Specializing in tourism is an option available to a number of less developed countries and regions. But is it a good … option? To answer this question, we have compared the relative growth performance of 14 tourism countries within a sample of … that the tourism countries grow significantly faster than all the other sub-groups considered in our analysis (OECD, Oil …

We analyze the empirical relationship between growth, country size and tourism specialization by using a dataset … covering the period 1980-2003. We find that small tourism countries grow significantly faster than all the other sub … open to trade. In other words, Tourism appears to be an independent determining factor for growth. Another finding of our …

causality among tourist arrivals, tourism receipts, energy consumption and economic growth for the top 10 most-visited countries … (France, the USA, Spain, China, Italy, Turkey, Germany, the United Kingdom, Russia, and Mexico) in the world. This study finds …

We provide an empirical assessment of the relationship between tourism specialisation and economic growth by updating … spans between 1980 and 2005. Contrary to previous findings (e.g., Brau et al., 2004 and 2007), tourism-based countries did … not grow at a higher rate than non-tourism based countries, except for the 1980-1990 period for which, however, the data …

This paper shows that tourism specialisation can help to explain the observed high growth rates of small countries. For … small poor economy, which does not have an own engine of growth and produces tradable tourism services. The poor country … exports tourism services to and imports capital goods from the rich economy. In one model tourism is a luxury good, while in …

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 …