Revisiting The Tourism-Led Growth Hypothesis For Barbados: A Disaggregated Market Approach
AbstractIn testing the tourism-led growth hypothesis, researchers tend to use an aggregate measure of tourism - usually total tourism earnings or tourist arrivals. In contrast, this study adopts a disaggregated market approach to testing this hypothesis. The main advantage of the disaggregated approach is that it provides information on effects of specific tourism markets on growth. Results indicate that while causality from tourism to growth is found for each market over the full sample period (1975Q1 to 2010Q2), but the causal relationships are not stable.
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Bibliographic InfoArticle provided by Euro-American Association of Economic Development in its journal Regional and Sectoral Economic Studies.
Volume (Year): 12 (2012)
Issue (Month): 2 ()
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Find related papers by JEL classification:
- F43 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Economic Growth of Open Economies
- L83 - Industrial Organization - - Industry Studies: Services - - - Sports; Gambling; Restaurants; Recreation; Tourism
- Q40 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - General
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- Mayers, Sherry-Ann & Jackman, Mahalia, 2011. "Investigating the business cycle properties of tourist flows to Barbados," MPRA Paper 38646, University Library of Munich, Germany.
- Mahalia Jackman, 2012. "Foreign exchange intervention in a small open economy with a long term peg," Economics Bulletin, AccessEcon, vol. 32(3), pages 2207-2219.
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