International Journal of Tourism and Travel

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Impact of Tourism Entrepreneurship on their Socio-Economic Outcomes:A Propensity Score Analysis


Affiliations
1 Department of Tourism and Hotel Management, North-Eastern Hill University, Shillong, Meghalaya, India
     

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Tourism sector has proven to have been impacting the economic, social, cultural and environmental cycle of the people and places and that it is a subject-matter of contemporary interest. The study makes an attempt at mapping the impacts of entrepreneurship in tourism sector on their socio-economic outcomes. Quasi-experimental comparison methods namely propensity score matching (PSM) and difference-in-difference (DinD) were used in analysing the data. The results highlight the positive impacts of tourism on the entrepreneur’s socio-economic outcomes and these are statistically significant. However, there is scope for better impact through an enabling tourism environment. This can be attained through a holistic sustainable framework of tourism development invested over a period of time.

Keywords

Tourism-Related Entrepreneurship, Socio-Economic Outcomes, Propensity Score Matching, Difference-in-Difference.
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  • Impact of Tourism Entrepreneurship on their Socio-Economic Outcomes:A Propensity Score Analysis

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Authors

Benjamin F. Lyngdoh
Department of Tourism and Hotel Management, North-Eastern Hill University, Shillong, Meghalaya, India

Abstract


Tourism sector has proven to have been impacting the economic, social, cultural and environmental cycle of the people and places and that it is a subject-matter of contemporary interest. The study makes an attempt at mapping the impacts of entrepreneurship in tourism sector on their socio-economic outcomes. Quasi-experimental comparison methods namely propensity score matching (PSM) and difference-in-difference (DinD) were used in analysing the data. The results highlight the positive impacts of tourism on the entrepreneur’s socio-economic outcomes and these are statistically significant. However, there is scope for better impact through an enabling tourism environment. This can be attained through a holistic sustainable framework of tourism development invested over a period of time.

Keywords


Tourism-Related Entrepreneurship, Socio-Economic Outcomes, Propensity Score Matching, Difference-in-Difference.

References