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Time-Varying Interdependencies of Tourism and Economic Growth: Evidence from European Countries
Antonakakis, Nikolaos; Dragouni, Mina; Filis, George - Volkswirtschaftliche Fakultät, … - 2013
In this study, we employ the novel measure of a VAR-based spillover index, developed by Diebold and Yilmaz (2012) to investigate the time-varying relationship between tourism and economic growth in selected European countries. Overall, the findings suggest that (i) the tourism-economy...
Persistent link: https://www.econbiz.de/10011110124
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How strong is the linkage between tourism and economic growth in Europe?
Antonakakis, Nikolaos; Dragouni, Mina; Filis, George - In: Economic Modelling 44 (2015) C, pp. 142-155
In this study, we examine the dynamic relationship between tourism growth and economic growth, using a newly introduced spillover index approach. Based on monthly data for 10 European countries over the period 1995–2012, our analysis reveals the following empirical regularities. First, the...
Persistent link: https://www.econbiz.de/10011116972
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PATHS OF INCOME CONVERGENCE BETWEEN COUNTRY PAIRS WITHIN EUROPE
Gligoric, Mirjana - In: Economic Annals 59 (2014) 201, pp. 123-156
This paper explores income convergence in European countries. Unlike previous research, the analysis is based on the pair-wise approach (Pesaran, 2007), identifying four cases: long-run convergence, catching-up, lagging-behind, and divergence. The results suggest that catching-up prevails, while...
Persistent link: https://www.econbiz.de/10010938603
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Output Volatility, Economic Growth, and Cross-Country Spillovers: New Evidence for the G7 Countries
Antonakakis, Nikolaos; Badinger, Harald - Vienna University of Economics and Business, Department … - 2012
period 1958M2-2011M7, thereby paying particular attention to spillovers within and between countries. Using the VAR … volatility are highly intertwined, with spillovers taking place into all four directions; ii) the importance of spillovers has … point to moderate growth-growth spillovers and sizable volatility-volatility spillovers across countries, suggesting that …
Persistent link: https://www.econbiz.de/10010549042
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Output Volatility, Economic Growth, and Cross-Country Spillovers: New Evidence for the G7 Countries
Antonakakis, Nikolaos; Badinger, Harald - FIW - 2012
period 1958M2-2011M7, thereby paying particular attention to spillovers within and between countries. Using the VAR … volatility are highly intertwined, with spillovers taking place into all four directions; ii) the importance of spillovers has … point to moderate growth-growth spillovers and sizable volatility-volatility spillovers across countries, suggesting that …
Persistent link: https://www.econbiz.de/10010553045
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The relationship between international tourism and economic growth: the case of Morocco and Tunisia
Bouzahzah, Mohamed; El Menyari, Younesse - Volkswirtschaftliche Fakultät, … - 2013
This study proposes to examine the impact of tourism activity on the economic growth of Morocco and Tunisia. We contribute here to the empirical literature on the tourism-led growth (TLG) hypothesis, by adopting the error correction model framework, the cointegration and Granger Causality tests...
Persistent link: https://www.econbiz.de/10011108862
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Effects of US Policy Uncertainty on Swedish GDP Growth
Stockhammar, Pär; Österholm, Pär - Konjunkturinstitutet, Government of Sweden - 2014
. (2013) – on Swedish GDP growth. Another source of spillovers of shocks to small open economies is thereby examined. We apply …
Persistent link: https://www.econbiz.de/10010945102
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Managing Economic Shocks and Macroeconomic Coordination in an Integrated Region: ASEAN Beyond 2015
MAJUCA, Ruperto - Economic Research Institute for ASEAN and East Asia (ERIA) - 2013
We examine the transmission of economic shocks both from the rest of the world into the ASEAN region, as well as the transmission of such shocks from the rest of the row and ASEAN into a typical AMS. The approach we take is three-pronged. First, we will look into the trade and financial linkages...
Persistent link: https://www.econbiz.de/10010699929
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Financial Intermediation and Economic Growth: Evidence from the Baltic countries
Soultanaeva, Albina - Institutionen för Nationalekonomi, Umeå Universitet - 2010
The hypothesis that financial development promotes economic growth is largely supported by empirical studies. This hypothesis is tested for the three Baltic countries using a time series approach that allows for interactions between the three countries. We find that economic growth is a positive...
Persistent link: https://www.econbiz.de/10008765716
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International Business Cycle Spillovers
Yilmaz, Kamil - C.E.P.R. Discussion Papers - 2010
://data.economicresearchforum.org/erf/bcspill.aspx?lang=en for updates of the spillover plot). I also derive measures of directional spillovers and show that the U.S. (1980s and …
Persistent link: https://www.econbiz.de/10011083760