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The Impact of Growth in the Tourism Sector on Economic Development: The Experience of Selected Caribbean Countries

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Abstract

This paper empirically examines the impact of tourism expansion on the economic development of selected Caribbean countries. Through the use of pooled data, the paper finds that tourism expansion has exerted a positive impact on the economic development of Barbados, Antigua and Barbuda, and Anguilla. The application of the error-correction methodology, however, produced results which suggested that the agricultural sector has contracted as the tourism sector expanded.

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  • Modeste, Nelson C., 1995. "The Impact of Growth in the Tourism Sector on Economic Development: The Experience of Selected Caribbean Countries," Economia Internazionale / International Economics, Camera di Commercio Industria Artigianato Agricoltura di Genova, vol. 48(3), pages 375-385.
  • Handle: RePEc:ris:ecoint:0394
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    1. repec:eee:touman:v:32:y:2011:i:4:p:922-933 is not listed on IDEAS
    2. Moore, Winston R. & Harewood, Leandra & Grosvenor, Tiffany, 2010. "The Supply Side Effects of Climate Change on Tourism," MPRA Paper 21469, University Library of Munich, Germany.
    3. -, 2011. "An assessment of the economic impact of Climate Change on the Macroeconomy in the Caribbean," Sede Subregional de la CEPAL para el Caribe (Estudios e Investigaciones) 40037, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).
    4. Tang, Chor Foon & Abosedra, Salah, 2014. "The impacts of tourism, energy consumption and political instability on economic growth in the MENA countries," Energy Policy, Elsevier, vol. 68(C), pages 458-464.
    5. Arslanturk, Yalcin & Balcilar, Mehmet & Ozdemir, Zeynel Abidin, 2011. "Time-varying linkages between tourism receipts and economic growth in a small open economy," Economic Modelling, Elsevier, vol. 28(1-2), pages 664-671, January.
    6. -, 2011. "An assessment of the economic impact of climate change on the tourism sector in Saint Lucia," Sede Subregional de la CEPAL para el Caribe (Estudios e Investigaciones) 38612, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).
    7. -, 2011. "An assessment of the economic impact of climate change on the tourism sector in Montserrat," Sede Subregional de la CEPAL para el Caribe (Estudios e Investigaciones) 38611, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).
    8. Vanegas, Manuel, Sr. & Croes, Robertico, 2007. "Tourism, Economic Expansion and Poverty in Nicaragua: Investigating Cointegration and Causal Relations," Staff Papers 7306, University of Minnesota, Department of Applied Economics.
    9. Holzner, Mario, 2011. "Tourism and economic development: The beach disease?," Tourism Management, Elsevier, vol. 32(4), pages 922-933.
    10. Anis Omri & Mohamed Shahbaz & Anissa Chaibi & Christophe Rault, 2015. "A panel analysis of the effects of oil consumption, international tourism, environmental quality and political instability on economic growth in MENA region," Working Papers 2015-613, Department of Research, Ipag Business School.

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