Tourism and Economic Growth: The case of Next 11 Countries
The aim of this paper is to analyse the relationship between tourism activity and economic growth for Next-11 countries. It is concluded that there is a long run relationship between tourist arrivals and GDP and tourism arrivals has positive effect on GDP growth in N-11 countries. We find that a un...
Main Authors: | , , |
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Format: | Article |
Language: | English |
Published: |
EconJournals
2015-12-01
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Series: | International Journal of Economics and Financial Issues |
Online Access: | http://mail.econjournals.com/index.php/ijefi/article/view/1655 |
Summary: | The aim of this paper is to analyse the relationship between tourism activity and economic growth for Next-11 countries. It is concluded that there is a long run relationship between tourist arrivals and GDP and tourism arrivals has positive effect on GDP growth in N-11 countries. We find that a unidirectional causality from economic growth to tourism is valid confirming Economic Driven Tourism Growth Hypothesis.
Keywords: Tourism development; Economic growth; Causality; N-11
JEL Classifications: F43; L83
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ISSN: | 2146-4138 |