Tourism and Regional Growth in Europe

35 Pages Posted: 3 Jun 2013

See all articles by Raffaele Paci

Raffaele Paci

University of Cagliari - Centre for North South Economic Research (CRENOS)

Emanuela Marrocu

Universita di Cagliari - Centre for North South Economic Research (CRENOS)

Date Written: June 3, 2013

Abstract

The aim of this paper is to analyze the impact of domestic and international tourism on the economic growth process for 179 regions in ten European countries, which are highly representative of total tourism flows. The econometric analysis is performed for the period 1999-2009 and is based on a spatial growth regression framework, where the rate of GDP per capita growth at the regional level depends on tourism flows in addition to traditional production inputs, such as physical, human and technological capital. In addition to controlling for initial conditions, we also include covariates for the geographical, social and institutional features of the regions. The results, which are robust to several robustness checks, demonstrate the positive effect of domestic and international tourism flows on regional growth.

Keywords: regional economic growth, tourism flows, spatial dependence, Europe

JEL Classification: R11, L83, C31

Suggested Citation

Paci, Raffaele and Marrocu, Emanuela, Tourism and Regional Growth in Europe (June 3, 2013). Available at SSRN: https://ssrn.com/abstract=2273457 or http://dx.doi.org/10.2139/ssrn.2273457

Raffaele Paci (Contact Author)

University of Cagliari - Centre for North South Economic Research (CRENOS) ( email )

Viale S. Ignazio, 78
Cagliari I-09123
Italy
+70-6753764 (Phone)
+70-6753760 (Fax)

Emanuela Marrocu

Universita di Cagliari - Centre for North South Economic Research (CRENOS) ( email )

V. S. Ignazio 78
Cagliari, 09124
ITALY
+39.0706753764 (Phone)
+30.0706753760 (Fax)

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