Sequeira, Tiago Neves; Campos, Carla - Fondazione ENI Enrico Mattei (FEEM) - 2005
On average, tourism-specialized countries grow more than others. This fact is inconsistent with economic theory as, in particular, endogenous growth theory suggests that economic growth is linked with: (1) sectors with high intensity in R&D and thus high productivity; (2) large scale. In this...