We analyze the empirical relationship between growth, country size and tourism specialization by using a dataset …-groups considered in our analysis. Tourism appears to be an independent determining factor for growth, and the reason for that is … conclusions in the literature, smallness per se is not good for growth. …

as a potential source of economic growth of the country. However, the understanding of the relationship between exports … expansion of tourism. Cointegration techniques and the multivariate Granger causality test are applied. Results reveal that … exports cause economic growth in the long-term for both countries, whilst only for Spain tourism appears as a factor which …

determinants of the labor productivity growth for the manufacturing sector of some developed economies (Western European Countries … returns to scale. Capital growth and labor cost growth do not appear important in explaining productivity growth. The …

option? To answer this question, we have compared the relative growth performance of 14 “tourism countries” within a sample … of 143 countries, observed during the period 1980-95. Using standard OLS cross-country growth regressions, we have … other words, the positive performance of the tourism countries is not significantly accounted for by the traditional growth …