Impact of Tourism Entrepreneurship on Their Socio-Economic Outcomes: A Propensity Score Analysis
Published: 2018
Author(s) Name: Benjamin F. Lyngdoh |
Author(s) Affiliation: Assist. Prof., Dept. of Tourism and Hotel Mgt., North-Eastern Hill Univ., Shillong, Meghalaya, India
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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
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