Tourism and growth in a cross-section of countries
We provided an empirical assessment of the relationship between tourism specialisation and economic
growth, by updating findings of previous papers written on this issue. We used data for more than 150
countries covering different time spans between 1980 and 2005. Contrary to previous findings (e.g.,
Brau et al., 2004 and 2007), tourism-based countries did not grow at a higher rate than non-tourism
based countries, except for the 1980-1990 period for which, however, data on international tourism
are not fully reliable.
tourism specialisation, economic growth, developing countries
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