have been identified. eng open access Riqueza Turismo Análisis de datos de panel An index of the economic dependence on tourism. journal article