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causality among tourist arrivals, tourism receipts, energy consumption and economic growth for the top 10 most-visited countries … (France, the USA, Spain, China, Italy, Turkey, Germany, the United Kingdom, Russia, and Mexico) in the world. This study finds …
Persistent link: https://www.econbiz.de/10011772435
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 …
Persistent link: https://www.econbiz.de/10014199383
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 …
Persistent link: https://www.econbiz.de/10013124748
Market frictions prevent the efficient allocation of factors of production, slow down structural transformation and lead to costs in terms of lower output and aggregate total factor productivity (TFP). We use a theoretical framework developed by Aoki (2012) featuring sector-specific frictions on...
Persistent link: https://www.econbiz.de/10012960923
We use the Aguion and Howitt (2009) theoretical model of endogenous economic growth to explain the declining economic growth in developed economies in the period 1981-2009. Aguion and Howitt theoretical framework combines Solownian and Schumpeterian elements in a single scenario, so that...
Persistent link: https://www.econbiz.de/10012984814
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 …
Persistent link: https://www.econbiz.de/10008702298
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 …
Persistent link: https://www.econbiz.de/10014197225
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 …
Persistent link: https://www.econbiz.de/10011575139
The aim of this article is to point out the importance of education on a sustained economic development strategy, having into account inter-sector relations and the influence of education in the growth of production per head. Three cross-country models are presented to analyze the evolution of...
Persistent link: https://www.econbiz.de/10012770814
its inter-temporal comparison across countries. The distinctive features of the indicator relate to the domains covered …
Persistent link: https://www.econbiz.de/10013022821