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How fast are small tourist countries growing? The 1980-2003 evidence

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  • R. Brau

    ()

  • A. Lanza

    ()

  • F. Pigliaru

    ()

Abstract

We analyze the empirical relationship between growth, country size and tourism specialization by using a dataset covering the period 1980-2003. We find that tourism countries grow significantly faster than all the other sub-groups considered in our analysis. Tourism appears to be an independent determining factor for growth, and the reason for that is neither because they are poorer than the average, nor because they are very open to trade. Another finding of our paper is that small states are fast growing only when are highly specialized in tourism. In contrast with some previous conclusions in the literature, smallness per se is not good for growth.

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Bibliographic Info

Paper provided by Centre for North South Economic Research, University of Cagliari and Sassari, Sardinia in its series Working Paper CRENoS with number 200614.

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Date of creation: 2006
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Handle: RePEc:cns:cnscwp:200614

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Keywords: small states; growth; tourism; cross country comparisons;

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  1. Armstrong, Harvey & Read, Robert, 1995. "Western European micro-states and EU autonomous regions: The advantages of size and sovereignty," World Development, Elsevier, Elsevier, vol. 23(7), pages 1229-1245, July.
  2. Armstrong, H. & De Kervenoael, R. J. & Li, X. & Read, R., 1998. "A comparison of the economic performance of different micro-states, and between micro-states and larger countries," World Development, Elsevier, Elsevier, vol. 26(4), pages 639-656, April.
  3. repec:lan:wpaper:899 is not listed on IDEAS
  4. Feenstra, Robert C., 1996. "Trade and uneven growth," Journal of Development Economics, Elsevier, Elsevier, vol. 49(1), pages 229-256, April.
  5. Read, Robert, 2004. "The Implications of Increasing Globalization and Regionalism for the Economic Growth of Small Island States," World Development, Elsevier, Elsevier, vol. 32(2), pages 365-378, February.
  6. H W Armstrong & R Read, . "Trade and Growth in Small States: The Impact of Global Trade Liberalisation," Working Papers, Department of Economics, University of Lancaster ec5/98, Department of Economics, University of Lancaster.
  7. Simone Valente, 2005. "Growth, Conventional Production and Tourism Specialisation: Technological Catching-up Versus Terms-of-Trade Effects," Working Papers, Fondazione Eni Enrico Mattei 2005.140, Fondazione Eni Enrico Mattei.
  8. Briguglio, Lino, 1995. "Small island developing states and their economic vulnerabilities," World Development, Elsevier, Elsevier, vol. 23(9), pages 1615-1632, September.
  9. repec:lan:wpaper:898 is not listed on IDEAS
  10. Lucas, Robert Jr., 1988. "On the mechanics of economic development," Journal of Monetary Economics, Elsevier, Elsevier, vol. 22(1), pages 3-42, July.
  11. Armstrong, H W & Read, R, 2000. "Comparing the Economic Performance of Dependent Territories and Sovereign Microstates," Economic Development and Cultural Change, University of Chicago Press, University of Chicago Press, vol. 48(2), pages 285-306, January.
  12. N. Gregory Mankiw & David Romer & David N. Weil, 1990. "A Contribution to the Empirics of Economic Growth," NBER Working Papers 3541, National Bureau of Economic Research, Inc.
  13. A. Lanza & F. Pigliaru, 1999. "Why Are Tourism Countries Small and Fast-Growing?," Working Paper CRENoS 199906, Centre for North South Economic Research, University of Cagliari and Sassari, Sardinia.
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Cited by:
  1. Chia-Lin Chang & Thanchanok Khamkaew & Michael McAleer, 2009. "A Panel Threshold Model of Tourism Specialization and Economic Development," CIRJE F-Series, CIRJE, Faculty of Economics, University of Tokyo CIRJE-F-685, CIRJE, Faculty of Economics, University of Tokyo.
  2. E. Marrocu & R. Paci, 2012. "Tourism and regional growth in Europe," Working Paper CRENoS 201235, Centre for North South Economic Research, University of Cagliari and Sassari, Sardinia.
  3. Chia-Lin Chang & Thanchanok Khamkaew & Michael McAleer, 2010. "IV Estimation of a Panel Threshold Model of Tourism Specialization and Economic Development," KIER Working Papers, Kyoto University, Institute of Economic Research 708, Kyoto University, Institute of Economic Research.
  4. Brida, Juan Gabriel & London, Silvia & Rojas, Mara, 2012. "El turismo como motor de crecimiento económico: impacto de las preferencias intertemporales de los agentes
    [The tourism as economic growth engine: the impact of the agents time preferences]
    ," MPRA Paper 36607, University Library of Munich, Germany.
  5. Rinaldo Brau & Adriana Di Liberto & Francesco Pigliaru, 2011. "Tourism and Development: A Recent Phenomenon Built on Old (Institutional) Roots?," The World Economy, Wiley Blackwell, Wiley Blackwell, vol. 34(3), pages 444-472, 03.
  6. Theodore Panagiotidis & Thomas Panagiotou & Maurizio Mussoni, 2012. "Tourism Led Growth: Evidence from Panel Cointegration Tests," Working Paper Series, The Rimini Centre for Economic Analysis 74_12, The Rimini Centre for Economic Analysis.
  7. Raffaele Paci & Emanuela Marrocu, 2011. "They arrive with new information. Tourism flows and production efficiency in the European regions," ERSA conference papers ersa10p493, European Regional Science Association.

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