Economic Growth and Tourism in Barbados: A Test of the Supply-side Hypothesis
Mahalia Jackman and
Troy Lorde ()
MPRA Paper from University Library of Munich, Germany
The goal of this study is to examine the supply side hypothesis of tourism demand, that is, to answer the question: Does economic growth in Barbados spur tourism growth. Results suggest that there is a long-run relationship between real GDP in Barbados and tourist arrivals. Specifically, we find that a 1% expansion in real GDP is associated with a 1.2% increase in tourist arrivals. Further, our Granger causality test suggests that the supply-side hypothesis is valid for Barbados.
Keywords: tourism; economic growth; Barbados (search for similar items in EconPapers)
JEL-codes: C22 L83 O47 O54 (search for similar items in EconPapers)
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Published in Tourismos 2.7(2012): pp. 203-215
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:95548
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