Does tourism influence economic growth? A dynamic panel data approach

By Tiago Neves Sequeira, Paulo J. Maçãs Nunes. 2008

336 citations recorded by the source corpus.

On average, tourism-specialized countries grow more than others. This is not consistent with the core of modern economic growth theory that suggests that economic growth is linked to sectors with high-tech intensity and large scale. In this article, we use appropriate panel data methods to study the relationship between tourism and economic growth. In general, we show that tourism is a positive determinant of economic growth both in a broad sample of countries and in a sample of poor countries. However, contrary to previous contributions, tourism is not more relevant in small countries than in a general sample. † This is a fully modified version of a working-paper co-authored by one of the authors.

Subfields: Economics and Econometrics, Sociology and Political Science

View Paper: https://www.semanticscholar.org/paper/21e1658ef52d8462b1396b22d76ceb4d03880810

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Citations in the corpus

The economic growth impact of tourism in Small Island Developing States—evidence from the Caribbean (2018, background): “Review of literature A number of studies have found a positive association between tourism and economic growth in both developed and developing countries (Balaguer and Cantavella-Jordà, 2002; Hye and Khan, 2012; Kreishan, 2010; Lee and Chang, 2008; Parrilla et al., 2007; Sequeira and Nunes, 2008).”
Measuring and Explaining Competitiveness in the Context of Small Island Destinations (2011, background): “…studies (Hazari and Sgro 1995; Balaguer and Cantavella-Jorda 2002; Brau et al. 2003; Dritsakis 2004; Durbarry 2004; Eugenio-Martin, Martin-Morales, and Scarpa 2004; Maloney and Montes Rojas 2005; Eugenio-Martin, MartinMorales, and Sinclair 2008; Croes and Vanegas 2008; Sequeira and Nunes 2008).”
The Role of Tourism in Poverty Reduction: An Empirical Assessment (2014, background): “Sequeira and Nunes (2008) found a positive correlation between tourism receipts and growth rate, especially for tourist specialist countries.”
Tourism and GDP (2013, background): “The sensitivity analysis completed for the sample of 87 estimates (by an iterative repetition of the meta-analysis, omitting in turn each of the studies and including others), provided much more stable results when the 18 estimates from Sequeira and Nunes (2008) were omitted.”
Tourism and Economic Development: Evidence from Mexico’s Coastline (2019, background): “Topalova (2010), Donaldson (in press), Atkin et al.”
Prospects and Limits of Tourism-Led Growth: The International Evidence (2009, neutral): “A closely related paper involving one of the previous two authors (Sequeira and Nunes, 2008) uses different control variables and a dynamic panel framework, this time reaching the conclusion that tourism specialization does contribute to economic growth, both in a broad sample of countries and in a…”