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How strong is the linkage between tourism and economic growth in Europe?

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  1. Silva Opuala-Charles & Philip Chimobi Omoke & Emmanuel Uche, 2023. "The Dynamic Role of Financial Development in Analyzing the N-Shaped Tourism-Led Growth Hypothesis in Mauritius," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 14(4), pages 4903-4928, December.
  2. Sunil Tiwari & Dilek Cil & Arshian Sharif & Cigdem Karis & Ibrahim Cutcu, 2025. "The Relationship between Tourism Development and Economic Growth in Transition Economies: A Comparative Causality Analysis," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 16(3), pages 12392-12420, September.
  3. Qurat-ul-Ain Ahmed & Usman Ilyas & Sehrish Tariq & Fareeha Zafar, 2017. "Tourism Towards Economic Growth of Pakistan," Bulletin of Business and Economics (BBE), Research Foundation for Humanity (RFH), vol. 6(2), pages 92-97, June.
  4. Lastrapes, William D. & Wiesen, Thomas F.P., 2021. "The joint spillover index," Economic Modelling, Elsevier, vol. 94(C), pages 681-691.
  5. Rukmani Gounder, 2022. "Tourism-led and economic-driven nexus in Mauritius: Spillovers and inclusive development policies in the case of an African nation," Tourism Economics, , vol. 28(4), pages 1040-1058, June.
  6. Friedl Harald A., 2016. "Braucht der Tourismus von morgen „bessere“ Curricula oder „bessere“ Lehre?: Plädoyer für eine problem- statt wissensorientierte Hochschuldidaktik als Grundlage jeder zukunftsfähigen Tourismusausbildung," Zeitschrift für Tourismuswissenschaft, De Gruyter, vol. 8(1), pages 111-122, May.
  7. Kuo-Tsang Huang & Jen Chun Wang, 2015. "Greenhouse Gas Emissions of Tourism-Based Leisure Farms in Taiwan," Sustainability, MDPI, vol. 7(8), pages 1-18, August.
  8. Stacchini, Annalisa & Guizzardi, Andrea & Mariotti, Alessia, 2022. "Smoothing down arbitrariness in planning: From SWOT to participatory decision making," Land Use Policy, Elsevier, vol. 119(C).
  9. Ioana Meșter & Ramona Simuț & Liana Meșter & Dorin Bâc, 2023. "An Investigation of Tourism, Economic Growth, CO 2 Emissions, Trade Openness and Energy Intensity Index Nexus: Evidence for the European Union," Energies, MDPI, vol. 16(11), pages 1-26, May.
  10. Sauveur Giannoni & Juan Hernández & Jorge Pérez-Rodríguez, 2019. "Economic growth and market segment choice in tourism-based economies," Post-Print hal-04653583, HAL.
  11. Moayad Mohammad Alrwajfah & Fernando Almeida-García & Rafael Cortés-Macías, 2019. "Residents’ Perceptions and Satisfaction toward Tourism Development: A Case Study of Petra Region, Jordan," Sustainability, MDPI, vol. 11(7), pages 1-19, March.
  12. Mitra, Subrata Kumar & Chattopadhyay, Manojit & Jana, R.K., 2019. "Spillover analysis of tourist movements within Europe," Annals of Tourism Research, Elsevier, vol. 79(C).
  13. Korinth Bartosz, 2023. "From resilience to collapse: a cross-country study of tourist spending in Europe during the COVID-19 pandemic," Environmental & Socio-economic Studies, Sciendo, vol. 11(3), pages 54-64, September.
  14. Hassani, Hossein & Silva, Emmanuel Sirimal & Antonakakis, Nikolaos & Filis, George & Gupta, Rangan, 2017. "Forecasting accuracy evaluation of tourist arrivals," Annals of Tourism Research, Elsevier, vol. 63(C), pages 112-127.
  15. Dutta, Nabamita & Kar, Saibal, 2018. "Relating rule of law and budgetary allocation for tourism: Does per capita income growth make a difference for Indian states?," Economic Modelling, Elsevier, vol. 71(C), pages 263-271.
