Tourism and regional growth in Europe
AbstractThe paper aims at analysing the impact of domestic and international tourism on the economic growth process for 179 regions in ten European countries, which are highly representative of total tourism flows. The econometric analysis is carried out for the period 1999-2009 and it is based on a spatial growth regression framework, where the growth rate of GDP per capita at the regional level depends on tourism flows in addition to the traditional production inputs like physical, human and technological capital. Besides controlling for the initial conditions, we also include covariates for geographical, industrial, social and institutional features of the regions. Results, robust to several robustness checks, show the positive effect of domestic and international tourism flows on regional growth.
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Bibliographic InfoPaper provided by European Regional Science Association in its series ERSA conference papers with number ersa13p40.
Date of creation: Nov 2013
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Regional economic growth; Tourism flows; Spatial dependence; Europe;
Other versions of this item:
- R11 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes
- L83 - Industrial Organization - - Industry Studies: Services - - - Sports; Gambling; Restaurants; Recreation; Tourism
- C31 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Cross-Sectional Models; Spatial Models; Treatment Effect Models; Quantile Regressions; Social Interaction Models
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