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A literature review on the tourism-led-growth hypothesis

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Listed author(s):
  • JG. Brida
  • M. Pulina

    ()

Abstract

The aim of this paper is to provide a comprehensive literature review on the temporal relationship between tourism and economic growth. Specifically, the role of a such economic activity, as a promoter of short and long run economic growth, is investigated by assessing the so-called Tourism Led Growth Hypothesis (TLGH). To this aim, various methodological approaches have been used, such as VAR, VECM, ARDL, ARCH, GARCH, cross section and panel data. The cointegrating relationship of the economic variables allows one to test the short and long run Granger no-causality. Overall, the empirical findings, emerging from the existing literature, provide evidence that indeed tourism activity drives economic development in all the countries analysed. This outcome further supports the well-established contribution that international tourism has to the economic development.

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Paper provided by Centre for North South Economic Research, University of Cagliari and Sassari, Sardinia in its series Working Paper CRENoS with number 201017.

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Date of creation: 2010
Handle: RePEc:cns:cnscwp:201017
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Keywords: tourism; economic growth; granger causality; comprehensive review;

Find related papers by JEL classification:

  • L83 - Industrial Organization - - Industry Studies: Services - - - Sports; Gambling; Restaurants; Recreation; Tourism
  • E43 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Interest Rates: Determination, Term Structure, and Effects
  • D30 - Microeconomics - - Distribution - - - General

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  1. Javier Capó Parrilla & Antoni Riera Font & Jaume Rosselló Nadal, 2005. "Dutch Disease in Tourism Economies. Evidence from Spain," CRE Working Papers (Documents de treball del CRE) 2005/01, Centre de Recerca Econòmica (UIB ·"Sa Nostra"), revised Jan 2005.
  2. Lutkepohl, Helmut, 1982. "Non-causality due to omitted variables," Journal of Econometrics, Elsevier, vol. 19(2-3), pages 367-378, August.
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Cited by:

  1. Juan Gabriel Brida & Bibiana Lanzilotta & Fiorella Pizzolon, 2016. "Dynamic relationship between tourism and economic growth in MERCOSUR countries: a nonlinear approach based on asymmetric time series models," Economics Bulletin, AccessEcon, vol. 36(2), pages 879-894.
  2. Raffaele Paci & Emanuela Marrocu, 2014. "Tourism and regional growth in Europe," Papers in Regional Science, Wiley Blackwell, vol. 93, pages 25-50, November.
  3. Lingaraj MALLICK & Ummalla MALLESH & Jaganath BEHERA, 2016. "Does tourism affect economic growth in Indian states? Evidence from panel ARDL model," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania - AGER, vol. 0(1(606), S), pages 183-194, Spring.
  4. Antonakakis, Nikolaos & Dragouni, Mina & Filis, George, 2015. "How strong is the linkage between tourism and economic growth in Europe?," Economic Modelling, Elsevier, vol. 44(C), pages 142-155.
  5. Antonakakis, Nikolaos & Dragouni, Mina & Eeckels, Bruno & Filis, George, 2016. "Tourism and economic growth: Does democracy matter?," Annals of Tourism Research, Elsevier, vol. 61(C), pages 258-264.
  6. Nizar, Muhammad Afdi, 2011. "Pengaruh Pariwisata Terhadap Pertumbuhan Ekonomi Di Indonesia
    [Tourism Effect On Economic Growth In Indonesia]    ," MPRA Paper 65628, University Library of Munich, Germany.
  7. Mina Dragouni & George Filis & Nikolaos Antonakakis, 2013. "Time-Varying Interdependencies of Tourism and Economic Growth: Evidence from European Countries," FIW Working Paper series 128, FIW.
  8. Tveteras, Sigbjorn & Roll, Kristin H., 2011. "Long-haul flights and tourist arrivals," MPRA Paper 32157, University Library of Munich, Germany.
  9. repec:agr:journl:v:xxiv:y:2017:i:2(611):p:75-98 is not listed on IDEAS
  10. Maruska Vizek & Marina Tkalec, 2014. "The Price Tag Of Tourism: Do Small Open Economies Dependent On Tourism Revenues Experience Higher Prices Of Goods And Services?," Proceedings of International Academic Conferences 0301622, International Institute of Social and Economic Sciences.
  11. Theodore Panagiotidis & Thomas Panagiotou & Maurizio Mussoni, 2012. "Tourism Led Growth: Evidence from Panel Cointegration Tests," Working Paper Series 74_12, The Rimini Centre for Economic Analysis.
  12. Juan Gabriel Brida & Diego Giuliani, 2012. "Empirical assessment of the tourism-led growth hypothesis: the case of the “Tirol-Südtirol-Trentino†Europaregion," DISA Working Papers 2012/02, Department of Computer and Management Sciences, University of Trento, Italy, revised Mar 2012.
  13. Chor Foon Tang & Salah Abosedra, 2016. "Tourism and growth in Lebanon: new evidence from bootstrap simulation and rolling causality approaches," Empirical Economics, Springer, vol. 50(2), pages 679-696, March.
  14. Dogan Gursoy & Anna Maria Parroco & Raffaele Scuderi, 2013. "An examination of tourist arrivals dynamics using short-term time series data: a space-time cluster approach," BEMPS - Bozen Economics & Management Paper Series BEMPS06, Faculty of Economics and Management at the Free University of Bozen.
  15. Benzarour, Choukri & satour, rachid, 2016. "السياحة والنمو الاقتصادي في الجزائر : الأدلة من التكامل المشترك و تحليل السببية
    [Tourism and economic growth in Algeria: Evidence of Cointegration and causal analysis]    ," MPRA Paper 78731, University Library of Munich, Germany.
  16. Jorge Moll-de-Alba & Lluís Prats & Lluís Coromina, 2016. "The need to adapt to travel expenditure patterns. A study comparing business and leisure tourists in Barcelona," Eurasian Business Review, Springer;Eurasia Business and Economics Society, vol. 6(2), pages 253-267, August.

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