How Fast are Small Tourism Countries Growing? Evidence from the Data for 1980–2003

Rinaldo Brau (), Alessandro Lanza and Francesco Pigliaru

MPRA Paper from University Library of Munich, Germany

Abstract: We analyze the empirical relationship between growth, country size and tourism specialization by using a dataset covering the period 1980-2003. We find that tourism countries are small and grow significantly faster than all the other sub-groups considered in our analysis. Tourism appears to be an independent determining factor for growth: controlling for initial per-capita income and for trade openness does not weaken the positive correlation between tourism specialization and growth. Another finding of our paper is that small states are fast growing only when are highly specialized in tourism. In contrast with some previous conclusions in the literature, smallness per se is not good for growth.

Keywords: Small states; growth; tourism; cross country comparisons (search for similar items in EconPapers)
JEL-codes: F43 O57 (search for similar items in EconPapers)
Date: 2007
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Citations: View citations in EconPapers (74)

Published in Tourism Economics 4.13(2007): pp. 600-613

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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:82776

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