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14 October 2024 |
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Preliminary Results on the Employment Effect of Tourism. A meta-analysis | | Giotis Georgios
; | | Date: |
1 Jun 2022 | | Abstract: | Unemployment is one of the most important issues in every country. Tourism
industry is a dynamic sector which is labor augmented and can create jobs,
increase consumption expenditures and offer employment opportunities. In the
analysis of this work, the empirical literature on this issue is presented,
which indicates that tourism can play a vital and beneficial role to increase
employment. This paper uses meta-analysis techniques to investigate the effect
of tourism on employment, and finds that the vast majority of the studies
reveal a positive relationship. The mean effect of the 36 studies of the
meta-sample, using Partial Correlations, is 0.129. This effect is similar to
the regression results which is around 0.9, which is positive and statistically
significant, clearly indicating that tourism is effective in the creation of
jobs and offers employment opportunities. Moreover, evidence of selection bias
in the literature in favor of studies which produce positive estimates is
found, and once this bias is corrected the true effect is 0.85-0.97. | | Source: | arXiv, 2206.00174 | | Services: | Forum | Review | PDF | Favorites | |
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