expansion of tourism. Cointegration techniques and the multivariate Granger causality test are applied. Results reveal that …Nowadays many developing countries focus on economic policies for promoting international tourism and exports expansion … and economic growth is still ongoing. When treating the relationship between tourism and economic growth, considering …

pay for outbound tourism goes hand in hand with an increasing per capita income in the world. …In this paper we discuss the determinants which contribute to outbound tourism expenditures. The aim is to show whether … capita income and the openness to trade on the tourism expenditures per capita as well as on the tourism expenditure per GDP …

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 …

Using a panel vector autoregressive model this paper investigates the dynamic and endogeneous contribution of tourism … to output based on a sample of 40 African countries for the period 1990 - 2006. Results from the study confirm tourism to … main drivers. Further analysis reveals the existence of a reverse causation from national income to tourism development …

We analyze the empirical relationship between growth, country size and tourism specialization by using a dataset … covering the period 1980-2003. We find that tourism countries grow significantly faster than all the other sub …-groups considered in our analysis. Tourism appears to be an independent determining factor for growth, and the reason for that is …

Specializing in tourism is an option available to a number of less developed countries and regions. But is it a good … option? To answer this question, we have compared the relative growth performance of 14 "tourism countries" within a sample … documented that the tourism countries grow significantly faster than all the other sub-groups considered in our analysis (OECD …

variables. Furthermore, we test for cointegration between our regression variables. For the EU, results of an error correction …