Globalization of the tourism industry: scales, levels and institutional formats
-
Author(s)Dmytro LukianenkoLink to ORCID Index: https://orcid.org/0000-0002-3475-2126
,
Anatoly PoruchnikLink to ORCID Index: https://orcid.org/0000-0002-6740-796X
,
Yaroslava StoliarchukLink to ORCID Index: https://orcid.org/0000-0001-9124-6310
,
Olena LiutakLink to ORCID Index: https://orcid.org/0000-0002-4293-0586
-
DOIhttp://dx.doi.org/10.21511/ppm.17(2).2019.44
-
Article InfoVolume 17 2019, Issue #2, pp. 563-574
- Cited by
- 1005 Views
-
255 Downloads
This work is licensed under a
Creative Commons Attribution 4.0 International License
The article presents the author’s view of the impact of globalization, internationalization, transnationalization on the development of the international tourism industry with the substantiation of the features of institutional transformations caused by large-scale, structural and other changes in the world economy, in particular, the analysis of the development of the tourism industry of the leading countries, which are centers to attract tourist flow (France, USA, Spain, China, Italy), as well as Ukraine. As a result of correlation and regression models, the potential of the industry and its investment attractiveness were established. It is proved that within the countries’ economic activity, the tourism sector makes a significant contribution to the creation of the gross national product. Characterizing the coefficients in the multivariate regression equation, it can be stated that the most significant impact on GDP is the factor of “Income from international tourism”, since for all countries, it has a positive value greater than one. As for such a factor as “Total investment in the tourism industry”, for all but Ukraine, this factor is characterized by a negative impact on GDP, which determines the high costs of infrastructure development, which are not always paid off by the income of the incoming tourist flow in the short term.
-
JEL Classification (Paper profile tab)L83, M38
-
References39
-
Tables4
-
Figures0
-
- Table 1. Macroeconomic indicators of the international tourism market
- Table 2. Leading countries in terms of investment in tourism for the period 2000–2016, USD billion
- Table 3. Key indicators of tourism industry development in 2016
- Table 4. Modelling the impact of tourism on GDP
-
- Aleksandrova, A. Yu. (2010). International tourism (464 p.). M.: Knorus.
- Alves, A. B., Farias, G. B., & Neto, J. G. S. (2013). O uso da informação no setor turístico.
- Аron, R. (2000). Peace and war between nations (V. Shovkun, Z. Borysiuk, H. Filipchuk, Trans.) (688 p.). К.: MP “Yunivers”.
- Buckley, P., & Casson, M. (1985). The Economic Theory of the multinational enterprise (326 р.). London, Macmillan.
- Carney, M., & Gedajlovic, E. (1991). Vertical Integration in Franchise Systems: Agency Theory and Resource Explanations. Strategic Management Journal, 12(8), 607-629.
- Caves, R. E., & Murphy, W. F. (1976). Franchising: Firms, Markets, and Intangible Assets. Southern Economic Journal, 42(4), 572-586.
- Coase, R. (1987). The Nature of Firms and Their Costs.
- Cooper, C., & Hall, M. (2002). Tourism and Development: Conceptsand Issues (398 p.). Buffalo, Toronto, Sydney: Channel View Publications.
- Desai, M. A., Foley, C. F., & Forbes, K. J. (2004). Financial Constraints and Growth: Multinational and Local Firm Responses to Currency Crises (NBER Working Paper No. 10545).
- Dicken, P. (1998). Global shift: transforming the world economy (342 p.). New York, London: The Guilford Press.
- Dunning, J. H., & Kundu, S. K. (1995). The internationalization of the hotel industry: some new findings from a field study. MIR: Management International Review, 30(2), 101-133.
- Erramilli, M. K. (1991). The Experience Factor in Foreign Market Entry Behavior of Service Firms. Journal of International Business Studies, 22(3), 479-501.
- Falaster, C., Zanin, L. M., & Guerrazzi, L. A. (2017). Teoria institucional na pesquisa em turismo: novas oportunidades de uma teoria em evolução. Revista Brasileira de Pesquisa em Turismo, 11(2), 270-293.
- Franchise Direct. (n.d.). Top 100 Report 2017: Intro & Overview.
- Greenwood, R., Raynard, M., Kodeih, F., Micelotta, E. R., & Lounsbury, M. (2011). Institutional Complexity and Organizational Responses. Academy of Management Annals, 5(1), 317-371.
- Hazbun, W. (n.d.). The Other Side of Fordism: International Tourism and the Making of the Global Economy.
- Hornberger, K., & Nevill, H. (2011). Should we be promoting tourism sector investment.
- Hotel business (2015).
- Johanson, J., & Vahlne, J.-E. (1977). The Internationalization Processoftire Firm – A Model of Knowledge Development and Increasing Market Commitments. Journal of International Business Studies, 8(1), 23-32.
- Jones, G. (2010). Multinational strategies and developing countries in historical perspective (58 p.). Harvard Business School.
- Maharaj Vijay Reddy (2013, January 14). Global Tourism and Travel Industry: Performance During the Double-Dip Recession and Recommendations for Transition to a Green Economy. The World Financial Review.
- Matias, A. (2007). Economia do Turismo (384 p.). Lisboa: Instituto Piaget.
- Matthews, R. C. O. (1986). The Economics of Institutions and Sources of Growth. The Economic Journal, 96, 903-918.
- Milner, B. Z. (2000). Теорія організації [Teoriia orhanizatsii].
- Mundt, I. M. (2002). Internationale Strategienvon Tourismus unternehmen. In W. Von Pompl & M. G. Lieb (Eds.), Internationales Tourismus-Management: Herausforderungen, Strategien, Instrumente (pp. 127-151). Munchen: Vahlen.
- North, D. C. (1990). Institutions, institutional change and economic performance. New York: Cambridge University Press.
- Rădulescu, I. G. (2017). The Role of International Financial Institutions in Tourism Development. Economic Insights – Trends and Challenges, VI(LXIX)(2), 45-52.
- Reisinger, Y. (2009). International Tourism: Cultures and Behavior.
- Rostow, W. W. (2015). The take-off into self-sustained growth. The economic Jornal, 66(261), 25-48.
- Sorokin, P. A. (2004). Sociology of revolution (659 p.). M.: Russian Political Encyclopedia (ROSSPEN).
- Statista (2019). Hotel industry - Statistics & Facts.
- Tinbergen, Ya. (1980). Revision of the international order (416 p.). M.: Progress.
- UNWTO (2015). UNWTO Tourism Highlights.
- World Atlas of Data. (n.d.).
- World Tourism Organization (UNWTO).
- World Travel & Tourism Council. (2015). Travel & Tourism Economic Impact 2015 World.
- World Travel & Tourism Council. (2017). Hospitality & Tourism investment: forces for the future.
- Zablotska, R. О. (2008). System of institutional regulation of world trade in services: monograph (368 p.). К.: Publishing and printing center “Kyiv University”.
- Zimny, Z. (2005). Foreign Direct Investment and Transnational Corporations in Tourism in Developing Countries.
