We explore the effect of foreign direct investment on economic growth in developing countries, distinguishing between … contribute to expanding the host country's capital stock. The model suggests that greenfield FDI has a stronger impact on growth … than M&A sales. This hypothesis is supported by our empirical results, which show that greenfield FDI enhances growth …

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 …

Is tourism an opportunity for lagging countries in the elusive quest for growth (Easterly, 2002)? Recent empirical … fundamental determinants of economic growth (Acemoglu et al., 2001) and ask whether previous positive results of tourism on growth … datasets and controls the robustness of previous results on growth and tourism in the presence of several institutional quality …

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 … hence more expensive than the capital good. Moreover, along the transition the growth rate of the tourism economy holds well …

Is tourism an opportunity for lagging countries in the elusive quest for growth (Easterly, 2002)? Recent empirical … fundamental determinants of economic growth (Acemoglu et al., 2001) and ask whether previous positive results of tourism on growth … datasets and controls the robustness of previous results on growth and tourism in the presence of several institutional quality …

Is tourism an opportunity for lagging countries in the elusive quest for growth (Easterly, 2002)‘ Recent empirical … fundamental determinants of economic growth (Acemoglu et al., 2001) and ask whether previous positive results of tourism on growth … datasets and controls the robustness of previous results on growth and tourism in the presence of several institutional quality …

option? To answer this question, we have compared the relative growth performance of 14 "tourism countries" within a sample … other words, the positive performance of the tourism countries is not significantly accounted for by the traditional growth …Specializing in tourism is an option available to a number of less developed countries and regions. But is it a good …

constraints and small economic size. This paper explores the potential linkages between export structure and economic growth and … industries. The empirical analysis finds that export diversification may promote economic growth and reduce economic volatility …