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Has the tourism-led growth hypothesis been validated? A literature review

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  1. Amin, Sakib Bin & Taghizadeh-Hesary, Farhad, 2023. "Tourism, sustainability, and the economy in Bangladesh: The innovation connection amidst Covid-19," Economic Analysis and Policy, Elsevier, vol. 79(C), pages 153-167.
  2. Garrod Brian & Almeida António & Machado Luiz, 2023. "Modelling of nonlinear asymmetric effects of changes in tourism on economic growth in an autonomous small-island economy," European Journal of Tourism, Hospitality and Recreation, Sciendo, vol. 13(2), pages 154-172, December.
  3. 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.
  4. Toshiyuki MATSUURA & Masahiro ENDOH & Hisamitsu SAITO, 2026. "Impact of Inbound Tourism on Regional Economic Development: Evidence from Japanese commuting zone-level data," Discussion papers 26020, Research Institute of Economy, Trade and Industry (RIETI).
  5. Cota Boris & Erjavec Nataša & Jakšić Saša, 2025. "Tourism and Growth Nexus in the Eu," Review of Economic Perspectives, Sciendo, vol. 25(2), pages 109-122.
  6. Okumus, Fevzi & Kocak, Emrah, 2023. "Tourism and economic output: Do asymmetries matter?," Annals of Tourism Research, Elsevier, vol. 100(C).
  7. Ronald Ravinesh Kumar & Peter Josef Stauvermann & Lien Thi Mai Dau, 2025. "Exploring the Tourism and Economic Growth Relationship in Vietnam: A Cointegration Analysis with Model-Specific Structural Breaks," Economies, MDPI, vol. 13(2), pages 1-47, January.
  8. Martin Enilov & Yuan Wang, 2022. "Tourism and economic growth: Multi-country evidence from mixed-frequency Granger causality tests," Tourism Economics, , vol. 28(5), pages 1216-1239, August.
  9. Kumar, Nikeel Nishkar & Patel, Arvind, 2023. "Nonlinear effect of air travel tourism demand on economic growth in Fiji," Journal of Air Transport Management, Elsevier, vol. 109(C).
  10. Juan Gabriel Brida & Pablo Juan Cárdenas-García, 2025. "Introduction: Special focus on tourism, economic development and environmental impact," Tourism Economics, , vol. 31(1), pages 72-75, February.
  11. Dandy Badimo & Zhao Yuhuan, 2024. "The relationship between inbound tourism and economic growth: Case of Botswana," Natural Resources Forum, Blackwell Publishing, vol. 48(1), pages 16-34, February.
  12. Antoine Belgodere & Sauveur Giannoni & Sandrine Noblet, 2022. "Are good institutions required to import economic growth? The case of tourism," Tourism Economics, , vol. 28(7), pages 1943-1955, November.
  13. Santos, Joao Pedro Barbosa & França, Luis Claudio Teixeira & Lima, Brenda L. & Reis, Renato B. & Spínola, Carolina & Martins, Joberto S. B. Prof. Dr., 2025. "Evidence analysis of tourism and geographic location correlation with syphilis incidence," SocArXiv q58xc_v1, Center for Open Science.
  14. Rodousakis, Nikolaos & Soklis, George, 2024. "An “Extended method” for measuring intersectoral linkages: The case of the Greek tourism sector," Structural Change and Economic Dynamics, Elsevier, vol. 70(C), pages 594-606.
  15. Bernardina Algieri & Antonio à lvarez, 2023. "Assessing the ability of regions to attract foreign tourists: The case of Italy," Tourism Economics, , vol. 29(3), pages 788-811, May.
  16. Vinko Muštra & Blanka Škrabić Perić & Smiljana Pivčević, 2023. "Cultural heritage sites, tourism and regional economic resilience," Papers in Regional Science, Wiley Blackwell, vol. 102(3), pages 465-482, June.
  17. Isabel P. Albaladejo & Juan Gabriel Brida & María Isabel González‐Martínez & Verónica Segarra, 2023. "A new look to the tourism and economic growth nexus: A clustering and panel causality analysis," The World Economy, Wiley Blackwell, vol. 46(9), pages 2835-2856, September.
  18. Buljat Maja & Herman Suzana & Covic Kristijan, 2022. "Application of Multiple Regression Analysis in modeling the role of the hotel industry in a country's economy," Journal of Economic and Social Development, Clinical Journals Press, vol. 9(02), pages 01-10.
