Work

Can tourism activity stabilize cyclical employment?

Year: 2022

Type: article

Abstract: Being the most interesting component of total employment, directly related to the business cycle, cyclical employment is a frequent topic of macroeconomic analysis. It is generally acknowledged and empirically proven that cyclical employment related to many economic activities, such as trade or construction, is highly synchronized with the fluctuation of GDP. The aim of this paper is to explore whether the same conclusion is valid in the case of tourism. Our results show that cyclical employment related to tourism activity acts slightly different and has a potential to stabilize the overall cyclical employment during the different phases of business cycle. It contributes to a better understanding of the role of tourism activity on labor market.

Source: Annals of Tourism Research Empirical Insights

DOI: 10.1016/j.annale.2022.100043

Authors: Ivan Kožić, Ivan Sever

Institution: Institute for Tourism

Language: English

Topic: Diverse Aspects of Tourism Research

Subfield: Sociology and Political Science

Field: Social Sciences

Domain: Social Sciences

SDG: Decent work and economic growth

Open Access status: gold

Estimated APC paid: $1,700