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 …

The main objective of this paper is to analyze the contribution of tourism to economic growth in Central American and … capita as a measure of economic growth. This will then be disaggregated into a growth component attributable to tourism and a … generating a performance measure of tourism’s past contribution to economic growth, will be applied to the period 1990-2007. We …

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 …