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The Impact of Growth in the Tourism Sector on Economic Development: The Experience of Selected Caribbean Countries

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    Abstract

    This paper empirically examines the impact of tourism expansion on the economic development of selected Caribbean countries. Through the use of pooled data, the paper finds that tourism expansion has exerted a positive impact on the economic development of Barbados, Antigua and Barbuda, and Anguilla. The application of the error-correction methodology, however, produced results which suggested that the agricultural sector has contracted as the tourism sector expanded.

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    Bibliographic Info

    Article provided by Camera di Commercio di Genova in its journal Economia Internazionale / International Economics.

    Volume (Year): 48 (1995)
    Issue (Month): 3 ()
    Pages: 375-385

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    Handle: RePEc:ris:ecoint:0394

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    Cited by:
    1. Moore, Winston R. & Harewood, Leandra & Grosvenor, Tiffany, 2010. "The Supply Side Effects of Climate Change on Tourism," MPRA Paper 21469, University Library of Munich, Germany.
    2. Arslanturk, Yalcin & Balcilar, Mehmet & Ozdemir, Zeynel Abidin, 2011. "Time-varying linkages between tourism receipts and economic growth in a small open economy," Economic Modelling, Elsevier, vol. 28(1), pages 664-671.
    3. Vanegas, Manuel, Sr. & Croes, Robertico, 2007. "Tourism, Economic Expansion and Poverty in Nicaragua: Investigating Cointegration and Causal Relations," Staff Papers 7306, University of Minnesota, Department of Applied Economics.
    4. Tang, Chor Foon & Abosedra, Salah, 2014. "The impacts of tourism, energy consumption and political instability on economic growth in the MENA countries," Energy Policy, Elsevier, vol. 68(C), pages 458-464.

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