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 …

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 …

This paper examines the effects of tourism in a dynamic model of trade on unemployment, capital accumulation and … resident welfare. A tourism boom improves the terms of trade, increases labor employment, but lowers capital accumulation. The …, the expansion of tourism improves welfare. However, when the traded sector is strongly capital intensive, the fall in …

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 …

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 …

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 …

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 … fundamental determinants of economic growth (Acemoglu et al., 2001) and ask whether previous positive results of tourism on growth …

We analyze the empirical relationship between growth, country size and tourism specialization by using a dataset … covering the period 1980-2003. We find that small tourism countries grow significantly faster than all the other sub … open to trade. In other words, Tourism appears to be an independent determining factor for growth. Another finding of our …

dynamics of growth rates and terms of trade when the industry-based economy is the innovation leader, while the tourism …, whereas terms-of-trade effects guarantee positive growth differentials for the tourism-based economy when the technological … economic performance observed in tourism-dependent economies …