Modeling the link between tourism and economic development: evidence from homogeneous panels of countries
Abstract Having previously analyzed the relationship between tourism and economic growth from distinct perspectives, this paper attempts to fill the void existing in scientific research on the relationship between tourism and economic development, by analyzing the relationship between these variable...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
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Springer Nature
2024-02-01
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| Series: | Humanities & Social Sciences Communications |
| Online Access: | https://doi.org/10.1057/s41599-024-02826-8 |
| _version_ | 1797275494477987840 |
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| author | Pablo Juan Cárdenas-García Juan Gabriel Brida Verónica Segarra |
| author_facet | Pablo Juan Cárdenas-García Juan Gabriel Brida Verónica Segarra |
| author_sort | Pablo Juan Cárdenas-García |
| collection | DOAJ |
| description | Abstract Having previously analyzed the relationship between tourism and economic growth from distinct perspectives, this paper attempts to fill the void existing in scientific research on the relationship between tourism and economic development, by analyzing the relationship between these variables using a sample of 123 countries between 1995 and 2019. The Dumistrescu and Hurlin adaptation of the Granger causality test was used. This study takes a critical look at causal analysis with heterogeneous panels, given the substantial differences found between the results of the causal analysis with the complete panel as compared to the analysis of homogeneous country groups, in terms of their dynamics of tourism specialization and economic development. On the one hand, a one-way causal relationship exists from tourism to development in countries having low levels of tourism specialization and development. On the other hand, a one-way causal relationship exists by which development contributes to tourism in countries with high levels of development and tourism specialization. |
| first_indexed | 2024-03-07T15:14:14Z |
| format | Article |
| id | doaj.art-960d8aa13bbc4c1791d7f86f1799bb0b |
| institution | Directory Open Access Journal |
| issn | 2662-9992 |
| language | English |
| last_indexed | 2024-03-07T15:14:14Z |
| publishDate | 2024-02-01 |
| publisher | Springer Nature |
| record_format | Article |
| series | Humanities & Social Sciences Communications |
| spelling | doaj.art-960d8aa13bbc4c1791d7f86f1799bb0b2024-03-05T18:00:05ZengSpringer NatureHumanities & Social Sciences Communications2662-99922024-02-0111111210.1057/s41599-024-02826-8Modeling the link between tourism and economic development: evidence from homogeneous panels of countriesPablo Juan Cárdenas-García0Juan Gabriel Brida1Verónica Segarra2Department of Economics, University of JaénGIDE, Faculty of Economics, Universidad de la RepúblicaGIDE, Faculty of Economics, Universidad de la RepúblicaAbstract Having previously analyzed the relationship between tourism and economic growth from distinct perspectives, this paper attempts to fill the void existing in scientific research on the relationship between tourism and economic development, by analyzing the relationship between these variables using a sample of 123 countries between 1995 and 2019. The Dumistrescu and Hurlin adaptation of the Granger causality test was used. This study takes a critical look at causal analysis with heterogeneous panels, given the substantial differences found between the results of the causal analysis with the complete panel as compared to the analysis of homogeneous country groups, in terms of their dynamics of tourism specialization and economic development. On the one hand, a one-way causal relationship exists from tourism to development in countries having low levels of tourism specialization and development. On the other hand, a one-way causal relationship exists by which development contributes to tourism in countries with high levels of development and tourism specialization.https://doi.org/10.1057/s41599-024-02826-8 |
| spellingShingle | Pablo Juan Cárdenas-García Juan Gabriel Brida Verónica Segarra Modeling the link between tourism and economic development: evidence from homogeneous panels of countries Humanities & Social Sciences Communications |
| title | Modeling the link between tourism and economic development: evidence from homogeneous panels of countries |
| title_full | Modeling the link between tourism and economic development: evidence from homogeneous panels of countries |
| title_fullStr | Modeling the link between tourism and economic development: evidence from homogeneous panels of countries |
| title_full_unstemmed | Modeling the link between tourism and economic development: evidence from homogeneous panels of countries |
| title_short | Modeling the link between tourism and economic development: evidence from homogeneous panels of countries |
| title_sort | modeling the link between tourism and economic development evidence from homogeneous panels of countries |
| url | https://doi.org/10.1057/s41599-024-02826-8 |
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