Utilize este identificador para referenciar este registo: http://hdl.handle.net/10400.5/4419
Título: Tourism and growth in european countries : an application of likelihood-based panel cointegration
Autor: Mello-Sampayo, Felipa de
Sousa-Vale, Sofia de
Palavras-chave: Tourism
Economic growth
Rank tests
Panel unit root tests
Panel cointegration
Data: 2012
Editora: ISEG - Departamento de Economia
Citação: Mello-Sampayo, Felipa de e Sofia de Sousa-Vale. 2012. "Tourism and growth in european countries : an application of likelihood-based panel cointegration". Instituto Superior de Economia e Gestão - DE working papers nº17-2012/DE
Relatório da Série N.º: DE working papers;nº17/2012/DE
Resumo: This paper applies likelihood-based panel cointegration techniques to examine the exis- tence of a long run relationship between GDP, tourism earnings per tourist and total trade volume for a panel of European countries over the period 1988{2010. Removing the cross dependency, our panel tourism-led growth model indicates that tourism development has a higher impact on GDP in the North than in South European countries. The policy implication of this result is that for this group of countries, the best strategy is to raise tourism receipts. Furthermore, the volume of trade shows a significant and much more stronger effect on the long run economic growth in our sample economies than tourism does.
URI: http://hdl.handle.net/10400.5/4419
ISSN: 0874-4548
Versão do Editor: https://aquila.iseg.utl.pt/aquila/getFile.do?method=getFile&fileId=272201&contentContextPath_PATH=/departamentos/ec/lateral/menu-working-papers/nova-serie/2012&_request_checksum_=da4e037f824b4e96a71244ee9630e9560c0bca3c
Aparece nas colecções:DE - Documentos de trabalho / Working Papers

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