Measuring the Impact of Tourism on Economic Growth

Tourism Economics, Vol. 13, No. 3, pp. 379-388

Posted: 18 Nov 2008 Last revised: 8 Jun 2009

See all articles by Stanislav Hristov Ivanov

Stanislav Hristov Ivanov

Varna University of Management (VUM); Zangador

Craig Webster

Ball State University

Multiple version iconThere are 2 versions of this paper

Date Written: November 27, 2006

Abstract

The paper presents a methodology for measuring the contribution of tourism to an economy's growth, which is tested with data for Cyprus, Greece and Spain. We use the growth of real GDP per capita as a measure of economic growth and disaggregate it into economic growth generated by tourism and generated by other industries. We argue that current methodologies examine only the relationship between tourism development (measured by different statistics) and economic growth but do not state how much of the economic growth a consequence of tourism development is. The methodology proposed in this research promises to more adequately gauge the impact of tourism on economic growth than other methodologies.

Keywords: tourism, economic growth, economic impacts of tourism, Cyprus, Greece, Spain

Suggested Citation

Ivanov, Stanislav Hristov and Webster, Craig, Measuring the Impact of Tourism on Economic Growth (November 27, 2006). Tourism Economics, Vol. 13, No. 3, pp. 379-388. Available at SSRN: https://ssrn.com/abstract=1298068

Stanislav Hristov Ivanov (Contact Author)

Varna University of Management (VUM) ( email )

13 Oborishte Street
Varna, 9000
Bulgaria
+359 898 680713 (Phone)

HOME PAGE: http://www.vumk.eu

Zangador ( email )

Varna, 9010
Bulgaria

HOME PAGE: http://www.zangador.eu

Craig Webster

Ball State University ( email )

2000 W. University Avenue
Muncie, IN 47306
United States

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