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We consider the relationship between tourism and economic growth for Latin American countries since 1985 until 1998 … variables. We show that the tourism sector is adequate for the economic growth of medium or low-income countries, though not … growth, we try to explain tourism arrivals conditional on GDP and other covariates such as safety, prices and education level …
Persistent link: https://www.econbiz.de/10011324906
Tourism plays a major part in the development strategies of both developing and developed countries because of the … tourism sector in a hope of reaping more economic benefits. However, it is still debatable whether tourism is beneficial for … al., 1998; Blake, 2000; Blake et. al., 2003; Dwyer et al., 2003), argue that tourism expansion is beneficial to the …
Persistent link: https://www.econbiz.de/10010312443
In this paper we try to build a bridge between the traditional analysis of the evolution of tourism destinations and … economic growth theory. With such an aim we develop an environmental growth model for an economy specialized in tourism and we … derive the pattern of tourism development with numerical calculations. The results of our simulations do not contradict the …
Persistent link: https://www.econbiz.de/10010312512
On average, tourism-specialized countries grow more than others. This fact is inconsistent with economic theory as, in … problem. In general and contrary to previous works, we conclude that tourism, on its own, cannot explain the higher growth …
Persistent link: https://www.econbiz.de/10010312575
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