Is tourism an opportunity for lagging countries in the elusive quest for growth (Easterly, 2002)? Recent empirical … evidence suggests that the answer is a cautious yes. Aggregate cross-country data show that tourism specialization is likely to … fundamental determinants of economic growth (Acemoglu et al., 2001) and ask whether previous positive results of tourism on growth …

investigate the time-varying relationship between tourism and economic growth in selected European countries. Overall, the … findings suggest that (i) the tourism-economy relationship is not stable over time in terms of both its magnitude and direction … between the tourism sector and the economy is more apparent to Cyprus, Greece, Portugal and Spain, which are the European …

This paper examines the relationship between tourism and economic growth, analyzing key factors affecting tourism … we show that international tourism has made an important contribution to Andalucía's economic growth. Some of the factors …

In this study, causal relationship between tourism revenues and economic growth in Turkey There were analyzed using VAR …–2013 periods, there is unidirectional causality running from economic growth to tourism revenues. This finding indicates that to … increase the revenue obtained from tourism Turkey should ensure sustainable growth …

Institutions, which directly or indirectly determine the "rules of behavior" in the tourism sector, represent the … Institutional bases for tourism development in Montenegro. They are tourism policy-makers including other institutions which … presided for optimization of institutional norms in the domain of macro decisions important for functioning of the tourism …

Tourism is one of the growing industries in Sri Lanka in the post war development. Its contribution to the Sri Lankan … growth and tourism earning in Sri Lanka during 1977-2012. This study employs Granger Causality tests using annual time series … data to analyze the presence and direction of causality between economic growth and tourism earnings. The unit root test is …

International tourism is an important foreign exchange earner and an export for many low income countries as well as … tourism as a potential strategic factor to development and economic growth. The tourism-led economic growth hypothesis (TLGH …) postulates that tourism expansion leads to economic growth. It derives directly from the export-led growth hypothesis (ELGH …

In this paper, we examine the tourism sector in Maldives, focusing on tax revenue generation and long-run growth … potential. We present a sectoral outlook for tourism and use time-series econometric techniques to estimate long-run tax base … elasticities. We focus specifically on international tourist arrivals and international tourism receipts as two alternative tax …

Is tourism an opportunity for lagging countries in the elusive quest for growth (Easterly, 2002)? Recent empirical … evidence suggests that the answer is a cautious yes. Aggregate cross-country data show that tourism specialization is likely to … fundamental determinants of economic growth (Acemoglu et al., 2001) and ask whether previous positive results of tourism on growth …

Tourism has become the world's third-largest export industry after fuels and chemicals, and ahead of food and … automotive products. From last few years, there has been a great surge in international tourism, culminates to 7% share of World …'s total exports in 2016. To this end, the study attempts to examine the relationship between inbound tourism, financial …