Tourism and GDP

By Mercedes Castro-Nuño, J. A. Molina-Toucedo, María del Pópulo Pablo-Romero. 2013

119 citations recorded by the source corpus.

This article provides a meta-analysis of a selected sample of 87 estimates from studies based on panel data techniques published through until 2012. The purpose is to obtain a summary measure of the effects of tourism on economic growth by applying models for both fixed and random effects. The results show a positive elasticity between GDP and tourism, although the magnitude of the effect varies according to the methodological procedure employed in the original studies for empirical estimates. In this sense, when estimates exclude other explanatory variables of economic growth, elasticities are overvalued.

Subfields: Economics and Econometrics, Sociology and Political Science, Transportation

View Paper: https://www.semanticscholar.org/paper/407150bd1050e852c5b1b7464ae0495023ed23eb

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

In Economics and Econometrics

1. Robin Nunkoo
2. R. Sannassee
3. Z. K. Jaffur
4. Paul George Warren Moraghen
5. Lung-Tai Yeh
6. B. Zuo
7. Yi-Bin Chiu
8. B. Seetanah

In Sociology and Political Science

1. R. Sannassee
2. Z. K. Jaffur
3. Paul George Warren Moraghen
4. Robin Nunkoo
5. Lung-Tai Yeh
6. B. Zuo
7. Yi-Bin Chiu
8. B. Seetanah

In Transportation

1. Lung-Tai Yeh
2. B. Zuo
3. Yi-Bin Chiu
4. Robin Nunkoo
5. B. Seetanah
6. Songshan (Sam) Huang

Citations in the corpus

• Revisiting the Tourism-Led Economic Growth Hypothesis: The Case of China (2018, background): “As Castro-Nuno, Molina-Toucedo, and Pablo-Romero (2013) pointed out, these two proxy measures of TS may have different estimate values of elasticity.”
• Tourism and Economic Growth: A Meta-regression Analysis (2019, methodology): “To the authors’ knowledge, the only meta-analysis article available on the TLGH to date is that of Castro-Nuño, Molina-Toucedo, and Pablo-Romero (2013).”
• The Threshold Effects of the Tourism-Led Growth Hypothesis: Evidence from a Cross-sectional Model (2017, background): “Moreover, Durbarry (2004), Ertugrul and Mangir (2015), Castro-Nuno, Molina-Toucedo, and Pablo-Romero (2013), Jalil, Mahmood, and Idrees (2013), Lee and Brahmasrene (2013), Tang and Abosedra (2014a, 2014b), Inchausti-Sintes (2015), and Ma, Hong, and Zhang (2015) all show that tourism development can…”