A SVECM Analysis of the Relationship between International Tourism Arrivals, GDP and Trade in Italy

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Tourism development and economic growth: a panel Granger causality analysis in the frequency domain (2017, background): “Massidda and Mattana (2013) find the feedback hypothesis true for Italy, Katircioglu (2009) for Malta, and Ridderstaat, Croes, and Nijkamp (2014) for Aruba.”
The Threshold Effects of the Tourism-Led Growth Hypothesis: Evidence from a Cross-sectional Model (2017, background): “For Italy, Massidda and Mattana (2013) employ the structural vector error correction model and find bidirectional causality between international tourism arrivals and real GDP in the long run, whereas international tourism arrivals have no impact on real GDP in the short run.”
Has the tourism-led growth hypothesis been validated? A literature review (2016, background): “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 (”
Tourism and Economic Growth (2016, background): “This has been suggested for Greece (Dritsakis 2004), Italy (Massidda and Mattana 2013), Mauritius (Durbarry 2002), Spain (Balaguer and Cantavella-Jorda 2002), Taiwan (Kim, Chen, and Jang 2006), Turkey (Gunduz and Hatemi-J 2005; Ongan and Demiroz 2005), 4 Pacific Island countries (Narayan et al.…”