  16. De Bruyn C & Meyer N & Meyer D.F, 2018. "Assessing the Dynamic Economic Impact of Tourism in a Developing Region in South Africa," Journal of Economics and Behavioral Studies, AMH International, vol. 10(5), pages 274-283.
  17. Alina Badulescu & Daniel Badulescu & Ramona Simu?, 2018. "The Complex Relationship between International Tourism Demand and Economic Growth: An Analysis on Central and Eastern European Economies," The AMFITEATRU ECONOMIC journal, Academy of Economic Studies - Bucharest, Romania, vol. 20(S12), pages 935-935, November.
  18. Sihan Liu & Hasibul Islam & Tusher Ghosh & Muhammad Sibt e Ali & Kaniz Habiba Afrin, 2025. "Exploring the nexus between economic growth and tourism demand: the role of sustainable development goals," Humanities and Social Sciences Communications, Palgrave Macmillan, vol. 12(1), pages 1-14, December.
  19. Ana Catarina Vieira & Luis Delfim Santos, 2017. "Tourism and regional development: a spatial econometric model for Portugal at municipal level," FEP Working Papers 589, Universidade do Porto, Faculdade de Economia do Porto.
  20. Andrey Aistov & Tatiana Nikolaeva, 2019. "Tourism-led growth hypothesis," Applied Econometrics, Russian Presidential Academy of National Economy and Public Administration (RANEPA), vol. 56, pages 5-24.
  21. Sarantis Lolos & Panagiotis Palaios & Evangelia Papapetrou, 2023. "Tourism-led growth asymmetries in Greece: evidence from quantile regression analysis," Portuguese Economic Journal, Springer;Instituto Superior de Economia e Gestao, vol. 22(1), pages 125-148, January.
  22. Adriana Csikosova & Katarina Culkova & Erik Weiss & Maria Janoskova, 2021. "Evaluation of Market with Accommodation Facilities Considering Risk Influence—Case Study Slovakia," JRFM, MDPI, vol. 14(5), pages 1-17, May.
  23. Waheed, Rida & Sarwar, Suleman & Dignah, Ashwaq, 2020. "The role of non-oil exports, tourism and renewable energy to achieve sustainable economic growth: What we learn from the experience of Saudi Arabia," Structural Change and Economic Dynamics, Elsevier, vol. 55(C), pages 49-58.
  24. Lois González, Rubén Camilo & Eade, John & Carballo-Penela, Adolfo, 2021. "The socio-economic impact of cultural itineraries: The Way of Saint James and other pilgramage routes," Revista Galega de Economía, University of Santiago de Compostela. Faculty of Economics and Business., vol. 30(3), pages 1-4.
  25. Waheed Ahmad & Tariq Majeed & Zubaria Andlib, 2020. "Tourism Led Growth Hypothesis: Empirical Evidence From Five South Asian Countries," Bulletin of Business and Economics (BBE), Research Foundation for Humanity (RFH), vol. 9(1), pages 51-59, March.
  26. Suzana Baresa & Sinisa Bogdan & Zoran Ivanovic, 2018. "The Performance Of Minimum Variance Portfolios In The Croatian Tourism Sector," UTMS Journal of Economics, University of Tourism and Management, Skopje, Macedonia, vol. 9(1), pages 63-72.
  27. Blanka Škrabić Perić & Blanka Šimundić & Vinko Muštra & Marijana Vugdelija, 2021. "The Role of UNESCO Cultural Heritage and Cultural Sector in Tourism Development: The Case of EU Countries," Sustainability, MDPI, vol. 13(10), pages 1-14, May.
  28. Ruzhao Gao & Yancai Zhao & Bing Zhang, 2021. "The spillover effects of economic policy uncertainty on the oil, gold, and stock markets: Evidence from China," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 26(2), pages 2134-2141, April.
  29. Pat Obi & Godwin-Charles Ogbeide, 2022. "The Mediating Effects of Implied Volatility and Exchange Rate on the U.S. Tourism-Growth Nexus," JRFM, MDPI, vol. 15(3), pages 1-16, February.
  30. Hidalgo, Alberto, 2024. "Your room is ready: Tourism and urban revival," Regional Science and Urban Economics, Elsevier, vol. 109(C).
