Tourism and Economic Growth

By Ding Du, Alan A. Lew, Pin T. Ng. 2016

240 citations recorded by the source corpus.

Whether international tourism can lead to economic growth is an important macroeconomic question for both policy makers and investors. We extend the literature by investigating if tourism development is an additional determinant of income in the presence of the standard income determinants (such as capital accumulation), or if the effects of tourism development on economic growth work through the standard income determinants, instead. Empirically, we develop a tourism-growth model that is an extension of Solow (1956) and estimate our model with a cross-section of 109 countries. Our findings indicate that investments in tourism in and of itself appear to be insufficient for economic growth. Instead, tourism’s contribution to the long-term growth of an economy comes through its role as an integral part of a broader development strategy that is more generally focused on standard income determinants.

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

View Paper: https://www.semanticscholar.org/paper/cfe90bd3de3a27fe3ca1526567ae17cba654a7c9

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. Lung-Tai Yeh
2. Robertico Croes
3. Yi-Bin Chiu
4. Anis Omri

In Sociology and Political Science

1. Lung-Tai Yeh
2. Robertico Croes
3. Yi-Bin Chiu

In Transportation

1. Lung-Tai Yeh
2. Robertico Croes
3. Yi-Bin Chiu

Citations in the corpus

• The Threshold Effects of the Tourism-Led Growth Hypothesis: Evidence from a Cross-sectional Model (2017, background): “…use a linear or nonlinear model to investigate the impacts of tourism and/or macroeconomic variables on the TLG hypothesis (Sequeira and Campos 2007; Brau, Lanza, and Pigliaru 2007; Figini and Vici 2010; Du, Lew, and Ng 2014; Po and Huang 2008; Chang et al. 2010; Chang, Khamkaew, and McAleer 2012).”
• The Role of Tourism in Poverty Reduction: An Empirical Assessment (2014, background): “Eugenio-Martin et al (2004) found that tourism was not universally growth-conducive in Latin America.”