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Does tourism influence economic growth? A dynamic panel data approach

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  • Tiago Neves Sequeira
  • Paulo Macas Nunes

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 article, 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.

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File URL: http://www.tandfonline.com/doi/abs/10.1080/00036840600949520
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Bibliographic Info

Article provided by Taylor & Francis Journals in its journal Applied Economics.

Volume (Year): 40 (2008)
Issue (Month): 18 ()
Pages: 2431-2441

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Handle: RePEc:taf:applec:v:40:y:2008:i:18:p:2431-2441

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Cited by:
  1. Duha T. Altindag, 2014. "Crime and International Tourism," Auburn Economics Working Paper Series auwp2014-01, Department of Economics, Auburn University.
  2. Arezki, Rabah & Cherif, Reda & Piotrowski, John, 2009. "Tourism Specialization and Economic Development: Evidence from the UNESCO World Heritage List," MPRA Paper 17132, University Library of Munich, Germany.
  3. Vera Mota & Paulo Maçãs Nunes & António Fernandes de Matos, 2010. "New Construction and Reconstruction: Impact on Growth of Sub-Regions of Mainland Portugal," The AMFITEATRU ECONOMIC journal, Academy of Economic Studies - Bucharest, Romania, vol. 12(27), pages 169-176, February.
  4. Duha Altindag, 2014. "Crime and International Tourism," Journal of Labor Research, Springer, vol. 35(1), pages 1-14, March.
  5. Brida, Juan Gabriel & Pereyra, Juan Sebastián & Such, María Jesús & Pulina, Manuela, 2011. "Causalidad entre turismo y crecimiento económico de largo plazo: una revisión crítica de la literatura econométrica
    [Causality between tourism and long-term economic growth: a critical review o
    ," MPRA Paper 37332, University Library of Munich, Germany, revised 2011.
  6. Nita Thacker & S. (Sebastian) Acevedo Mejia & Roberto Perrelli, 2012. "Caribbean Growth in an International Perspective," IMF Working Papers 12/235, International Monetary Fund.
  7. Antonio Menezes & Ainura Uzagalieva, 2013. "The Demand of Car Rentals: a Microeconometric Approach with Count Models and Survey Data," Review of Economic Analysis, Rimini Centre for Economic Analysis, vol. 5(1), pages 25-41, June.
  8. John M. Piotrowski & Rabah Arezki & Reda Cherif, 2009. "Tourism Specialization and Economic Development+L4183," IMF Working Papers 09/176, International Monetary Fund.

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