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Tourism and Growth: Evidence for Spain and Italy

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  • Isabel Cortes-Jimenez

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  • Manuela Pulina

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Abstract

International tourism is a major foreign exchange earner and a principal export for many low income countries as well as for developed ones. Nowadays many developing countries focus economic policies on promoting international tourism as a potential source of economic growth for the country However, the understanding of the relationship between exports and economic growth is still ongoing and, while cross-section studies support the hypothesis that exports promote growth, time series studies have been less conclusive. This paper has the objective to assess if exports and tourism have really promoted growth at an aggregated level for the two main developed countries in the Mediterranean area, namely Italy and Spain, that represent important countries regarding the expansion of tourism. The methodology applied in this work is a cointegration methodology and the Granger causality test.

Suggested Citation

  • Isabel Cortes-Jimenez & Manuela Pulina, 2006. "Tourism and Growth: Evidence for Spain and Italy," ERSA conference papers ersa06p128, European Regional Science Association.
  • Handle: RePEc:wiw:wiwrsa:ersa06p128
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    File URL: http://www-sre.wu.ac.at/ersa/ersaconfs/ersa06/papers/128.pdf
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    References listed on IDEAS

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    Cited by:

    1. Stefania Lionetti & Juan Gabriel Brida & Wiston Adrián Risso, 2009. "Long run economic growth and tourism: inferring from Uruguay," Quaderni della facoltà di Scienze economiche dell'Università di Lugano 0901, USI Università della Svizzera italiana.
    2. M. Pulina & B. Biagi, 2006. "Tourism, environmental quality and economic growth: empirical evidence and policy implications," Working Paper CRENoS 200609, Centre for North South Economic Research, University of Cagliari and Sassari, Sardinia.
    3. Tang, Chor Foon, 2011. "Tourism, real output and real effective exchange rate in Malaysia: a view from rolling sub-samples," MPRA Paper 29379, University Library of Munich, Germany.

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