Revisiting The Tourism-Led Growth Hypothesis For Barbados: A Disaggregated Market Approach
In testing the tourism-led growth hypothesis, researchers tend to use an aggregate measure of tourism - usually total tourism earnings or tourist arrivals. In contrast, this study adopts a disaggregated market approach to testing this hypothesis. The main advantage of the disaggregated approach is that it provides information on effects of specific tourism markets on growth. Results indicate that while causality from tourism to growth is found for each market over the full sample period (1975Q1 to 2010Q2), but the causal relationships are not stable.
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Volume (Year): 12 (2012)
Issue (Month): 2 ()
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- Mayers, Sherry-Ann & Jackman, Mahalia, 2011. "Investigating the business cycle properties of tourist flows to Barbados," MPRA Paper 38646, University Library of Munich, Germany.
- Jacint Balaguer & Manuel Cantavella-Jorda, 2002.
"Tourism as a long-run economic growth factor: the Spanish case,"
Taylor & Francis Journals, vol. 34(7), pages 877-884.
- Jacint Balaguer & Manuel Cantavella-Jordá, 2000. "Tourism As A Long-Run Economic Growth Factor: The Spanish Case," Working Papers. Serie EC 2000-10, Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie).
- Granger, C W J, 1969. "Investigating Causal Relations by Econometric Models and Cross-Spectral Methods," Econometrica, Econometric Society, vol. 37(3), pages 424-38, July.
- Brida, Juan Gabriel & Barquet, Andrea & Risso, Wiston Adrián, 2009. "Causality between Economic Growth and Tourism Expansion: Empirical Evidence from Trentino - Alto Adige," MPRA Paper 25316, University Library of Munich, Germany, revised 14 Dec 2009.
- Toda, Hiro Y. & Yamamoto, Taku, 1995. "Statistical inference in vector autoregressions with possibly integrated processes," Journal of Econometrics, Elsevier, vol. 66(1-2), pages 225-250.
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