International Tourism and Economic Growth: A Panel Data Approach

Tiago Sequeira and Carla Campos

No 12145, Natural Resources Management Working Papers from Fondazione Eni Enrico Mattei (FEEM)

Abstract: On average, tourism-specialized countries grow more than others. This fact is inconsistent with economic theory as, in particular, endogenous growth theory suggests that economic growth is linked with: (1) sectors with high intensity in R&D and thus high productivity; (2) large scale. In this paper, we use panel data methods to go further in treating the endogeneity problem. In general and contrary to previous works, we conclude that tourism, on its own, cannot explain the higher growth rates of these countries.

Keywords: Resource/Energy; Economics; and; Policy (search for similar items in EconPapers)
Pages: 25
Date: 2005
References: View complete reference list from CitEc
Citations: View citations in EconPapers (29)

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https://ageconsearch.umn.edu/record/12145/files/wp050141.pdf (application/pdf)

Related works:
Chapter: International Tourism and Economic Growth: A Panel Data Approach (2007)
Working Paper: International Tourism and Economic Growth: a Panel Data Approach (2005)
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Persistent link: https://EconPapers.repec.org/RePEc:ags:feemnr:12145

DOI: 10.22004/ag.econ.12145

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