  19. 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.
  20. Bernini, Cristina & Galli, Federica, 2023. "Innovation, productivity and spillover effects in the Italian accommodation industry," Economic Modelling, Elsevier, vol. 119(C).
  21. Risso, Adrián, 2022. "El impacto de los programas de inversión pública en turismo sobre los ingresos por turismo en América Latina y el Caribe," IDB Publications (Working Papers) 12041, Inter-American Development Bank.
  22. Maximo Camacho & Maria del Carmen Ramos-Herrera, 2025. "Does tourism reduce income inequality?," Tourism Economics, , vol. 31(3), pages 381-401, May.
  23. Ramzi Benkraiem & Amine Lahiani & Anthony Miloudi & Muhammad Shahbaz, 2021. "A new look at the tourism development and economic growth nexus: International evidence," Tourism Economics, , vol. 27(8), pages 1707-1735, December.
  24. Salih Türedi & Mustafa Şit & Haydar Karadağ & Chew Ging Lee, 2023. "Does healthcare sector development affect inbound tourism? Evidence from ASEAN countries," Tourism Economics, , vol. 29(6), pages 1662-1670, September.
  25. José Alberto Fuinhas & Daniela Castilho & Volkan Kaymaz & Matheus Koengkan, 2025. "Is tourism a primary driver of inflation in house prices? The case of European countries," International Review of Economics, Springer;Happiness Economics and Interpersonal Relations (HEIRS), vol. 72(2), pages 1-28, December.
  26. Philip Watson & Steven Deller, 2022. "Tourism and economic resilience," Tourism Economics, , vol. 28(5), pages 1193-1215, August.
  27. Niccolò Comerio & Fausto Pacicco, 2024. "The role of tourism in reducing economic inequalities: the case of Italy," Economia Politica: Journal of Analytical and Institutional Economics, Springer;Fondazione Edison, vol. 41(3), pages 839-880, October.
  28. Alejandro Alcalá‐Ordóñez & Juan Gabriel Brida & Pablo Juan Cárdenas‐García & Verónica Segarra, 2025. "Tourism as an instrument of economic growth: Empirical exploration at the regional level in Spain," Natural Resources Forum, Blackwell Publishing, vol. 49(1), pages 222-243, February.
  29. Pablo Juan Cárdenas-García & Juan Gabriel Brida & Verónica Segarra, 2024. "Modeling the link between tourism and economic development: evidence from homogeneous panels of countries," Humanities and Social Sciences Communications, Palgrave Macmillan, vol. 11(1), pages 1-12, December.
  30. Diana Botei & Jundong Hou & Williams Shaw, 2026. "Tourism Earnings and Economic Growth in Fiji: Symmetric, Asymmetric and Resilience Dynamics," Journal of International Development, John Wiley & Sons, Ltd., vol. 38(2), pages 313-329, March.
  31. Tetyana Surovtseva & Libertad González, 2020. "Do More Tourists Promote Local Employment?," Working Papers 1208, Barcelona School of Economics.
  32. Fei Fan & Van-Trung Ha, 2025. "Tourism-led growth or economy-driven tourism growth in Southeast Asian countries," Humanities and Social Sciences Communications, Palgrave Macmillan, vol. 12(1), pages 1-17, December.
  33. Cosmin TILEAGĂ & Mihai Gabriel CRISTIAN, 2025. "Air Connectivity As A Driver Of Destination Competitiveness: An Empirical Analysis Of European Cities," Studies in Business and Economics, Lucian Blaga University of Sibiu, Faculty of Economic Sciences, vol. 20(3), pages 280-294, December.
  34. Jorge V Pérez-Rodríguez & Heiko Rachinger & María Santana-Gallego, 2022. "Does tourism promote economic growth? A fractionally integrated heterogeneous panel data analysis," Tourism Economics, , vol. 28(5), pages 1355-1376, August.
  35. 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).
  36. Bibiana Lanzilotta & Miriam Scaglione & Verónica Segarra, 2025. "Unraveling the links between development, growth, and tourism specialization. A country-panel analysis using self-organizing maps," Tourism Economics, , vol. 31(1), pages 140-156, February.
