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A Literature review on the tourism-led-growth hypothesis

Brida, Juan Gabriel and Pulina, Manuela (2010) A Literature review on the tourism-led-growth hypothesis. Cagliari, CRENoS-CUEC. p. 26 (Working Papers CRENoS, 2010, 17). ISBN 978-88-84-67-609-2. Working Paper.

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Abstract

The aim of this paper is to provide a comprehensive literature review on the temporal relationship between tourism and economic growth. Specifically, the role of a such economic activity, as a promoter of short and long run economic growth, is investigated by assessing the so-called Tourism Led Growth Hypothesis (TLGH). To this aim, various methodological approaches have been used, such as VAR, VECM, ARDL, ARCH, GARCH, cross section and panel data. The cointegrating relationship of the economic variables allows one to test the short and long run Granger no-causality. Overall, the empirical findings, emerging from the existing literature, provide evidence that indeed tourism activity drives economic development in all the countries analysed. This outcome further supports the well-established contribution that international tourism has to the economic development.

Item Type:Working Paper
ID Code:5623
Status:Published
Uncontrolled Keywords:Tourism, economic growth, Granger causality, comprehensive review
Subjects:Area 13 - Scienze economiche e statistiche > SECS-P/05 Econometria
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 Dipartimenti > Economia, impresa, regolamentazione
Publisher:CRENoS-CUEC
Copyright Holders:© CUEC 2010
ISBN:978-88-84-67-609-2
Publisher Policy:Depositato per gentile concessione del CRENoS e di CUEC
Deposited On:22 Feb 2011 12:36

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