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. 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 …
Persistent link: https://www.econbiz.de/10011841916
. -- tourism income ; economic growth ; panel unit root ; panel causality …This paper investigated the causal relationship between tourism revenue and gross domestic product (GDP) using the … panel data of 135 countries for the period 1995–2008. For this purpose, Panel Granger causality analysis was applied to 11 …
Persistent link: https://www.econbiz.de/10009701762
On average, tourism-specialized countries grow more than others. This fact is inconsistent with economic theory as, in … thus high productivity; (2) large scale. In this paper, we use panel data methods to go further in treating the endogeneity … problem. In general and contrary to previous works, we conclude that tourism, on its own, cannot explain the higher growth …
Persistent link: https://www.econbiz.de/10012735015
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 …
Persistent link: https://www.econbiz.de/10011600070
growth and tourist overnight stays. Panel model shows that regional economic growth is influenced by tourism. But research …Tourism is currently one of the largest and most dynamically developing sectors of the world. In many countries … between the tourism industry and processes of economic growth and development on regional level. Croatia has been divided into …
Persistent link: https://www.econbiz.de/10012178448
development and economic growth by using the panel data over the period 1995-2015 for five BRICS (Brazil, Russia, India, China and … South Africa) countries. The results of panel ARDL cointegration test indicate that tourism, financial development and …Tourism has become the world's third-largest export industry after fuels and chemicals, and ahead of food and …
Persistent link: https://www.econbiz.de/10012429781
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 …
Persistent link: https://www.econbiz.de/10014029535
In the present paper an empirical analysis will point out tourism has a positive impact on economic growth, thus … elaboration of these panel data is made feasible by means of the Eviews software package …
Persistent link: https://www.econbiz.de/10013029257
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 …
Persistent link: https://www.econbiz.de/10011324906
globalization and socio-economic development both on supranational and national level. Increase in inbound tourism from China can …On the modern stage of development of global economy international tourism has become an important driver of … insure the growth rate of inbound tourists from China Ukrainian tourist companies must ensure government support to optimize …
Persistent link: https://www.econbiz.de/10013232060