How fast are small tourist countries growing? The 1980-2003 evidence
AbstractWe 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 InfoPaper provided by Centre for North South Economic Research, University of Cagliari and Sassari, Sardinia in its series Working Paper CRENoS with number 200614.
Date of creation: 2006
Date of revision:
growth; small states; tourism; cross country comparisons;
Other versions of this item:
- Francesco Pigliaru & Rinaldo Brau & Alessandro Lanza, 2007. "How Fast are Small Tourist Countries Growing? The 1980-2003 Evidence," Working Papers 2007.1, Fondazione Eni Enrico Mattei.
- F43 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Economic Growth of Open Economies
- O57 - Economic Development, Technological Change, and Growth - - Economywide Country Studies - - - Comparative Studies of Countries
This paper has been announced in the following NEP Reports:
- NEP-ALL-2006-12-22 (All new papers)
- NEP-EVO-2006-12-22 (Evolutionary Economics)
- NEP-HPE-2006-12-22 (History & Philosophy of Economics)
- NEP-SOC-2006-12-22 (Social Norms & Social Capital)
- NEP-UPT-2006-12-22 (Utility Models & Prospect Theory)
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