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Tourism and Exports as a means of Growth

Author

Listed:
  • Isabel Cortés-Jiménez

    (Christel DeHaan Tourism and Travel Research Institute, Nottingham University Business School)

  • Manuela Pulina

    (CRENoS Research Centre and D.E.I.R., Università di Sassari)

  • Carme Riera i Prunera

    (Faculty of Economics, University of Barcelona)

  • Manuel Artís

    (Faculty of Economics, University of Barcelona)

Abstract

This study expands existing research by considering both exports and tourism as potential influencing factors for economic growth. While trade of goods has been proven as a means of growth for countries, inbound tourism as non-traditional exports, has been scarcely examined in the literature. Using data for Italy and Spain over the period 1954-2000 and 1964-2000 respectively, both exports of goods and tourism exports are included in the same model. Standard cointegration and Granger causality techniques are applied. The main results reveal the significance of both exports and tourism towards long-term growth with some peculiarities for each country.

Suggested Citation

  • Isabel Cortés-Jiménez & Manuela Pulina & Carme Riera i Prunera & Manuel Artís, 2009. "Tourism and Exports as a means of Growth," IREA Working Papers 200910, University of Barcelona, Research Institute of Applied Economics, revised May 2009.
    • Handle: RePEc:ira:wpaper:200910
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    File URL: http://www.ub.edu/irea/working_papers/2009/200910.pdf
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    Keywords

    Tourism; ELG Hypothesis; TLG Hypothesis; Trade; Growth;
    All these keywords.

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