Does tourism development promote economic growth in transition countries? A panel data analysis

By M. Chou. 2013

313 citations recorded by the source corpus.

This study examines causal relationships between tourism spending and economic growth in 10 transition countries for the period 1988–2011. Panel causality analysis, which accounts for dependency and heterogeneity across countries, is used herein. Our empirical results support the evidence on the direction of causality, and are consistent with the neutrality hypothesis for 3 of these 10 transition countries (i.e. Bulgaria, Romania and Slovenia). The growth hypothesis holds for Cyprus, Latvia and Slovakia while reverse relationships were found for the Czech Republic and Poland. The feedback hypothesis also holds for Estonia and Hungary. Our empirical findings provide important policy implications for the 10 transition countries being studied.

Subfields: Economics and Econometrics, Sociology and Political Science

View Paper: https://www.semanticscholar.org/paper/6c4a6b43d19e13d06ec984e710bb25651fc4db92

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Citations in the corpus

Tourism and regional income inequality: Evidence from China (2016, background): “The majority of the empirical studies in this area are based on tourism-led growth (TLG) or the tourism exports → capital goods imports → growth (TKIG) hypothesis (Chou, 2013; Cortés-Jiménez, Nowak, & Sahli, 2011), which originates from theory of export, and international tourism is treated as a kin”
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 ”
Territorial capital, smart tourism specialization and sustainable regional development: experiences from Europe. (2017, background): “More recently, ambiguous results have been found (Lee & Chang, 2008; Tang & Jang, 2009; Chou, 2013), or even negative effects of long-term tourism development have been identified, through the transformations within the regional economic structures related to deindustrialization processes (Sheng &…”
Dynamic relationship between tourism, economic growth, and environmental quality (2018, background): “Such as (Ekanayake, 2012) found no causality in 140 developing countries and (Chou, 2013) confirm the neutrality hypothesis in transition economies.”
Tourism, growth and environment: analysis of non-linear and moderating effects (2020, background): “Chou (2013) investigated the relationship between tourism development and economic growth in 10 transition countries and showed different empirical outcomes for the countries.”
Achieving destination competitiveness: an importance–performance analysis of Serbia (2016, background): “Knowledge management must be increasingly embedded and embodied in an organisation in order to anticipate change, take informed action, and develop new products, services, and marketing approaches (Buhalis, 2003).”
A comparison of the moderating effect of tourism reliance on the economic development for islands and other countries (2016, result): “Chou (2013) also found mixed results for the growth hypothesis between tourism spending and economic growth in 10 European transition countries.”
Has the tourism-led growth hypothesis been validated? A literature review (2016, methodology): “Furthermore, a bi-directional Granger causality (i.e. tourism Granger-causes growth and vice versa) is assessed for the following destinations: Australia (Corrie, Stoeckl, & Chaiechi, 2013), Jamaica (Ahamefule, 2012; Amaghionyeodiwe, 2012; Ghartey, 2013), Aruba (Ridderstaat et al., 2013), Barbados (”