Panel analysis of tourism - economic growth nexus
Yükleniyor...
Dosyalar
Tarih
2017
Dergi Başlığı
Dergi ISSN
Cilt Başlığı
Yayıncı
Erişim Hakkı
info:eu-repo/semantics/openAccess
Özet
Over the past several decades, the relationship between tourism and
economic growth, for both developing and developed countries, has
been a popular issue of debate. Taking into account the fact that the
tourism is an important sector in the world economy, the knowledge of
the sign and size of the impact of tourism earnings on economic growth
is of particular importance to policy makers. This paper aims to
explore the impact of tourism earnings on economic growth. Panel
data of 113 countries are used for the years that span from 1995 to 2015.
The potential contribution of tourism to economic growth is analyzed
within the conventional augmented Solow growth model. GMM
method is employed to account for a dynamic phenomenon of economic
growth. The obtained results indicate a significant positive impact of
tourism on economic growth. Furthermore, the obtained results
indicate that tourism-economic growth nexus differs among income
disparity. The obtained findings imply that low-income countries
should enhance their economic growth by strengthening their tourism
industry.
Açıklama
Anahtar Kelimeler
Economic Growth, Tourism, Dynamic Panel Data, Income Disparities
Kaynak
INTERNATIONAL JOURNAL OF ECONOMIC STUDIES
WoS Q Değeri
Scopus Q Değeri
Cilt
4
Sayı
3
Künye
Satrovic, Elma, Muslija, Adnan, Ünver Erbaş, Cansu.Panel analysis of tourism - economic growth nexus.INTERNATIONAL JOURNAL OF ECONOMIC STUDIES,4(3),535-545.
