Matzana, Velisaria; Oikonomou, Aikaterina; Polemis, Michael - In: Journal of risk and financial management : JRFM 15 (2022) 4, pp. 1-15
In this study, the linkage between tourism activity and economic development in 21 European countries is analyzed. The … if there is a long-run connection between tourism activity and the development of the economy by applying a multivariate … model. For this purpose, generalized method of moments (GMM) and Granger causality tests are applied within a panel data …