Has the tourism-led growth hypothesis been validated? A literature review

A nexus of linear and non‐linear relationships between tourism demand, renewable energy consumption, and economic growth: Theory and evidence

“…Tourism economics literature is abundant with analyses of the causality relationship between tourism development and economic growth (see, e.g., Brida, Cortes Jiménez, & Pulina, 2016). There are also a number of studies that have analyzed the causal relationship between tourism development and energy consumption or GHG emissions (e.g., Ozturk, 2010).…”

“…First, we apply a relatively new and innovative bootstrap panel Granger causality technique developed by Emirmahmutoglu and Köse (2011) that produces robust and consistent estimates and accounts for the cross-sectional and economic growth to energy consumption (conservation hypothesis), bidirectional causality between economic growth and energy consumption (feedback hypothesis), and no causal link (neutrality hypothesis; Brida, Cortes Jiménez, & Pulina, 2016). Figure 1 presents these theoretical relationships.…”

Tourism price causalities: Case of an Adriatic country

“…As pointed out by the Brida, Cortes-Jimenez et al, (2016), the analysis of tourism prices and their determinants have received less attention than the analysis of tourism demands, although tourism prices are crucial for entrepreneurial income. Thus far, no studies have captured Slovenian macroeconomic tourism performances or unit root testing from the price perspective of secondary data (source) in linear and nonlinear models (Castro-Nuño et al, 2013;Po & Huang, 2008).…”

“…The focus of the analyses is on the impact of the overall and individual level of prices for the hospitality industry, for example, subindustries of accommodation in Slovenia (hotels, vacation rental industries, and nutrition services). More specifically, the analysis identifies those determinants (prices, tourist arrivals, exchange rate, and wages; Po & Huang, 2008;Tang, 2011) that influenced tourism hospitality industry prices from one determinant to another (Brida, Cortes-Jimenez et al, 2016).…”

What Really Matters is the Economic Performance: Positioning Tourist Destinations by Means of Perceptual Maps

“…The contribution of tourism to economic growth, as well as to destination competitiveness, has been extensively analysed in the tourism literature (Balaguer & Cantavella-Jordá, 2002, Brida et al, 2016Capó et al, 2007;Chou, 2013;Croes, 2011;Crouch & Richie, 1999, 2006Durbarry, 2004;Oh, 2005;Pérez-Rodríguez et al, 2015;Schubert & Brida, 2009;Schubert et al, 2011;Seo et al, 2010;Torraleja, 2009). Recent literature highlighted the role of capital formation, arguing that the mechanism underlying tourism's welfare-promoting effect heavily relies on capital goods imports (Nowak et al, 2007;Cortés-Jiménez et al 2011).…”