  31. Afonso, António & Morão, Hugo, 2024. "Commonalities and heterogeneity in the Iberian business cycle," The Journal of Economic Asymmetries, Elsevier, vol. 30(C).
  32. Pablo Juan Cárdenas-García & Juan Gabriel Brida & Verónica Segarra, 2024. "A qualitative dynamic analysis of the relationship between tourism and human development," Humanities and Social Sciences Communications, Palgrave Macmillan, vol. 11(1), pages 1-14, December.
  33. Oluwatosin Adeniyi & Terver T Kumeka & Samuel Orekoya & Wasiu Adekunle, 2023. "Impact of tourism development on inclusive growth: A panel vector autoregression analysis for African economies," Tourism Economics, , vol. 29(3), pages 612-642, May.
  34. Hanzhi Zhang & Qiang Liang & Yu Li & Pengpeng Gao, 2023. "Promoting eco-tourism for the green economic recovery in ASEAN," Economic Change and Restructuring, Springer, vol. 56(3), pages 2021-2036, June.
  35. George Ekonomou & George Halkos, 2024. "Expanding the tourism energy growth nexus: an empirical analysis within the Eurozone," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 26(11), pages 27585-27605, November.
  36. Nisar Ahmad & Angeliki N. Menegaki & Saeed Al‐Muharrami, 2020. "Systematic Literature Review Of Tourism Growth Nexus: An Overview Of The Literature And A Content Analysis Of 100 Most Influential Papers," Journal of Economic Surveys, Wiley Blackwell, vol. 34(5), pages 1068-1110, December.
  37. Xu Huang & Emmanuel Silva & Hossein Hassani, 2018. "Causality between Oil Prices and Tourist Arrivals," Stats, MDPI, vol. 1(1), pages 1-21, October.
  38. Castillo-Manzano, José I. & Castro-Nuño, Mercedes & López-Valpuesta, Lourdes & Pedregal-Tercero, Diego J. & Garrido-Michó, José M., 2018. "High Speed Rail: Fast tracking tourism in the EU?," Annals of Tourism Research, Elsevier, vol. 71(C), pages 64-66.
  39. Francis Baidoo & Elikplimi Komla Agbloyor & Vera Ogeh Lassey Fiador & Nana Amaniampong Marfo, 2022. "Do countries’ geographical locations moderate the tourism-led economic growth nexus in sub-Saharan Africa?," Tourism Economics, , vol. 28(4), pages 1009-1039, June.
  40. Segun Subair Awode, 2022. "Tourism Development in Nigeria: Implications for Economic Growth and Diversification," South-Eastern Europe Journal of Economics, Association of Economic Universities of South and Eastern Europe and the Black Sea Region, vol. 20(1), pages 7-30.
  41. Tomohara, Akinori, 2016. "Japan's tourism-led foreign direct investment inflows: An empirical study," Economic Modelling, Elsevier, vol. 52(PB), pages 435-441.
  42. Shahbaz, Muhammad & Ferrer, Román & Hussain Shahzad, Syed Jawad & Haouas, Ilham, 2017. "Is the tourism-economic growth nexus time-varying? Bootstrap rolling-window causality analysis for the top ten tourist destinations," MPRA Paper 82713, University Library of Munich, Germany, revised 04 Nov 2017.
  43. Viorica Chirilă & Gina Ionela Butnaru & Ciprian Chirilă, 2020. "Spillover Index Approach in Investigating the Linkage between International Tourism and Economic growth in Central and Eastern European Countries," Sustainability, MDPI, vol. 12(18), pages 1-36, September.
  44. Arlindo Madeira & Teresa Palrão & Alexandra Sofia Mendes, 2020. "The Impact of Pandemic Crisis on the Restaurant Business," Sustainability, MDPI, vol. 13(1), pages 1-13, December.
  45. Mohd Arshad Ansari, 2025. "Tourism and Economic Growth: Evidence from Cross-Country Data with Policy Insights," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 16(1), pages 968-1013, March.
  46. Ceyhun Can OZCAN & Murat ASLAN & Saban NAZLIOGLU, 2017. "Economic freedom, economic growth and international tourism for post-communist (transition) countries: A panel causality analysis," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania / Editura Economica, vol. 0(2(611), S), pages 75-98, Summer.
