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Economic Growth, Exchange Rate and Constrained Competiveness of the Tourism Sector in Andalucía

Author

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  • Nasir Muhammad Ali

    (Faculty of Business and Law, Leeds Beckett University, United Kingdom)

  • Wu Junjie

    (Faculty of Business and Law, Leeds Beckett University, United Kingdom)

  • Guerrero José Calderón

    (Faculty of Business and Law, Leeds Beckett University, United Kingdom)

Abstract

This paper examines the relationship between tourism and economic growth, analyzing key factors affecting tourism income in Andalucía, Spain. Based on time series annual data for the period 2005 to 2012 and a multiple regression analysis we show that international tourism has made an important contribution to Andalucía’s economic growth. Some of the factors considered in the analysis include the number of luxury hotels, the hotel price index and the exchange rate, though the latter is outside of the control of local authorities under the European Monetary Union (EMU).

Suggested Citation

  • Nasir Muhammad Ali & Wu Junjie & Guerrero José Calderón, 2015. "Economic Growth, Exchange Rate and Constrained Competiveness of the Tourism Sector in Andalucía," International Journal of Management and Economics, Warsaw School of Economics, Collegium of World Economy, vol. 48(1), pages 84-100, December.
    • Handle: RePEc:vrs:ijomae:v:48:y:2015:i:1:p:84-100:n:5
    DOI: 10.1515/ijme-2015-0036
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    References listed on IDEAS

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    1. Mesagan, Ekundayo Peter & Alimi, Olorunfemi Yasiru & Vo, Xuan Vinh, 2022. "The asymmetric effects of exchange rate on trade balance and output growth," The Journal of Economic Asymmetries, Elsevier, vol. 26(C).

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    Keywords

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    JEL classification:

    • F43 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Economic Growth of Open Economies
    • L83 - Industrial Organization - - Industry Studies: Services - - - Sports; Gambling; Restaurants; Recreation; Tourism
    • O24 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - Trade Policy; Factor Movement; Foreign Exchange Policy

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