International Tourism and Economic Growth: A Panel Data Approach

25 Pages Posted: 30 Nov 2005

See all articles by Tiago Neves Sequeira

Tiago Neves Sequeira

University of the Interior of Beira - Faculty of Social Sciences and Humanities; New University of Lisbon - Faculdade de Economia

Carla Campos

University of the Interior of Beira - Faculty of Social Sciences and Humanities

Date Written: November 2005

Abstract

On average, tourism-specialized countries grow more than others. This fact is inconsistent with economic theory as, in particular, endogenous growth theory suggests that economic growth is linked with: (1) sectors with high intensity in R&D and thus high productivity; (2) large scale. In this paper, we use panel data methods to go further in treating the endogeneity problem. In general and contrary to previous works, we conclude that tourism, on its own, cannot explain the higher growth rates of these countries.

Keywords: Tourism, Economic growth, Panel data

JEL Classification: L83, O40, O50

Suggested Citation

Neves Sequeira, Tiago and Campos, Carla, International Tourism and Economic Growth: A Panel Data Approach (November 2005). FEEM Working Paper No. 141.05. Available at SSRN: https://ssrn.com/abstract=855985 or http://dx.doi.org/10.2139/ssrn.855985

Tiago Neves Sequeira (Contact Author)

University of the Interior of Beira - Faculty of Social Sciences and Humanities ( email )

6200-209 Covilha
Portugal

New University of Lisbon - Faculdade de Economia ( email )

Campus de Campolide
Lisboa, 1099-032
Portugal

Carla Campos

University of the Interior of Beira - Faculty of Social Sciences and Humanities ( email )

6200-209 Covilha
Portugal

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