National Indicators of Well-being: Lessons from Pacific Island Countries' Tourism
Authors: Stace, Roger1; Brown, Alistair M.1; Purushothoman, Maya1; Schar, Arno2; Weichselbraun, Albert3
Source: Asia Pacific Journal of Tourism Research, Volume 12, Number 3, September 2007 , pp. 203-222(20)
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Abstract:
Are economic indicators the only nation-level variables that are predictive of future investment returns? Using the tourism industry of the nine independent Pacific Island countries, this study compares economic and non-economic predictors of web media tourism coverage. The results suggest that rather than economic and industry-specific indicators, health conditions, human rights and low population growth are significantly associated with our proxy measures of future performance. Our results support theory-derived predictions that national indicators of trust provide value-relevant information for investors.Keywords: tourism; investor-relevance; value-relevance; trust; Pacific Island countries
Document Type: Research article
DOI: 10.1080/10941660701416770
Affiliations: 1: School of Accounting, Curtin University of Technology, Australia 2: Institute for Knowledge Management, Graz University of Technology, Austria 3: Information Systems and Operations Department, Vienna University of Economics and Business Administration, Austria
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