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Tourism and economic growth: an application to coastal regions in the Mediterranean area

Nicola Camatti (), Luca Salmasi () and Jan van der Borg ()
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Nicola Camatti: Department of Economics, University Of Venice CÃ Foscari
Luca Salmasi: Catholic University, Department of Economics and Finance, Roma, Italy
Jan van der Borg: Department of Economics, University Of Venice CÃ Foscari

No 2021:16, Working Papers from Department of Economics, University of Venice "Ca' Foscari"

Abstract: This paper describes regional touristic supply under the framework of territorial capital to understand which territorial assets are the most important for stimulating economic growth. We used spatial regression models to consider spatial dependencies among regions, and Bayesian Model Averaging to specify our models using only the most relevant territorial assets. We have focused on the Mediterranean coast. The results show that many of the variables considered in our models play an important role in predicting GDP, recognizing them as strategic in economic growth, as well as a variety of strictly tourist assets, such as cultural heritage and landscape.

Keywords: tourism growth; territorial capital; tourism competitiveness; spillover effects; spatial regression models; Mediterranean area (search for similar items in EconPapers)
JEL-codes: C11 L83 R11 R58 Z32 (search for similar items in EconPapers)
Pages: 28 pages
New Economics Papers: this item is included in nep-cwa, nep-geo, nep-tur and nep-ure
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