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Has the tourism-led growth hypothesis been validated? A literature review

Brida, Juan Gabriel and Cortes Jimenez, Isabel and Pulina, Manuela (2014) Has the tourism-led growth hypothesis been validated? A literature review. Current issues in tourism , in press. ISSN 1368-3500. eISSN 1747-7603. Article.

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DOI: 10.1080/13683500.2013.868414

Abstract

Over 10 years have passed since the first paper on the tourism-led growth hypothesis (TLGH) was published in 2002. Since then, a wave of studies has appeared trying to understand the temporal relationship between tourism and economic growth. Hence, it is possible to provide an assessment in terms of econometric methods used and main empirical findings achieved so far. This paper presents an exhaustive review of approximately 100 peer-reviewed published papers on the TLGH. An overview on the economic theoretical framework behind the TLGH is also provided. Notably, the results present an increasing diversification in the econometric modelling used. With a few exceptions, the empirical findings suggest that overall international tourism drives economic growth.

Item Type:Article
ID Code:10033
Status:In Press
Refereed:Yes
Uncontrolled Keywords:Tourism-led growth hypothesis, economic growth, Granger causality, comprehensive review
Subjects:Area 13 - Scienze economiche e statistiche > SECS-P/03 Scienza delle finanze
Divisions:002 Altri enti e centri di ricerca del Nord Sardegna > CRENoS-Centro Ricerche Economiche Nord Sud, Università di Cagliari e Università di Sassari
001 Università di Sassari > 01-a Nuovi Dipartimenti dal 2012 > Scienze economiche e aziendali
Publisher:Routledge
ISSN:1368-3500
eISSN:1747-7603
Deposited On:10 Sep 2014 15:46

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