We consider the relationship between tourism and economic growth for Latin American countries since 1985 until 1998 …. The analysis proposed is based on a panel data approach and the Arellano-Bond estimator for dynamic panels. We obtain … variables. We show that the tourism sector is adequate for the economic growth of medium or low-income countries, though not …

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 …

degrees, the dependence that might prevail across the different units in the panel. In the analysis of cointegration the …

In this paper the seasonal unit root test of Hylleberg et al. (1990) is generalized to cover a heterogenous panel. The … industrialized countries. In some cases seasonal unit roots are detected. However, the null hypotheses of panel seasonal unit roots …

degrees, the dependence that might prevail across the different units in the panel. In the analysis of cointegration the …

This paper extends the cross sectionally augmented panel unit root test proposed by Pesaran (2007) to the case of a … the maximum number of factors, in contrast to other panel unit root tests based on principal components that require in …

This paper extends the cross sectionally augmented panel unit root test proposed by Pesaran (2007) to the case of a … the maximum number of factors, in contrast to other panel unit root tests based on principal components that require in …

In this paper we present a unit root test against a nonlinear dynamic heterogenous panel with each cross section …

In a two sectors dynamic model we analyze the process of tourism development based on the accumulation of capital … (building of tourism facilities) and the reallocation of land from traditional activities to the tourism sector. The model … incorporates the conflict between occupation of the territory by the tourism facilities, other productive activities and …

We present a theoretical model in tourism economics, assuming that the market for tourism is an oligopoly with … capacity that can be interpreted as the stock of physical, natural or cultural resources. Tourism flows yield current revenues … questions, like the choice between mass- vs. elite-tourism development strategies; the effect of the number of competing …