  37. Brida Juan Gabriel & Moreno Leonardo & Scaglione Miriam, 2024. "Modeling multivariate tourism expenditure using vine copula: empirical findings from of Fribourg-Switzerland," Quality & Quantity: International Journal of Methodology, Springer, vol. 58(5), pages 4093-4116, October.
  38. Shujaat Naeem Azmi & Tasneem Khan & Wajahat Azmi & Naghma Azhar, 2023. "A panel cointegration analysis of linkages between international trade and tourism: case of India and South Asian Association for Regional Cooperation (SAARC) countries," Quality & Quantity: International Journal of Methodology, Springer, vol. 57(6), pages 5157-5176, December.
  39. Sakiru Adebola Solarin & Muhammed Sehid Gorus & Onder Ozgur, 2024. "Modelling the economic effect of inbound birth tourism: a random forest algorithm approach," Quality & Quantity: International Journal of Methodology, Springer, vol. 58(5), pages 4223-4240, October.
  40. Angeliki N Menegaki & Aviral Kumar Tiwari, 2022. "The stability of interaction channels between tourism and financial development in 10 top tourism destinations: Evidence from a Fourier Toda-Yamamoto estimator," Tourism Economics, , vol. 28(7), pages 1914-1942, November.
  41. 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.
  42. Chen, Liang & Guo, Yirong, 2023. "Revisiting resources extraction perspective in determining the tourism industry: Globalisation and human capital for next-11 economies," Resources Policy, Elsevier, vol. 85(PA).
  43. Rita De Siano & Rosaria Rita Canale, 2024. "The role of tourism in European regions’ economic recovery: A spatial perspective," Tourism Economics, , vol. 30(8), pages 2021-2042, December.
  44. Rapetti, Martin, 2020. "Conflicto distributivo y crecimiento en Argentina [Distributive Conflict and economic growth in Argentina]," MPRA Paper 123149, University Library of Munich, Germany.
  45. Tang, Chor-Foon & Suksonghong, Karoon, 2025. "The asymmetric effects of medical tourism and information technology on economic growth: evidence from panel quantile regression," The Journal of Economic Asymmetries, Elsevier, vol. 32(C).
  46. Jun Zhang, 2023. "Spatial effects of tourism development on economic resilience: an empirical study of Wenchuan earthquake based on dynamic spatial Durbin model," Natural Hazards: Journal of the International Society for the Prevention and Mitigation of Natural Hazards, Springer;International Society for the Prevention and Mitigation of Natural Hazards, vol. 115(1), pages 309-329, January.
  47. Alejandro Alcalá-Ordóñez & Verónica Segarra, 2025. "Tourism and economic development: A literature review to highlight main empirical findings," Tourism Economics, , vol. 31(1), pages 76-103, February.
  48. Yuxuan Xiao & Will W Qiang & Chung-Shing Chan & Steve H L Yim & Harry F Lee, 2024. "How far can air pollution affect tourism in China? Evidence from panel unconditional quantile regressions," PLOS ONE, Public Library of Science, vol. 19(6), pages 1-21, June.
  49. Sefa Awaworyi Churchill & John Inekwe & Kris Ivanovski, 2022. "Has tourism driven house prices in Germany? Time-varying evidence since 1870," Tourism Economics, , vol. 28(7), pages 1705-1723, November.
  50. Adrian R Fleissig, 2021. "Expenditure and price elasticities for tourism sub-industries from the Fourier flexible form," Tourism Economics, , vol. 27(8), pages 1692-1706, December.
  51. Goran Karanovic, 2023. "Exploring the Intrinsic Factors Influencing Return on Assets: A Case Study of the Hotel Industry in Selected EU Countries," International Journal of Business and Economic Sciences Applied Research (IJBESAR), Democritus University of Thrace (DUTH), Kavala Campus, Greece, vol. 16(1), pages 54-61, October.
  52. Hisamitsu SAITO & Toshiyuki MATSUURA & Masahiro ENDOH, 2025. "Inbound Tourism and Tourists’ Preferences for Accommodation Quality," Discussion papers 25091, Research Institute of Economy, Trade and Industry (RIETI).
  53. Starodubrovskaya, Irina (Стародубровская, Ирина) & Sitkievich, Daniil (Ситкевич, Даниил), 2024. "Tourism and Modernization in the Northern Caucasus Republics — New Opportunities for Catch-up Development [Туризм И Модернизация В Республиках Северного Кавказа — Новые Возможности Догоняющего Развития]," Ekonomicheskaya Politika / Economic Policy, Russian Presidential Academy of National Economy and Public Administration, issue 5, pages 84-113.