  47. Shahzad, Syed Jawad Hussain & Shahbaz, Muhammad & Ferrer, Román & Kumar, Ronald Ravinesh, 2017. "Tourism-led growth hypothesis in the top ten tourist destinations: New evidence using the quantile-on-quantile approach," Tourism Management, Elsevier, vol. 60(C), pages 223-232.
  48. Cuccia, Tiziana & Guccio, Calogero & Rizzo, Ilde, 2016. "The effects of UNESCO World Heritage List inscription on tourism destinations performance in Italian regions," Economic Modelling, Elsevier, vol. 53(C), pages 494-508.
  49. Yuanhe Yu & Junwei Li & Zijun Li, 2025. "The impact of an urban tourism boom on farmers' income in neighboring rural communities: Evidence from the Lijiang Ancient City, China," Sustainable Development, John Wiley & Sons, Ltd., vol. 33(2), pages 1714-1728, April.
  50. Naradda Gamage, Sisira Kumara & Kumudumali, S. H. T. & Otamurodov, Shavkat, 2020. "The Nexus between Tourism and Economic Growth: A Systematic Literature Review and Future Research Directions," MPRA Paper 104086, University Library of Munich, Germany.
  51. Jianping Zha & Zhiyong Li, 2017. "Drivers of tourism growth," Tourism Economics, , vol. 23(5), pages 941-962, August.
  52. Saif-Alyousfi, Abdulazeez Y.H. & Saha, Asish, 2021. "Do tourism receipts affect bank profitability? Analytical evidence from 85 tourism economies," Research in International Business and Finance, Elsevier, vol. 58(C).
  53. Li, Meiyi & Fan, Yanmei & Guo, Cheng & Li, Xiaokun, 2025. "Tourism prosperity and high-quality economic development," International Review of Economics & Finance, Elsevier, vol. 101(C).
  54. Roberto Balado-Naves & David Boto-García & José Francisco Baños-Pino, 2024. "A multisector growth model for testing the Tourism-Led Growth versus the Beach Disease hypotheses," Efficiency Series Papers 2024/01, University of Oviedo, Department of Economics, Oviedo Efficiency Group (OEG).
  55. Sauveur Giannoni & Juan M. Hernández & Jorge V. Pérez-Rodríguez, 2020. "Economic growth and market segment choice in tourism-based economies," Empirical Economics, Springer, vol. 59(3), pages 1435-1452, September.
  56. Maruska Vizek, 2019. "The Sovereign Bond Markets Return And Volatility Spillovers," Economic Thought and Practice, Department of Economics and Business, University of Dubrovnik, vol. 28(2), pages 597-610, december.
  57. Erdoğan, Seyfettin & Gedikli, Ayfer & Cevik, Emrah Ismail & Erdoğan, Fatma, 2022. "Eco-friendly technologies, international tourism and carbon emissions: Evidence from the most visited countries," Technological Forecasting and Social Change, Elsevier, vol. 180(C).
  58. Romão, João, 2020. "Tourism, smart specialisation, growth, and resilience," Annals of Tourism Research, Elsevier, vol. 84(C).
  59. Milagros Fernández-Herrero & Rosa María Hernández-Maestro & Óscar González-Benito, 2022. "Antecedents of tourist trip planning autonomy: The moderating effects of a global economic crisis," Tourism Economics, , vol. 28(5), pages 1153-1173, August.
  60. Łukasz Bugalski, 2020. "The Undisrupted Growth of the Airbnb Phenomenon between 2014–2020. The Touristification of European Cities before the COVID-19 Outbreak," Sustainability, MDPI, vol. 12(23), pages 1-20, November.
  61. Rafał Kaźmierczak & Agnieszka Szczepańska & Cezary Kowalczyk & Grzegorz Grunwald & Artur Janowski, 2021. "Using AR Technology in Tourism Based on the Example of Maritime Educational Trips—A Conceptual Model," Sustainability, MDPI, vol. 13(13), pages 1-22, June.
  62. Haroon Rasool & Shafat Maqbool & Md. Tarique, 2021. "The relationship between tourism and economic growth among BRICS countries: a panel cointegration analysis," Future Business Journal, Springer, vol. 7(1), pages 1-11, December.
