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Tourism and Growth in European Countries: An Application of Likelihood-Based Panel Cointegration

Felipa De Mello-Sampayo and Sofia de Sousa-Vale
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Sofia de Sousa-Vale: ISCTE-IUL - Department of Economics and UNIDE-ERC

No ercwp0510, Working Papers Series 1 from ISCTE-IUL, Business Research Unit (BRU-IUL)

Abstract: The tourism and economic growth relationship is investigated for a panel of European countries over the period 1988–2010. The results reveal that the variables contain a panel unit root and they cointegrate in a panel perspective. The findings show that tourism enhance economic growth for some countries in the sample.

Keywords: Tourism; Economic growth; Rank tests; Panel unit root tests; Panel cointegration (search for similar items in EconPapers)
JEL-codes: C33 F43 L83 (search for similar items in EconPapers)
Pages: 21 pages
Date: 2010-05-15
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (8)

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http://bru-unide.iscte.pt/RePEc/pdfs/ERCwp0510.pdf First version, 2010 (application/pdf)
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Working Paper: Tourism and Growth in European Countries: An Application of Likelihood-Based Panel Cointegration (2012) Downloads
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