The Impact of Growth in the Tourism Sector on Economic Development: The Experience of Selected Caribbean Countries

Nelson C. Modeste
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Nelson C. Modeste: South Carolina State University, Postal: 300 College Street NE, Orangeburg SC 29117, USA, http://www.scsu.edu/

Economia Internazionale / International Economics, 1995, vol. 48, issue 3, 375-385

Abstract: This paper empirically examines the impact of tourism expansion on the economic development of selected Caribbean countries. Through the use of pooled data, the paper finds that tourism expansion has exerted a positive impact on the economic development of Barbados, Antigua and Barbuda, and Anguilla. The application of the error-correction methodology, however, produced results which suggested that the agricultural sector has contracted as the tourism sector expanded.

Date: 1995
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