Naslov
DOES THE HOUSE SLAVE EFFECT DEPRESS INTERNATIONAL TOURISM TRAVELLING?

Autori
Šergo, Zdravko ; Gržinić, Jasmina ; Zanini Gavranić, Tatiana

Izvornik
Ekonomska misao i praksa : časopis Sveučilista u Dubrovniku (1330-1039) 32 (2023), 1; 37-59

Vrsta, podvrsta i kategorija rada
Radovi u časopisima, prethodno priopćenje, znanstveni

Ključne riječi
Europe, homeownership rate, house slave effect, panel quantile regression, tenant, outbound tourism

Sažetak
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.

Izvorni jezik
Engleski

Znanstvena područja
Ekonomija

Napomena
Financial support for this work was provided by
the Faculty of Economics
and Tourism "Dr. Mijo Mirković" of Juraj Dobrila
University of Pula within the
project "Tourism Crises - Stakeholders' roles and
recovery strategies".

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