In this study, the linkage between tourism activity and economic development in 21 European countries is analyzed. The … if there is a long-run connection between tourism activity and the development of the economy by applying a multivariate … model. For this purpose, generalized method of moments (GMM) and Granger causality tests are applied within a panel data …

. EU integration process has had a positive bearing on tourism movements in the surveyed countries. The panel regression …Tourism is a socio-economic phenomenon exerting considerable economic, social and political impact, thus securing … was the year when one of the surveyed countries initiated EU accession negotiations, and tourism sector contribution to …