In this paper we study the dynamics of economic growth for 140 countries during the period 1951-2003. The variables representing economic performance are levels and growth rates of per capita GDP. Using the concept of economic regime, we introduce a notion of distance between the dynamical paths...

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)....