  54. K. Ali Akkemik & Jorge Tavares Borges & Denes Perlaky, 2024. "Economic impact of tourism in Cabo Verde: a CGE analysis," International Journal of Economic Policy Studies, Springer, vol. 18(1), pages 173-195, February.
  55. Subrata K Mitra & Jitendra Sharma & Maheswaran Srinivasan & Jagannath Mohanty & Salman Ali, 2025. "Capability choices in tourism and economic activities: The influence of human development," Tourism Economics, , vol. 31(5), pages 933-950, August.
  56. Francisco Alcalá-Olid & Alejandro Alcalá-Ordóñez & Rui Alexandre Castanho & José Carlos Collado-González, 2026. "The relationship between tourism, economic growth and environmental sustainability: empirical evidence from major tourist destinations," Humanities and Social Sciences Communications, Palgrave Macmillan, vol. 13(1), pages 1-13, December.
  57. Bui Hoang Ngoc & Canh Chi Hoang & Nguyen Huynh Mai Tram, 2024. "A time-varying analysis between economic uncertainty and tourism development in Singapore," PLOS ONE, Public Library of Science, vol. 19(5), pages 1-21, May.
  58. Martin Thomas Falk & Eva Hagsten, 2025. "Commitment of travel and leisure firms to sustainable development goals," Tourism Economics, , vol. 31(1), pages 124-139, February.
  59. Huthaifa Alqaralleh & Ahmad Alsarayreh & Ahmad Alsaraireh, 2025. "The Asymmetric Relationship Between Tourism and Economic Growth: A Panel Quantile ARDL Analysis," Economies, MDPI, vol. 13(4), pages 1-21, April.
  60. Chandan Sharma, 2024. "Good and bad effects of corruption and political uncertainty on tourism-growth linkage: World-wide evidence," Tourism Economics, , vol. 30(6), pages 1423-1447, September.
  61. 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.
  62. 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.
  63. Panpan Sun & Songshan (Sam) Huang & Ghialy Yap & Zhibin Lin & Lei Zhao, 2026. "Pathways to prosperity: How tourism industry training reduces poverty," Tourism Economics, , vol. 32(1), pages 150-171, February.
  64. Juan Gabriel Brida & Pablo Juan Cárdenas-García & Verónica Segarra, 2023. "Turismo y Desarrollo Económico: una Exploración Empírica," Working Papers 283, Red Nacional de Investigadores en Economía (RedNIE).
  65. Azizjon Qodirov & Dilfuza Urakova & Mirzoxid Amonov & Manzura Masharipova & Ergash Ibadullaev & Fozil Xolmurotov & Feruz Matkarimov, 2024. "The Dynamics of Tourism, Economic Growth, and CO2 Emissions in Uzbekistan: An ARDL Approach," International Journal of Energy Economics and Policy, Econjournals, vol. 14(6), pages 365-370, November.
  66. Jean-François Hoarau, 2022. "Is international tourism responsible for the outbreak of the COVID-19 pandemic? A cross-country analysis with a special focus on small islands," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 158(2), pages 493-528, May.
  67. Herman Sahni & Christian Nsiah & Bichaka Fayissa, 2023. "Tourism specialization, growth stage, and economic growth," Tourism Economics, , vol. 29(6), pages 1533-1550, September.
  68. Juan Gabriel Brida & Martín Olivera & Manuela Pulina, 2026. "Determinants of visitors’ flow in Uruguay: A SARIMAX approach," Tourism Economics, , vol. 32(1), pages 105-128, February.
  69. Portella-Carbó, Ferran & Pérez-Montiel, Jose & Ozcelebi, Oguzhan, 2023. "Tourism-led economic growth across the business cycle: Evidence from Europe (1995–2021)," Economic Analysis and Policy, Elsevier, vol. 78(C), pages 1241-1253.
  70. Francis Baidoo & Lei Pan & Vera Ogeh Lassey Fiador & Elikplimi Komla Agbloyor, 2024. "Importing to feed international tourists: Growth implications for islands across the globe," Tourism Economics, , vol. 30(7), pages 1651-1679, November.
  71. Al-Nassar, Nassar S. & Yousaf, Imran & Makram, Beljid, 2023. "Spillovers between positively and negatively affected service sectors from the COVID-19 health crisis: Implications for portfolio management," Pacific-Basin Finance Journal, Elsevier, vol. 79(C).
