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A note on the human capital and tourism growth nexus: a semi-parametric approach

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  • Michael Polemis
  • Dr Aikaterina Oikonomou

Abstract

We investigate the impact of human capital on tourism growth by using a semi-parametric fixed effects estimator developed in Baltagi and Li (2002). The results shed new light on the existing literature since they unveil strong non-linear effects of human capital on tourism growth. Furthermore, we uncover a non-monotonic “ M-shaped †curve between human capital and growth when we impose the assumption of imperfect labor substitutability.

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  • Michael Polemis & Dr Aikaterina Oikonomou, 2022. "A note on the human capital and tourism growth nexus: a semi-parametric approach," Economics and Business Letters, Oviedo University Press, vol. 11(2), pages 79-87.
    • Handle: RePEc:ove:journl:aid:17393
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    File URL: https://reunido.uniovi.es/index.php/EBL/article/view/17393
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    References listed on IDEAS

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    6. Antonio Ciccone & Giovanni Peri, 2005. "Long-Run Substitutability Between More and Less Educated Workers: Evidence from U.S. States, 1950-1990," The Review of Economics and Statistics, MIT Press, vol. 87(4), pages 652-663, November.
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    Cited by:

    1. Chen, Liang & Guo, Yirong, 2023. "Revisiting resources extraction perspective in determining the tourism industry: Globalisation and human capital for next-11 economies," Resources Policy, Elsevier, vol. 85(PA).

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