Tourism development and growth
Glauco De Vita and
Khine S. Kyaw
Annals of Tourism Research, 2016, vol. 60, issue C, 23-26
•Role of the level of economic development on the tourism-growth relationship.•We use SYS-GMM estimation on a panel of 129 countries over 1995–2011.•Our specification includes the level of financial development.•Positive effect of tourism is only significant for middle and high-income countries.•At low levels of economic development, tourism does not contribute to GDP growth.
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Persistent link: https://EconPapers.repec.org/RePEc:eee:anture:v:60:y:2016:i:c:p:23-26
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