Showing 1 - 10 of 2,593
In this study, we employ the novel measure of a VAR-based spillover index, developed by Diebold and Yilmaz (2012) to investigate the time-varying relationship between tourism and economic growth in selected European countries. Overall, the findings suggest that (i) the tourism-economy...
Persistent link: https://www.econbiz.de/10011374294
Persistent link: https://www.econbiz.de/10011326267
Persistent link: https://www.econbiz.de/10009785490
period 1958M2-2011M7, thereby paying particular attention to spillovers within and between countries. Using the VAR … volatility are highly intertwined, with spillovers taking place into all four directions; ii) the importance of spillovers has … point to moderate growth-growth spillovers and sizable volatility-volatility spillovers across countries, suggesting that …
Persistent link: https://www.econbiz.de/10011374341
Persistent link: https://www.econbiz.de/10009622257
Tourism is widely considered as driver for economic growth, and the "tourism-led-growth hypothesis" is often investigated in the literature. However, there is very limited literature examining how economic growth impacts tourism, an impact which is usually tacitly accepted, without being...
Persistent link: https://www.econbiz.de/10014474884
empirical study is for six countries in Latin America. The findings suggest that intra-country spillovers configure an important … factor for explaining growth, while the importance of domestic spillovers is limited. The growth volatility is substantively …
Persistent link: https://www.econbiz.de/10014233425
Persistent link: https://www.econbiz.de/10009711373
Objective: The goal of this article is to analyse the impact of different measures of entrepreneurial activity, namely through attitudes and behaviour, on the economic growth of 21 European countries. The goal is to assess the impact of entrepreneurial activity, measured by perceived...
Persistent link: https://www.econbiz.de/10013336383
In the growth literature, there is a nonlinear relationship between economic growth and government size, which is similar to an inverted U-shaped curve. This curve can be used to determine the optimum share of government expenditures. This paper, using threshold panel approach, attempts to...
Persistent link: https://www.econbiz.de/10011109576