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Tourism And Growth: Empirical Evidence From The European Union

Author

Listed:
  • Ivan Todorov

    (South-West University “Neofit Rilski", Blagoevgrad)

  • Gergana Angelova

    (South-West University “Neofit Rilski", Blagoevgrad)

  • Mariya Stankova

    (South-West University “Neofit Rilski", Blagoevgrad)

Abstract

The goal of this research is to estimate the effects of domestic and foreign tourist arrivals on economic growth in the European Union (EU). An autoregression with distributed lags (ARDL) is applied on annual data for the twenty-seven member states of the Union (EU-27) over the period 2014 – 2023. The results from the empirical analysis indicate that in the long term, a rise in income inequality, domestic tourist arrivals and foreign tourist arrivals will result in an accelerated economic growth but in the short run, only an increase in domestic tourism arrivals will encourage economic growth in the EU.

Suggested Citation

  • Ivan Todorov & Gergana Angelova & Mariya Stankova, 2025. "Tourism And Growth: Empirical Evidence From The European Union," Economics and Management, Faculty of Economics, SOUTH-WEST UNIVERSITY "NEOFIT RILSKI", BLAGOEVGRAD, vol. 22(2), pages 64-74.
    • Handle: RePEc:neo:journl:v:22:y:2025:i:2:p:64-74
    DOI: 10.37708/em.swu.v22i2.5
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    Keywords

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    JEL classification:

    • Z32 - Other Special Topics - - Tourism Economics - - - Tourism and Development
    • F43 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Economic Growth of Open Economies

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