Tourism development and growth
De Vita, Glauco
Kyaw, Khine S.
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•Role of the level of economic development on the tourism-growth relationship. •We use SYS-GMM estimation on a panel of 129 countries over 1995–2011. •Our specification includes the level of financial development. •Positive effect of tourism is only significant for middle and high-income countries. •At low levels of economic development, tourism does not contribute to GDP growth.
Annals of Tourism Research;
De Vita, G. and Kyaw, K.S. (2016) 'Tourism development and growth', Annals of Tourism Research, 60(9), pp.23-26
Article published in Annals of Tourism Research available at https://doi.org/10.1016/j.annals.2016.05.011