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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 …
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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 …
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