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: 27009Université de Corse Pascal Paoli, France
Sandrine Noblet: 27009Université de Corse Pascal Paoli, France

Tourism Economics, 2022, vol. 28, issue 7, 1943-1955

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.

Keywords: economic growth; institutions; tourism (search for similar items in EconPapers)
Date: 2022
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Working Paper: 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:sae:toueco:v:28:y:2022:i:7:p:1943-1955

DOI: 10.1177/13548166211024806

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