The present paper investigates whether tourism specialization is a viable strategy for development. We estimate … standard growth equations augmented with a variable measuring tourism specialization using instrumental variables techniques … for a large cross-section of countries for the period 1980-2002. We introduce an instrument for tourism based on the …

The present paper investigates whether tourism specialization is a viable strategy for development. We estimate … standard growth equations augmented with a variable measuring tourism specialization using instrumental variables techniques … for a large cross-section of countries for the period 1980-2002. We introduce an instrument for tourism based on the …

The present paper investigates whether tourism specialization is a viable strategy for development. We estimate … standard growth equations augmented with a variable measuring tourism specialization using instrumental variables techniques … for a large cross-section of countries for the period 1980-2002. We introduce an instrument for tourism based on the …

This paper studies the impacts on economic growth of a small tourism driven economy caused by an increase in the growth … rate of international tourism demand. We present a formal model and empirical evidence.The ingredients of the dynamic model … are a large population of intertemporally optimizing agents and an AK technology representing tourism production. The …

International tourism is an important foreign exchange earner and an export for many low income countries as well as … tourism as a potential strategic factor to development and economic growth. The tourism-led economic growth hypothesis (TLGH …) postulates that tourism expansion leads to economic growth. It derives directly from the export-led growth hypothesis (ELGH …

International tourism, on which we focus in this paper, is recognized to contribute to long-run growth through a whole … list of diverse channels. This belief that tourism can promote, if not, plainly, cause long-run growth is known in the … literature as the Tourism-Led Growth Hypothesis (TLGH). Our case study of Brazil can also be taken as a particular test for such …