Transforming Competitiveness into Economic Benefits: Does Tourism Stimulate Economic Growth in More Competitive Destinations?
Tourism Management, 40, pp. 137-140
15 Pages Posted: 6 Jun 2013 Last revised: 27 Sep 2014
Date Written: 2013
This research note investigates the impact of a destination’s competitiveness upon tourism’s contribution to economic growth using a cross-section with 131 countries. Destination competitiveness is measured with the World Economic Forum’s Travel and Tourism Competitiveness Index, while tourism’s contribution to economic growth is measured with the growth decomposition methodology. Results reveal that destination competitiveness has no statistically significant impact on tourism’s contribution to economic growth. Tourism policy implications and directions for future research are also discussed.
Keywords: tourism and economic growth, growth decomposition methodology, destination competitiveness, World Economic Forum, Travel and Tourism Competitiveness Index
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