Regional comprehensive economic partnership (RCEP) and tourism: four research propositions

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2 Citations (Scopus)

Abstract

The year 2022 marks the significance of the Regional Comprehensive Economic Partnership (RCEP) as the agreement enters into force after nearly one decade of negotiations. While the pandemic exposed the vulnerability of the tourism industry to the changing market reality, it also created an impetus for Asia-Pacific regionalism. The RCEP marks the first time a monumental trade agreement is ratified virtually, and member states will be the primary beneficiary given the correct response and strategy. Thus, the Asia-Pacific is set to become one of the fastest-growing regions in the coming decade as countries agree to enhance trade and investment. Our study examines the potential economic implications of the RCEP on tourism. We offer four interrelated proposals rooted in the tenets of tourism-led growth. Tourism researchers are encouraged to refine the propositions.

Original languageEnglish
Number of pages6
JournalTourism and Hospitality Research
DOIs
Publication statusAccepted/In press - 2023

Keywords

  • business cycle symmetry
  • digital currency
  • endogenous growth
  • Regional integration
  • trade diversion
  • trade flows
  • viner effect

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