Does tourism cause growth asymmetrically in a panel of G-7 countries? A short note

Abdulnasser Hatemi-J, Rangan Gupta, Axel Kasongo, Thabo Mboweni and Ndivhuho Netshitenzhe
Additional contact information
Axel Kasongo: University of Pretoria
Thabo Mboweni: University of Pretoria
Ndivhuho Netshitenzhe: University of Pretoria

Empirica, 2018, vol. 45, issue 1, No 4, 49-57

Abstract: Abstract We analyse whether tourism (measured by real tourism receipts) causes growth in an asymmetric fashion in a panel of G-7 countries over the period of 1995–2014. Our results reveal that the tourism-led growth hypothesis holds for France, Germany, and the US, with negative tourism shocks being more important for Germany, Italy, Japan, while positive shocks are more important in UK and the US. Our results imply that, policy makers in Germany, Italy and Japan should be more concerned when tourism receipts decline.

Keywords: Economic growth; Tourism receipts; Asymmetric panel causality test (search for similar items in EconPapers)
JEL-codes: C32 E43 L83 (search for similar items in EconPapers)
Date: 2018
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (7)

Downloads: (external link)
http://link.springer.com/10.1007/s10663-016-9345-3 Abstract (text/html)
Access to the full text of the articles in this series is restricted.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:kap:empiri:v:45:y:2018:i:1:d:10.1007_s10663-016-9345-3

Ordering information: This journal article can be ordered from
http://www.springer. ... ration/journal/10663

DOI: 10.1007/s10663-016-9345-3

Access Statistics for this article

Empirica is currently edited by Fritz Breuss and Fritz Breuss

More articles in Empirica from Springer, Austrian Institute for Economic Research, Austrian Economic Association Contact information at EDIRC.
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().