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Tourism and Economic Growth At Regional Level: the Cases of Spain and Italy

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Author Info
Isabel Cortes-Jimenez ()
Abstract

During the last years have appeared several papers in the literature which provide empirical evidence of the importance of the role of tourism in the economic growth but always for a concrete country or for a sample of countries. In this paper, however, the importance of the expansion of the tourism sector is studied at regional level, that is to say, the relevance of tourism for the regional economic growth, within a country . For this objective, we focus this work in two of the most important countries in tourism terms around the world: Italy and Spain. In this sense, not only the effect of international tourism is analysed, as it is usual in this kind of studies, but also the importance of the domestic market. Complementary, in addition to analyse the Spanish and Italian regions jointly and separately, we take into account some criteria as, for instance, the geographical location of regions. The period of analysis is from 1990 to 2000. And regarding the methodology, the Arellano-Bond estimator for dynamic panels and the Kiviet’s finite sample correction are applied.

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Paper provided by European Regional Science Association in its series ERSA conference papers with number ersa06p61.

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Date of creation: Aug 2006
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Handle: RePEc:wiw:wiwrsa:ersa06p61

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  4. Alessandro Lanza & Francesco 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. [Downloadable!]
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  7. Tiago Neves Sequeira & Carla Campos, 2005. "International Tourism and Economic Growth: a Panel Data Approach," Working Papers 2005.141, Fondazione Eni Enrico Mattei. [Downloadable!]
  8. Jonathan Temple, 1999. "The New Growth Evidence," Journal of Economic Literature, American Economic Association, vol. 37(1), pages 112-156, March. [Downloadable!] (restricted)
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  12. Caselli, Francesco & Esquivel, Gerardo & Lefort, Fernando, 1996. " Reopening the Convergence Debate: A New Look at Cross-Country Growth Empirics," Journal of Economic Growth, Springer, vol. 1(3), pages 363-89, September.
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  15. Levine, Ross & Loayza, Norman & Beck, Thorsten, 2000. "Financial intermediation and growth: Causality and causes," Journal of Monetary Economics, Elsevier, vol. 46(1), pages 31-77, August. [Downloadable!] (restricted)
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  16. Mankiw, N Gregory & Romer, David & Weil, David N, 1992. "A Contribution to the Empirics of Economic Growth," The Quarterly Journal of Economics, MIT Press, vol. 107(2), pages 407-37, May. [Downloadable!] (restricted)
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  17. Kiviet, Jan F., 1995. "On bias, inconsistency, and efficiency of various estimators in dynamic panel data models," Journal of Econometrics, Elsevier, vol. 68(1), pages 53-78, July. [Downloadable!] (restricted)
  18. Barro, Robert J, 1991. "Economic Growth in a Cross Section of Countries," The Quarterly Journal of Economics, MIT Press, vol. 106(2), pages 407-43, May. [Downloadable!] (restricted)
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  19. Bun, Maurice J. G. & Kiviet, Jan F., 2003. "On the diminishing returns of higher-order terms in asymptotic expansions of bias," Economics Letters, Elsevier, vol. 79(2), pages 145-152, May. [Downloadable!] (restricted)
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  20. Benhabib, Jess & Spiegel, Mark M, 2000. " The Role of Financial Development in Growth and Investment," Journal of Economic Growth, Springer, vol. 5(4), pages 341-60, December. [Downloadable!] (restricted)
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