Tourism and Exports as a means of Growth
AbstractThis study expands existing research by considering both exports and tourism as potential influencing factors for economic growth. While trade of goods has been proven as a means of growth for countries, inbound tourism as non-traditional exports, has been scarcely examined in the literature. Using data for Italy and Spain over the period 1954-2000 and 1964-2000 respectively, both exports of goods and tourism exports are included in the same model. Standard cointegration and Granger causality techniques are applied. The main results reveal the significance of both exports and tourism towards long-term growth with some peculiarities for each country.
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Bibliographic InfoPaper provided by University of Barcelona, Research Institute of Applied Economics in its series IREA Working Papers with number 200910.
Length: 28 pages
Date of creation: May 2009
Date of revision: May 2009
Tourism; ELG Hypothesis; TLG Hypothesis; Trade; Growth;
This paper has been announced in the following NEP Reports:
- NEP-ALL-2009-06-17 (All new papers)
- NEP-FDG-2009-06-17 (Financial Development & Growth)
- NEP-INT-2009-06-17 (International Trade)
- NEP-TUR-2009-06-17 (Tourism Economics)
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