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

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This article investigates how the structural mix of USA regional economies affects their volatility of economic growth using four exogenous sectors: Federal Government, construction, manufacturing, and tourism. Results suggest 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. Results also show 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.

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Min, Jihye Ellie; Agrusa, Jerome; Lema, Joseph & Lee, Harold September 13, 2020.

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This article is part of the collection entitled: UNT Scholarly Works and was provided by the UNT College of Merchandising, Hospitality and Tourism to the UNT Digital Library, a digital repository hosted by the UNT Libraries. It has been viewed 77 times, with 27 in the last month. More information about this article can be viewed below.

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UNT College of Merchandising, Hospitality and Tourism

The UNT College of Merchandising, Hospitality, and Tourism educates students for the globalization of the hospitality, retail, and tourism industries. The college provides bachelor's and master's programs in a variety of majors.

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This article investigates how the structural mix of USA regional economies affects their volatility of economic growth using four exogenous sectors: Federal Government, construction, manufacturing, and tourism. Results suggest 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. Results also show 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.

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12 p.

Notes

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.

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  • Sustainability, 12(18), Multidisciplinary Digital Publishing Institute, September 13, 2020, p. 1-12

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  • Publication Title: Sustainability
  • Volume: 12
  • Issue: 18
  • Article Identifier: 7543
  • Pages: 12
  • Peer Reviewed: Yes

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  • September 13, 2020

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  • May 27, 2022, 6:01 a.m.

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  • May 31, 2022, 9:45 a.m.

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Min, Jihye Ellie; Agrusa, Jerome; Lema, Joseph & Lee, Harold. The Tourism Sector and U.S. Regional Macroeconomic Stability: A Network Approach, article, September 13, 2020; (https://digital.library.unt.edu/ark:/67531/metadc1934216/: accessed May 25, 2024), University of North Texas Libraries, UNT Digital Library, https://digital.library.unt.edu; crediting UNT College of Merchandising, Hospitality and Tourism.

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