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• W2794763341 abstract "This article analyzes the relationship between tourism and economic growth for a worldwide dataset of 179 countries during 1995–2016. Applying a panel data Granger causality test, bidirectional causality is found, supporting the feedback hypothesis at a worldwide level. The results show that a 100% increase in number of arrivals, tourism receipts, and tourism expenditure increases per capita GDP by 9%, 7%, and 10%, respectively. In contrast, a 100% increase in real per capita GDP increases number of arrivals, receipts, and expenditure by 54%, 91%, and 101%, respectively. Control variables such as human capital and gross capital formation as a percentage of GDP play an important role in tourism and economic growth." @default.
• W2794763341 created "2018-04-06" @default.
• W2794763341 creator A5046476085 @default.
• W2794763341 date "2018-03-14" @default.
• W2794763341 modified "2023-10-18" @default.
• W2794763341 title "Tourism and Economic Growth: A Worldwide Study" @default.
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• W2794763341 doi "https://doi.org/10.3727/108354218x15143857349828" @default.
• W2794763341 hasPublicationYear "2018" @default.
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