Provincial Government Spending on Socio-cultural Issues and Tourism Development in Vietnam

• Autorzy: Thao Duc Truong , Thanh Duc Tran , Hai Thi Nguyen , Phuong Cam Bui
• Języki publikacji: EN

Abstrakty

EN

While the relationship between government spending and economic development is well established, few have exam- ined government investment in socio-cultural issues related to the development of local tourism. The gap in the liter - ature and the importance of this topic have motivated the researchers to conduct this study. Given this fact, the main aim of the study is to examine how government spending on socio-cultural issues affected local tourism revenue in 63 provinces and cities in Vietnam over the period from 2010 to 2019. The study uses panel data for 63 provinces and cit- ies, spanning from 2010 to 2019, and employs a generalised method of moments (GMM) estimator, which takes into account the issues with simultaneity, omitted unobserved time-invariant variables, and potential dynamic endoge- neity in the econometric model. The study shows that for a one percentage point increase in local government spend- ing on socio-cultural issues, revenue from local tourism in- creases by 0.676%, and overall revenue by 0.790%, 2.106%, and 0.355% in the northern, central, and southern regions of Vietnam respectively. The study helps to explain the mechanism whereby local government expenditure influ- ences the development of tourism via (i) an increase in the number of returning tourists; and (ii) an increase in local tourism-related services and goods transactions, reflected in the number of goods transported across the locality. (original abstract)

Słowa kluczowe

EN

Local development; Tourism development; Government spending; Generalized method of moments (GMM)

PL

Rozwój lokalny; Rozwój turystyki; Wydatki państwa; Uogólniona metoda momentów

• Czasopismo: Forum Scientiae Oeconomia
• Rocznik: 2022
• Tom: 10
• Numer: nr 2
• Strony: 9--27

Twórcy

autor

Thao Duc Truong

• Dai Nam University, Hanoi, Vietnam

autor

Thanh Duc Tran

• Saigon International University, Ho Chi Minh City, Vietnam

autor

Hai Thi Nguyen

• VNU University of Science, Hanoi, Vietnam

autor

Phuong Cam Bui

• Thang Long University, Hanoi, Vietnam

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Identyfikatory

DOI

10.23762/FSO_VOL10_NO2_1