  72. Marcos à lvarez-Díaz & José María Chamorro-Rivas & Manuel González-Gómez & María Soledad Otero-Giráldez, 2024. "The impact of the COVID-19 outbreak on intra- and inter-regional domestic travel: Evidence from Spain," Tourism Economics, , vol. 30(4), pages 1039-1061, June.
  73. George Soklis & George Petrakos & Sophia Panousi, 2025. "The Contribution of the Hotel Industry to the Greek Economy," Tourism and Hospitality, MDPI, vol. 6(1), pages 1-21, January.
  74. José Luis Durán-Román & Julio Vena-Oya & Julia Margarita Núñez-Tabales & Francisco José Rey-Carmona, 2025. "How to achieve economic development through tourism? Different ways for different economies: A new approach through fuzzy set qualitative comparative analysis," Tourism Economics, , vol. 31(1), pages 104-123, February.
  75. Maximo Camacho & Andres Romeu, 2023. "Tourism and Gross Domestic Product short-run causality revisited: A symbolic transfer entropy approach," Tourism Economics, , vol. 29(1), pages 235-247, February.
  76. Mehdi, Hasan & Ali, Amjad & Audi, Marc, 2025. "Tourism, Sustainability, and Growth: An Empirical Investigation of Long-Run Economic Impacts in Pakistan," MPRA Paper 127310, University Library of Munich, Germany.
  77. Sook Rei Tan & Jacob Wood & Haejin Jang & Caroline Wong & Changtai Li, 2024. "Tourism‐induced growth and quality of life: the Singapore story," Asian-Pacific Economic Literature, The Crawford School, The Australian National University, vol. 38(1), pages 204-224, May.
  78. Isiaka Akande Raifu & Joshua Adeyemi Afolabi, 2024. "Revisiting the Tourism-Led-Growth Hypothesis - Fresh Evidence From the World’s Top Ten Tourist Destinations," Asian Economics Letters, Asia-Pacific Applied Economics Association, vol. 5(1), pages 1-5.
  79. Nikeel Nishkar Kumar, 2023. "Modelling the asymmetric productivity effects of tourism demand," Tourism Economics, , vol. 29(7), pages 1764-1789, November.
  80. 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).
  81. Lamia Jamel, 2020. "The Relation between Tourism and Economic Growth: A Case of Saudi Arabia as an Emerging Tourism Destination," Virtual Economics, The London Academy of Science and Business, vol. 3(4), pages 29-47, October.
  82. Honghong Liu & Ye Xiao & Bin Wang & Dianting Wu, 2022. "Effects of tourism development on economic growth: An empirical study of China based on both static and dynamic spatial Durbin models," Tourism Economics, , vol. 28(7), pages 1888-1913, November.
  83. Anda Nugroho & George Verikios & Tien Pham & Jen-Je Su, 2025. "The distributional and spillover impacts of tourism across regions: The case of Indonesia," Tourism Economics, , vol. 31(4), pages 611-630, June.
  84. Nugroho, Anda & Verikios, George, 2025. "Tourism- versus non-tourism-led growth: Which is superior?," Annals of Tourism Research, Elsevier, vol. 114(C).
  85. Dinesh Jaisinghani & Muskan Kaur & Mahesh Joshi & Sharad Sharma & Abdullahi D Ahmed, 2024. "Impact of political risk and economic growth on the tourism industry: Evidence from a dynamic threshold panel model," Tourism Economics, , vol. 30(6), pages 1448-1464, September.
  86. repec:rim:rimwps:23-13 is not listed on IDEAS
  87. Tomáš Krajňák, 2021. "The effects of terrorism on tourism demand: A systematic review," Tourism Economics, , vol. 27(8), pages 1736-1758, December.
  88. L. Vargiu & B. Biagi & M. Brandano & P. Postiglione, 2023. "Research Infrastructures and Regional Growth: the case of Europe," Working Paper CRENoS 202314, Centre for North South Economic Research, University of Cagliari and Sassari, Sardinia.
  89. Juan Gabriel Brida & Martín Olivera & Verónica Segarra, 2024. "On the dynamics of economic growth, tourism development and environmental sustainability," Natural Resources Forum, Blackwell Publishing, vol. 48(3), pages 698-714, August.
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