Tourism and regional growth in Europe

Emanuela Marrocu and Raffaele Paci

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

Abstract: The paper analyzes the impact of domestic and international tourism on the economic growth process for 179 European regions. The econometric analysis is based on a spatial growth regression framework where the rate of GDP per capita growth at the regional level for the period 1999-2009 is influenced by tourism flows, in addition to the traditional growth variables. Besides controlling for initial conditions, we also include a wide set of covariates to account for the endowment of human and technological capital and for the geographical, social and institutional features of the regions. The results, confirmed by several robustness checks, demonstrate that regional growth is positively affected by domestic and international tourism.

Keywords: europe; spatial dependence; tourism flows; regional economic growth (search for similar items in EconPapers)
JEL-codes: C31 L83 R11 (search for similar items in EconPapers)
Date: 2012
New Economics Papers: this item is included in nep-eur, nep-geo, nep-tur and nep-ure
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https://crenos.unica.it/crenos/node/3881
https://crenos.unica.it/crenos/sites/default/files/WP12-35_0.pdf (application/pdf)

Related works:
Journal Article: Tourism and regional growth in Europe (2014)
Working Paper: Tourism and regional growth in Europe (2013)
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Persistent link: https://EconPapers.repec.org/RePEc:cns:cnscwp:201235

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