Tourism as a factor of long-run economic growth: An empirical analysis for Chile

By Juan Gabriel Brida, Wiston Adrián Risso. European Journal of Tourism Research, 2009

167 citations recorded by the source corpus.

This paper empirically investigates the impact of tourism on the long-run economic growth of Chile by using the Johansen analysis to obtain a co-integrated vector among the relevant variables and the Granger Causality test to investigate causality. We use annual data from 1988 to 2008 of the GDP of Chile, the tourism expenditure and the real exchange rate. The Johansen analysis shows that both elasticities of the co-integrated vector are positive and the Granger test shows that causality goes unidirectionally from tourism and real exchange rate to real GDP. Impulse response analysis shows that a positive shock in the tourism expenditure and the real exchange rate first produces negative effects and then a continuous and sustained positive impact.

Subfields: Economics and Econometrics, Sociology and Political Science, Tourism, Leisure and Hospitality Management

View Paper: https://www.semanticscholar.org/paper/4f17ff754bb27bcca2934a093f610711e3d2d49a

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Citations in the corpus

Tourism and its economic impact: A literature review using bibliometric tools (2018, background): “This connection was seen to be unidirectional from tourism and real exchange to GDP in Chile (Brida and Risso, 2009) and bidirectional in Taiwan (Kim et al.”
Has the tourism-led growth hypothesis been validated? A literature review (2016, methodology): “…Schubert et al. (2010) Tourism Management Annual (1970– 2008) Antigua and Barbuda VECM (Johansen)Granger causality Tourism expenditure – GDP USA – exchange rate T Y (10) Brida and Risso (2009) European Journal of Tourism Research Annual (1988– 2008) Chile VECM (Johansen)Granger causality…”
Small sample evidence on the tourism-led growth hypothesis in Lebanon (2014, background): “Examples of country-specific frameworks on this topic are Belloumi (2010) for Tunisia; Akinboade and Braimoh (2010) for South Africa; Brida and Risso (2009) for Chile; Brida, Pereyra, Risso, Such, and Zapata (2009) for Colombia; Brida, Sanchez Carrrera, and Risso (2008) for Mexico; Cortés and…”
Revisiting the Tourism-Led Economic Growth Hypothesis: The Case of China (2018, background): “Such a one-way causality was substantiated in many countries and regions, including Chile (Brida and Risso 2009), EU member countries (Holzner 2011), Malaysia (Tang and Abosedra 2014; Tang and Tan 2013), OECD member countries (Lee and Chang 2008), Portugal (Proença and Soukiazis 2008), Latin…”
Dynamic relationship between tourism, economic growth, and environmental quality (2018, background): “…Zhaohua Wang wangzhaohua@hotmail.com School of Management and Economics, Beijing Institute of Technology, Beijing 100081, China 2018 Informa UK Limited, trading as Taylor & Francis Group expansion of tourism is counted as a key sector for economic growth (Brida & Risso, 2009; Tang & Tan, 2013).”
Another look at tourism- economic development nexus (2018, background): “Therefore, tourism development has been the engine of economic growth across the world (Brida & Risso, 2009; Tang & Tan, 2013).”
Tourism and Economic Growth: A Meta-regression Analysis (2019, result): “The finding corroborates the results of studies that validate the TLGH (e.g., Antonakakis et al. 2016; Bilen, Yilanci, and Eryüzlü 2017; Brida and Risso 2009; Salifou and ul Haq 2017; Tang and Tan 2013).”
A literature review on the tourism-led-growth hypothesis (2010, unknown): “2010), Chile (Brida and Risso, 2009), Colombia (Brida et al.”