DOES THE HOUSE SLAVE EFFECT DEPRESS INTERNATIONAL TOURISM TRAVELLING?

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Economic Thought and Practice, Vol. 32 No. 2, 2023.

Preliminary communication

https://doi.org/10.17818/EMIP/2023/2.9

DOES THE HOUSE SLAVE EFFECT DEPRESS INTERNATIONAL TOURISM TRAVELLING?

Zdravko Šergo ; Institute of Agriculture and Tourism, Poreč, Croatia, Department of Tourism *
Jasmina Gržinić orcid.org/0000-0003-2371-1406 ; Juraj Dobrila University of Pula, Faculty of Economics and Tourism “Dr. Mijo Mirković”
Tatiana Zanini Gavranić orcid.org/0000-0002-0483-5094 ; The Fundation for Partnership and Civil Society Development, Istria, Croatia

* Corresponding author.

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APA 6th Edition

Šergo, Z., Gržinić, J. & Zanini Gavranić, T. (2023). DOES THE HOUSE SLAVE EFFECT DEPRESS INTERNATIONAL TOURISM TRAVELLING?. Ekonomska misao i praksa, 32 (2), 473-494. https://doi.org/10.17818/EMIP/2023/2.9

MLA 8th Edition

Šergo, Zdravko, et al. "DOES THE HOUSE SLAVE EFFECT DEPRESS INTERNATIONAL TOURISM TRAVELLING?." Ekonomska misao i praksa, vol. 32, no. 2, 2023, pp. 473-494. https://doi.org/10.17818/EMIP/2023/2.9. Accessed 21 Dec. 2024.

Chicago 17th Edition

Šergo, Zdravko, Jasmina Gržinić and Tatiana Zanini Gavranić. "DOES THE HOUSE SLAVE EFFECT DEPRESS INTERNATIONAL TOURISM TRAVELLING?." Ekonomska misao i praksa 32, no. 2 (2023): 473-494. https://doi.org/10.17818/EMIP/2023/2.9

Harvard

Šergo, Z., Gržinić, J., and Zanini Gavranić, T. (2023). 'DOES THE HOUSE SLAVE EFFECT DEPRESS INTERNATIONAL TOURISM TRAVELLING?', Ekonomska misao i praksa, 32(2), pp. 473-494. https://doi.org/10.17818/EMIP/2023/2.9

Vancouver

Šergo Z, Gržinić J, Zanini Gavranić T. DOES THE HOUSE SLAVE EFFECT DEPRESS INTERNATIONAL TOURISM TRAVELLING?. Ekonomska misao i praksa [Internet]. 2023 [cited 2024 December 21];32(2):473-494. https://doi.org/10.17818/EMIP/2023/2.9

IEEE

Z. Šergo, J. Gržinić and T. Zanini Gavranić, "DOES THE HOUSE SLAVE EFFECT DEPRESS INTERNATIONAL TOURISM TRAVELLING?", Ekonomska misao i praksa, vol.32, no. 2, pp. 473-494, 2023. [Online]. https://doi.org/10.17818/EMIP/2023/2.9

Abstract

This paper examines the relationship between "the house slave effect" and tourist outmigration in most European countries. The outline of this study is set up on the analysis of annual data on homeownership and tenant participants in plan to measure the relationship between housing wealth endowment and outbound traveling, with a panel framework that spans the period from 2007 to 2019. In the present empirical case, this paper examines whether or not there is a significant relationship in the sample of 32 countries by using a panel quantile regression method, a panel SGMM, and a panel OLS regression. Estimation outputs reveal that there is a strong negative trade-off between homeownership and outbound tourism for all quantile levels. This evidence along with the auxiliary SGMM and pooled panel estimation assessment strongly confirm that “the house slave effect” negatively affects outbound tourism. What is more, the results show that tenant rates help to boost the international tourism departures or expenditures per capita. The novelty of this work lies in the fact that it provides the pioneering study of the impact of home ownership on outbound travel in European area. The results suggest that a panel quantile regression method (due to data constraints arising from the skewness of international tourism outbound or per capita expenditure data) should be considered when examining the relationship between "the "house slave effect" and outbound tourism in country panel analyses.

Keywords

Europe; homeownership rate; house slave effect; panel quantile regression; tenant; outbound tourism

Hrčak ID:

310860

URI

https://hrcak.srce.hr/310860

Publication date:

7.12.2023.

Article data in other languages: croatian

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