Kuo, Hsiao-IChen, Chi-ChungMcAleer, Michael2023-06-202023-06-202011-06https://hdl.handle.net/20.500.14352/49012After the commercial whaling moratorium was enacted in 1986, whale watching became one of the fastest growing tourism industries worldwide. As whaling was regarded as an activity that is incompatible with whale watching, the possible resumption of commercial whaling caused an urgent need to investigate the potential negative effects of whaling on the whale-watching industry. We examine the potential impacts of whaling on the global whale-watching tourism industry using an unbalanced panel data model. The empirical results indicate that the resumption of commercial whaling has the potential for a negative effect on the global whale-watching industry, especially for nations that are engaged in commercial whaling.engAtribución-NoComercial 3.0 Españahttps://creativecommons.org/licenses/by-nc/3.0/es/technical reporthttps://www.ucm.es/icaeopen accessGlobal whale watchingCommercial whalingDelay-difference equationUnbalanced panel data.Econometría (Economía)Economía industrial5302 Econometría