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Tourism and Growth: Evidence for Spain and Italy

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Author Info
Isabel Cortes-Jimenez ()
Manuela Pulina ()

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Abstract

International tourism is a major foreign exchange earner and a principal export for many low income countries as well as for developed ones. Nowadays many developing countries focus economic policies on promoting international tourism as a potential source of economic growth for the country However, the understanding of the relationship between exports and economic growth is still ongoing and, while cross-section studies support the hypothesis that exports promote growth, time series studies have been less conclusive. This paper has the objective to assess if exports and tourism have really promoted growth at an aggregated level for the two main developed countries in the Mediterranean area, namely Italy and Spain, that represent important countries regarding the expansion of tourism. The methodology applied in this work is a cointegration methodology and the Granger causality test.

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Paper provided by European Regional Science Association in its series ERSA conference papers with number ersa06p128.

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Date of creation: Aug 2006
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Handle: RePEc:wiw:wiwrsa:ersa06p128

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References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
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    Other versions:
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  6. Ghatak, Subrata & Milner, Chris & Utkulu, Utku, 1997. "Exports, Export Composition and Growth: Cointegration and Causality Evidence for Malaysia," Applied Economics, Taylor and Francis Journals, vol. 29(2), pages 213-23, February. [Downloadable!] (restricted)
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  8. Krueger, Anne O, 1980. "Trade Policy as an Input to Development," American Economic Review, American Economic Association, vol. 70(2), pages 288-92, May. [Downloadable!] (restricted)
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    Other versions:
  10. Oh, Wankeun & Lee, Kihoon, 2004. "Energy consumption and economic growth in Korea: testing the causality relation," Journal of Policy Modeling, Elsevier, vol. 26(8-9), pages 973-981, December. [Downloadable!] (restricted)
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  19. Johansen, Soren, 1988. "Statistical analysis of cointegration vectors," Journal of Economic Dynamics and Control, Elsevier, vol. 12(2-3), pages 231-254. [Downloadable!] (restricted)
  20. Daniela Federici & Daniela Marconi, 2002. "On exports and economic growth: the case of Italy," Journal of International Trade & Economic Development, Taylor and Francis Journals, vol. 11(3), pages 323-340, September. [Downloadable!] (restricted)
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Cited by:
(explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)

  1. Stefania Lionetti & Juan Gabriel Brida & Wiston Adrián Risso, 2008. "Long run economic growth and tourism: inferring from Uruguay," Quaderni della facoltà di Scienze economiche dell'Università di Lugano 0901, Biblioteca universitaria di Lugano (University Library of Lugano). [Downloadable!]
  2. Manuela Pulina & Bianca Biagi, 2006. "Tourism, environmental quality and economic growth: empirical evidence and policy implications," Working Paper CRENoS 200609, Centre for North South Economic Research, University of Cagliari and Sassari, Sardinia. [Downloadable!]
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