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A literature review on the tourism-led-growth hypothesis

Juan Brida () and M. Pulina ()

Working Paper CRENoS from Centre for North South Economic Research, University of Cagliari and Sassari, Sardinia

Abstract: The aim of this paper is to provide a comprehensive literature review on the temporal relationship between tourism and economic growth. Specifically, the role of a such economic activity, as a promoter of short and long run economic growth, is investigated by assessing the so-called Tourism Led Growth Hypothesis (TLGH). To this aim, various methodological approaches have been used, such as VAR, VECM, ARDL, ARCH, GARCH, cross section and panel data. The cointegrating relationship of the economic variables allows one to test the short and long run Granger no-causality. Overall, the empirical findings, emerging from the existing literature, provide evidence that indeed tourism activity drives economic development in all the countries analysed. This outcome further supports the well-established contribution that international tourism has to the economic development.

Keywords: tourism; economic growth; granger causality; comprehensive review (search for similar items in EconPapers)
JEL-codes: E43 D30 L83 (search for similar items in EconPapers)
Date: 2010
New Economics Papers: this item is included in nep-fdg and nep-tur
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (29) Track citations by RSS feed

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https://crenos.unica.it/crenos/node/2925
https://crenos.unica.it/crenos/sites/default/files/WP10-17.pdf (application/pdf)

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Persistent link: https://EconPapers.repec.org/RePEc:cns:cnscwp:201017

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