How Fast are Small Tourist Countries Growing? The 1980-2003 Evidence

Francesco Pigliaru (), Rinaldo Brau () and Alessandro Lanza
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Alessandro Lanza: Fondazione Eni Enrico Mattei and CRENoS

No 2007.1, Working Papers from Fondazione Eni Enrico Mattei

Abstract: We analyze the empirical relationship between growth, country size and tourism specialization by using a dataset covering the period 1980-2003. We find that tourism countries grow significantly faster than all the other sub-groups considered in our analysis. Tourism appears to be an independent determining factor for growth, and the reason for that is neither because they are poorer than the average, nor because they are very open to trade. Another finding of our paper is that small states are fast-growing only when they are highly specialized in tourism. In contrast with some previous conclusions in the literature, smallness per se is not good for growth.

Keywords: Small States; Growth; Tourism; Cross Country Comparisons (search for similar items in EconPapers)
JEL-codes: F43 O57 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-tur
Date: Written
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Related works:
Working Paper: How fast are small tourist countries growing? The 1980-2003 evidence (2006)
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Persistent link: http://EconPapers.repec.org/RePEc:fem:femwpa:2007.1

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