  63. Dogan, Ergun & Zhang, Xibin, 2023. "A nonparametric panel data model for examining the contribution of tourism to economic growth," Economic Modelling, Elsevier, vol. 128(C).
  64. Paravee Maneejuk & Woraphon Yamaka & Wilawan Srichaikul, 2022. "Tourism Development and Economic Growth in Southeast Asian Countries under the Presence of Structural Break: Panel Kink with GME Estimator," Mathematics, MDPI, vol. 10(5), pages 1-17, February.
  65. Yuichi Furukawa & Kenji Kondoh & Shigemi Yabuuchi, 2019. "Tourism, Capital and Labor Inflows and Regional Development," International Advances in Economic Research, Springer;International Atlantic Economic Society, vol. 25(2), pages 221-233, May.
  66. Alejandro Parot & Kevin Michell & Werner D. Kristjanpoller, 2019. "Using Artificial Neural Networks to forecast Exchange Rate, including VAR‐VECM residual analysis and prediction linear combination," Intelligent Systems in Accounting, Finance and Management, John Wiley & Sons, Ltd., vol. 26(1), pages 3-15, January.
  67. Muhammad Shahbaz & Román Ferrer & Syed Jawad Hussain Shahzad & Ilham Haouas, 2018. "Is the tourism–economic growth nexus time-varying? Bootstrap rolling-window causality analysis for the top 10 tourist destinations," Applied Economics, Taylor & Francis Journals, vol. 50(24), pages 2677-2697, May.
  68. Olena STRYZHAK & Ramazan SAYAR & Yılmaz Onur ARI, 2022. "Geopolitical risks, GDP and tourism: an ARDL-ECM cointegration study on Ukraine," CES Working Papers, Centre for European Studies, Alexandru Ioan Cuza University, vol. 14(1), pages 85-113, May.
  69. Andraz, Jorge M. & Norte, Nélia M. & Gonçalves, Hugo S., 2015. "Effects of tourism on regional asymmetries: Empirical evidence for Portugal," Tourism Management, Elsevier, vol. 50(C), pages 257-267.
  70. Andrzej Tucki & Korneliusz Pylak, 2021. "Collective or Individual? What Types of Tourism Reduce Economic Inequality in Peripheral Regions?," Sustainability, MDPI, vol. 13(9), pages 1-16, April.
  71. Wakimin, Nur Fadzlunnisaa & Azlina, A.A. & Samsudin, Hazman & Kamaludin, Mahirah, 2019. "The Impact of Tourism Demand, Government Expenditure on Education and Income on the Environment in ASEAN-5 Countries," Jurnal Ekonomi Malaysia, Faculty of Economics and Business, Universiti Kebangsaan Malaysia, vol. 53(3), pages 75-90.
  72. Xia Wang & Danli Liu, 2020. "The Coupling Coordination Relationship between Tourism Competitiveness and Economic Growth of Developing Countries," Sustainability, MDPI, vol. 12(6), pages 1-18, March.
  73. Luis Delfim Santos & Ana Catarina Vieira, 2020. "Tourism and regional development: a spatial econometric model for Portugal at municipal level," Portuguese Economic Journal, Springer;Instituto Superior de Economia e Gestao, vol. 19(3), pages 285-299, September.
  74. Konstantinos Marinakos & Georgia Pistikou & Alkistis Papaioanou, 2023. "Tax Evasion in Hospitality Industry: Institutional Deficit, Mentality or Necessity?," Bulletin of Applied Economics, Risk Market Journals, vol. 10(1), pages 69-79.
  75. Nishimura, Yusaku & Tsutsui, Yoshiro & Hirayama, Kenjiro, 2018. "Do international investors cause stock market spillovers? Comparing responses of cross-listed stocks between accessible and inaccessible markets," Economic Modelling, Elsevier, vol. 69(C), pages 237-248.
  76. Ioannis Kostakis & Eleni Theodoropoulou, 2017. "Spatial analysis of the nexus between tourism–human capital–economic growth," Tourism Economics, , vol. 23(7), pages 1523-1534, November.
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