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Tourism development and growth

Glauco De Vita and Khine S. Kyaw

Annals of Tourism Research, 2016, vol. 60, issue C, 23-26

Abstract: •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.

Date: 2016
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