Are good institutions required to import economic growth? The case of tourism

Antoine Belgodere, Sauveur Giannoni and Sandrine Noblet ()
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Sauveur Giannoni: LISA - Laboratoire « Lieux, Identités, eSpaces, Activités » (UMR CNRS 6240 LISA) - CNRS - Centre National de la Recherche Scientifique - Università di Corsica Pasquale Paoli [Université de Corse Pascal Paoli]
Sandrine Noblet: LISA - Laboratoire « Lieux, Identités, eSpaces, Activités » (UMR CNRS 6240 LISA) - CNRS - Centre National de la Recherche Scientifique - Università di Corsica Pasquale Paoli [Université de Corse Pascal Paoli]

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Abstract: Does a country need good institutions to use tourism as an economic development activator? From a sample of non-organisation for economic co-operation and development countries, this article aims to assess the feasibility of tourism-led growth in different institutional settings. The results not only suggest that a tourism shock is good for gross domestic product growth but that inclusive institutions enhance the ability of a country to convert tourism into growth. It also emphasises that beyond tourism that remains a major transmission channel for growth, inclusive countries largely benefit from growth in their neighbouring countries. They are more able to import economic growth from abroad.

Date: 2022-11
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Published in Tourism Economics, 2022, 28 (7), pp.1943-1955. ⟨10.1177/13548166211024806⟩

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Journal Article: Are good institutions required to import economic growth? The case of tourism (2022)
Working Paper: Are good institutions required to import economic growth? The case of tourism (2021)
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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-04150246

DOI: 10.1177/13548166211024806

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