This study examines the influence of domestic tourism on economic vulnerability index (EVI). Domestic tourism spending has a significant effect in reducing EVI. These results are consistent with two sub-indices of EVI (shock index and exposure index). Interestingly, it is found that: (i) this impact is consistent in low- and lower-middle-income countries, while domestic tourism has a non-significantly effect in upper-middle and high-income countries of increasing EVI; (ii) these results are consistent in the long-run; and (iii) the impact of domestic tourism is consistent in both the 2002-2007 and 2008-2012 periods, but is statistically non-significant in the 2013-2017 period. Notably, we find that domestic tourism spending has a U-shape effect on EVI; while international tourism has an increasing effect.
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| http://www.ncbi.nlm.nih.gov/pmc/articles/PMC7573673 | PMC |
| http://dx.doi.org/10.1016/j.annals.2020.103063 | DOI Listing |
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