In this study, we employ the novel measure of a VAR-based spillover index, developed by Diebold and Yilmaz (2012) to investigate the time-varying relationship between tourism and economic growth in selected European countries. Overall, the findings suggest that (i) the tourism-economy...

Within Europe, processes of economic convergence and divergence operate at various geographical scales, resulting in a very uneven geographical landscape. As mentioned in the international literature, the European economic space is characterized by a core-periphery structure. From this point of...

Tourism is widely considered as driver for economic growth, and the "tourism-led-growth hypothesis" is often investigated in the literature. However, there is very limited literature examining how economic growth impacts tourism, an impact which is usually tacitly accepted, without being...

This study represents a quantitative and qualitative analysis of the Romanian tourism phenomenon that focuses on the current challenges to which it has to adapt in order to become competitive on the European market and to overcome its current stage of subsistence tourism. One of the selected...

Tourism is a socio-economic phenomenon exerting considerable economic, social and political impact, thus securing itself an important position in the overall economic growth. The principal purpose of this paper is to present the effects of the EU integration process on tourist movements in...

In this study, we employ the novel measure of a VAR-based spillover index, developed by Diebold and Yilmaz (2012) to investigate the time-varying relationship between tourism and economic growth in selected European countries. Overall, the findings suggest that (i) the tourism-economy...

Abstract: Global tendencies and priorities change, therefore, in the current socio-economic context, the big challenge for the Romania's tourism industry is the growth of competitiveness. Romania displays powerful competitiveness gaps as against European Union's states, but also as against other...

The paper is an analysis based on statistical indicators for three European economies with highly developed tourism sectors. France, Italy and Spain are models of growth and development through tourism, which is possible due to their cultural, historical and artistic richness. Although they are...

Tourism is a socio-economic phenomenon exerting considerable economic, social and political impact, thus securing itself an important position in the overall economic growth. The principal purpose of this paper is to present the effects of the EU integration process on tourist movements in...