International Tourism and Economic Growth: a Panel Data Approach

Tiago Sequeira and Carla Campos
Additional contact information
Carla Campos: Universidade da Beira Interior

No 2005.141, Working Papers from Fondazione Eni Enrico Mattei

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: Tourism; Economic growth; Panel data (search for similar items in EconPapers)
JEL-codes: L83 O40 O50 (search for similar items in EconPapers)
Date: 2005-11
New Economics Papers: this item is included in nep-dev and nep-tur
References: View complete reference list from CitEc
Citations: View citations in EconPapers (27)

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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:fem:femwpa:2005.141

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