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Does Tourism Influence Economic Growth? A Dynamic Panel Data Approach
[journal article]
Abstract
On Average, tourism-specialized countries grow more than others. This is not consistent with the core of modern economic growth theory that suggests that economic growth is linked to sectors with high-tech intensity and large scale. In this paper, we use appropriate panel data methods to study the r... view more
On Average, tourism-specialized countries grow more than others. This is not consistent with the core of modern economic growth theory that suggests that economic growth is linked to sectors with high-tech intensity and large scale. In this paper, we use appropriate panel data methods to study the relationship between tourism and economic growth. In general we show that tourism is a positive determinant of economic growth both in a broad sample of countries and in a sample of poor countries. However, contrary to previous contributions, tourism is not more relevant in small countries than in a general sample.... view less
Document language
English
Publication Year
2008
Page/Pages
p. 2431-2441
Journal
Applied Economics, 40 (2008) 18
DOI
https://doi.org/10.1080/00036840600949520
Status
Postprint; peer reviewed
Licence
PEER Licence Agreement (applicable only to documents from PEER project)