On the Relationship between Tourist Flows and Household Expenditure in Barbados: A Dynamic OLS Approach
Keynesians propose that increases in tourist arrivals are associated with an expansion in private spending through the multiplier effect. To test this hypothesis, this study augments a simple consumption function with tourist arrivals and employs the dynamic OLS method to compute the short and long run relationships of the variables. Results suggest that while tourist arrivals have a positive correlation with household expenditure in the short run, it does not Granger cause household expenditure consumption.
Volume (Year): 30 (2010)
Issue (Month): 1 ()
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- Lanne, Markku & Lütkepohl, Helmut & Saikkonen, Pentti, 2002.
"Comparison of Unit Root Tests for Time Series with Level Shifts,"
76035, University Library of Munich, Germany.
- Lanne, Markku & Lütkepohl, Helmut & Saikkonen, Pentti, 1999. "Comparison of unit root tests for time series with level shifts," SFB 373 Discussion Papers 1999,88, Humboldt University of Berlin, Interdisciplinary Research Project 373: Quantification and Simulation of Economic Processes.
- repec:ebl:ecbull:v:3:y:2008:i:21:p:1-8 is not listed on IDEAS
- Edgar J Sanchez Carrera & W. Adrian Risso & Juan Gabriel Brida, 2008. "Tourism's Impact on Long-Run Mexican Economic Growth," Economics Bulletin, AccessEcon, vol. 3(21), pages 1-8.
- Saikkonen, Pentti, 1991. "Asymptotically Efficient Estimation of Cointegration Regressions," Econometric Theory, Cambridge University Press, vol. 7(01), pages 1-21, March.
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