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Tourism development and growth

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  • De Vita, Glauco
  • Kyaw, Khine S.

Abstract

•Role of the level of economic development on the tourism-growth relationship.•We use SYS-GMM estimation on a panel of 129 countries over 1995–2011.•Our specification includes the level of financial development.•Positive effect of tourism is only significant for middle and high-income countries.•At low levels of economic development, tourism does not contribute to GDP growth.

Suggested Citation

  • De Vita, Glauco & Kyaw, Khine S., 2016. "Tourism development and growth," Annals of Tourism Research, Elsevier, vol. 60(C), pages 23-26.
    • Handle: RePEc:eee:anture:v:60:y:2016:i:c:p:23-26
    DOI: 10.1016/j.annals.2016.05.011
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    References listed on IDEAS

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    1. Arellano, Manuel & Bover, Olympia, 1995. "Another look at the instrumental variable estimation of error-components models," Journal of Econometrics, Elsevier, vol. 68(1), pages 29-51, July.
    2. De Vita, Glauco, 2014. "The long-run impact of exchange rate regimes on international tourism flows," Tourism Management, Elsevier, vol. 45(C), pages 226-233.
    3. Juan Luis Eugenio-Martín & Noelia Martín Morales & Riccardo Scarpa, 2004. "Tourism and Economic Growth in Latin American Countries: A Panel Data Approach," Working Papers 2004.26, Fondazione Eni Enrico Mattei.
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