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How Fast are Small Tourist Countries Growing? The 1980-2003 Evidence

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  • Pigliaru, Francesco
  • Brau, Rinaldo
  • Lanza, Alessandro

Abstract

We analyze the empirical relationship between growth, country size and tourism specialization by using a dataset covering the period 1980-2003. We find that tourism countries grow significantly faster than all the other sub-groups considered in our analysis. Tourism appears to be an independent determining factor for growth, and the reason for that is neither because they are poorer than the average, nor because they are very open to trade. Another finding of our paper is that small states are fast-growing only when they are highly specialized in tourism. In contrast with some previous conclusions in the literature, smallness per se is not good for growth.

Suggested Citation

  • Pigliaru, Francesco & Brau, Rinaldo & Lanza, Alessandro, 2007. "How Fast are Small Tourist Countries Growing? The 1980-2003 Evidence," Natural Resources Management Working Papers 12129, Fondazione Eni Enrico Mattei (FEEM).
  • Handle: RePEc:ags:feemnr:12129
    DOI: 10.22004/ag.econ.12129
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    References listed on IDEAS

    as
    1. Valente, Simone, 2005. "Growth, Conventional Production and Tourism Specialisation: Technological Catching-up Versus Terms-of-Trade Effects," Natural Resources Management Working Papers 12139, Fondazione Eni Enrico Mattei (FEEM).
    2. Feenstra, Robert C., 1996. "Trade and uneven growth," Journal of Development Economics, Elsevier, vol. 49(1), pages 229-256, April.
    3. A. Lanza & F. Pigliaru, 1999. "Why Are Tourism Countries Small and Fast-Growing?," Working Paper CRENoS 199906, Centre for North South Economic Research, University of Cagliari and Sassari, Sardinia.
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    5. Gene M. Grossman (ed.), 1996. "Economic Growth," Books, Edward Elgar Publishing, volume 0, number 553, February.
    6. Armstrong, H. & De Kervenoael, R. J. & Li, X. & Read, R., 1998. "A comparison of the economic performance of different micro-states, and between micro-states and larger countries," World Development, Elsevier, vol. 26(4), pages 639-656, April.
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    14. Alessandro Lanza & Anil Markandya & Francesco Pigliaru (ed.), 2005. "The Economics of Tourism and Sustainable Development," Books, Edward Elgar Publishing, number 3876, February.
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    More about this item

    Keywords

    International Development;

    JEL classification:

    • O57 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Comparative Studies of Countries
    • F43 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Economic Growth of Open Economies

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