Empirical assessment of the tourism-led growth hypothesis: the case of the “Tirol-Südtirol-Trentino†Europaregion

Juan Brida and Diego Giuliani

No 2012/02, DISA Working Papers from Department of Computer and Management Sciences, University of Trento, Italy

Abstract: The use of cointegration tests has become very popular in the empirical analysis of the tourism-led growth hypothesis (TLGH). It was first introduced in the tourism economics literature by Balaguer and Cantavella-Jordà (2002) and then popularized by many researches which tried to assess the causal long-run relationship between international tourism and economic growth. The vast majority of these studies analyzed countries where tourism is one of the most important sector of the national economy and, in most cases, the TLGH has been validated. With respect to previous contributions to the literature, this paper investigates the TLGH for subnational transfrontier economies, namely the three administrative areas forming the “Tirol-Südtirol-Trentino†Europaregion. The direct comparison amongst the results for across-the-border regions which have a similar international tourism market provides new insights in the understanding of tourism-led growth hypothesis. Length: 25 pages

Keywords: economic growth; tourism development; Johansen cointegration test; Granger causality (search for similar items in EconPapers)
Date: 2012-03, Revised 2012-03
New Economics Papers: this item is included in nep-tur
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Citations: View citations in EconPapers (1)

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