We investigate the relationship between tourism specialization and economic growth. We deviate from previous studies … - which have reported mixed evidence - by allowing the relationship to take a nonlinear form. We find that tourism … diminishing returns set in and tourism's contribution becomes minimal. The policy lesson is that there is promise for tourism …

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 …

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 …

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 …