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The Tourism Sector and U.S. Regional Macroeconomic Stability: A Network Approach

Author

Listed:
  • Jihye Min

    (College of Merchandising, Hospitality and Tourism, University of North Texas, Chilton Hall 331, 410 S Avenue C, Denton, TX 76201, USA)

  • Jerome Agrusa

    (School of Travel Industry Management, Shidler College of Business, University of Hawaii at Manoa, 2560 Campus Rd.—George Hall 346, Honolulu, HI 96822, USA)

  • Joseph Lema

    (Harrah College of Hospitality, University of Nevada Las Vegas, 4505 S. Maryland Pkwy., Las Vegas, NV 89154, USA)

  • Harold Lee

    (College of Merchandising, Hospitality and Tourism, University of North Texas, Chilton Hall 331, 410 S Avenue C, Denton, TX 76201, USA)

Abstract
This study investigates how the structural mix of USA regional economies affects their volatility of economic growth. Four exogenous sectors are chosen for this investigation: Federal Government, construction, manufacturing, and tourism. Perhaps unsurprisingly, evidence suggests that a larger share of Federal Government employment in an economy reduces the variability of overall employment growth, while a larger share of construction activity elevates it. More telling is a finding that, recently, manufacturing has not contributed as much to such variability, and that a larger tourism presence increases it. The increasing integration of technology in tourism offers significant opportunities for a network approach and innovation in regional development.

Suggested Citation

  • Jihye Min & Jerome Agrusa & Joseph Lema & Harold Lee, 2020. "The Tourism Sector and U.S. Regional Macroeconomic Stability: A Network Approach," Sustainability, MDPI, vol. 12(18), pages 1-12, September.
    • Handle: RePEc:gam:jsusta:v:12:y:2020:i:18:p:7543-:d:412878
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    References listed on IDEAS

    as
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    Cited by:

    1. Giotis Georgios, 2022. "Preliminary Results on the Employment Effect of Tourism. A meta-analysis," Papers 2206.00174, arXiv.org.

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