Pigliaru, Francesco; Brau, Rinaldo; Liberto, Adriana Di - Fondazione ENI Enrico Mattei (FEEM) - 2010
institutions is important for growth. Yet our results strongly suggest that the weight of tourism in an economy is an independent …Is tourism an opportunity for lagging countries in the elusive quest for growth (Easterly, 2002)? Recent empirical … evidence suggests that the answer is a cautious yes. Aggregate cross-country data show that tourism specialization is likely to …