Tourism economics research: A review and assessment

This paper aims to provide the most up-to-date survey of tourism economics research and to summarise the key trends in its recent development. Particular attention is paid to the research progress made over the last decade in respect of approaches, methodological innovations, emerging topics, research gaps, and directions for future research. Remarkable but unbalanced developments have been observed across different sub-research areas in tourism economics. While neoclassical economics has contributed the most to the development of tourism economics, alternative schools of thought in economics have also emerged in advancing our understanding of tourism from different perspectives. As tourism studies are multi- and inter-disciplinary, integrating economics with other social science disciplines will further contribute to knowledge creation in tourism studies

Environmental management and hotel profitability: operating performance matters

While there is growing consensus on the benefits of going green, the relative benefits of revenue-enhancing and cost-cutting effects of environmental practices over performance have remained a more conservative and less explored phenomenon in corporate management studies. The present study investigates the two parallel mediation effects of cost-saving and revenue generation on profitability through environmental management practices. A bootstrap method is employed to make a statistical inference of the causal mediation effects. The data collected from the lodging industry in Antalya/Turkey revealed that the revenue-enhancing and cost-cutting effects of environmental participation have a positive impact on profitability, while no difference was identified in the strength of the indirect effects. In conclusion, the findings of this study indicate a complementary effect of cost reduction and revenue enhancement for green profit.Embora exista um consenso crescente sobre os benefícios ambientais, os benefícios relativos dos efeitos do aumento de receita e redução de custos das práticas ambientais sobre o desempenho permaneceram um fenómeno mais conservador e menos explorado nos estudos de gestão corporativa. O presente estudo investiga os dois efeitos paralelos de mediação de economia de custos e geração de receita sobre os resultados através de práticas de gestão ambiental. Um método bootstrap é utilizado para fazer uma inferência estatística dos efeitos da mediação causal. Os dados obtidos do setor de alojamento em Antalya/Turquia revelaram que os efeitos do aumento de receita e redução de custos da participação ambiental têm um impacto positivo no lucro das empresas, enquanto nenhuma diferença foi identificada na intensidade dos efeitos indiretos. Em conclusão, os resultados deste estudo indicam um efeito complementar de redução de custos e aumento de receita relativamente ao lucro verd

AN INSTRUMENTAL VARIABLES APPROACH TO MEASURING THE EFFECT OF EXTERNAL COMPETITIVE FORCES ON INDUSTRY ATTRACTIVENESS: EVIDENCE FROM THE TURKISH WHITE GOODS INDUSTRY DISTRIBUTION NETWORK

This study explores the role of industry forces in determining attractiveness of a particular industry. Consistent with the industry structure approach, the study argues that industry attractiveness is likely to be high with the decreasing threat of the central competitive force (known as rivalry among existing competitors). After verifying the inconsistency of the least-squares estimator, the research model was estimated via 2SLS procedure when the competitive rivalry is treated as endogenous variable and instrumented by the bargaining power of customers and the threat of substitute products. The data obtained from the Turkish white goods industry showed that the dealership business has mid-potential in generating reasonable sales and profits. This study, examining the causal link between competitive rivalry and industry attractiveness, contributes to the literature by applying instrumental variables regression model to test the endogeneity of the competitive rivalry