Inbound tourism and long-run economic growth

Cortés-Jiménez, Isabel; Pulina, Manuela

doi:10.1080/13683500802684411

Cited by 170 publications

(84 citation statements)

References 42 publications

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“…Since then, the first paper that formally confirmed the tourism-led growth hypothesis through cointegration and causality tests for the case of the Spanish economy was published in 2002 (Balaguer & Cantavella-Jordá, 2002). Several other time series studies showing the relationship between tourism and economic growth reported a long run equilibrium relationship and evidence for causality among the variables of interest specifically for southern European Mediterranean countries (Cortés-Jiménez & Pulina, 2010;Dritsakis, 2004;Eeckels, Filis, & Leon, 2012;Gunduz & Hatemi-J, 2005;Katircioglu, 2007;Kim, Chen, & Jang, 2006;Massidda & Mattana, 2013;Nowak, Sahli, & Cortés-Jiménez, 2007).…”

Section: Brief Review Of Earlier Studiesmentioning

confidence: 89%

Tourism and economic growth in Portugal: an empirical investigation of causal links

Bento

2016

TMS

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This study uses quarterly time series for the period from 1995 to 2015 to assess the temporal causal link between tourism and economic growth based on the hypothesis according to which tourism development precedes economic growth. It adopts a disaggregated approach to study the effects of both domestic tourists and foreign tourists on economic growth. Seasonally adjusted tourist arrivals are used to represent tourism activity. This study employs time series cointegration methods that are capable of accommodating structural breaks. The results show that the Portuguese case supports the tourism-led growth hypothesis. There is evidence of a long run cointegration relationship between the real gross domestic product and arrivals at tourist's accommodation establishments of both domestic tourists and foreign tourists. Long run unidirectional Granger causality exists running from domestic tourists to real gross domestic product, but not vice versa. The findings indicate that domestic tourism promotes economic growth. The main policy implication is that policy makers should contribute to tourism development and encourage tourism opportunities in domestic markets by targeting not only foreign tourists, but also domestic tourists to ensure the longterm success and strategic planning of the tourism sector in Portugal.Keywords: Tourism-led growth hypothesis, tourists, cointegration and causality analysis, structural breaks, Portugal. ResumoEste estudo utiliza séries temporais e dados trimestrais para o período de 1995 a 2015 para avaliar a relação de causalidade de Granger entre o turismo e o crescimento económico. O estudo testa a Tourism Led Growth Hypothesis. A variável do turismo no modelo econométrico é desagregada em chegadas dos turistas nacionais e chegadas dos turistas estrangeiros. O estudo faz uma análise da cointegração e causalidade e os testes de raíz unitária têm em conta a possibilidade de existência de quebras estruturais nas séries temporais. A hipótese em questão é válida no caso Português. Existe uma relação de cointegração a longo prazo entre o produto interno bruto e as chegadas dos turistas nacionais e dos turistas estrangeiros em estabelecimentos de alojamento. Existe também uma relação de causalidade a longo prazo entre os turistas nacionais e o produto interno bruto. A mensagem principal deste estudo é salientar o papel dos turistas nacionais na promoção do sector do turismo e do crescimento económico em Portugal. Palavras-chave:Tourism Led Growth Hypothesis, turistas, análise da cointegração e causalidade, quebras estruturais, Portugal.

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Section: Brief Review Of Earlier Studiesmentioning

confidence: 89%

Tourism and economic growth in Portugal: an empirical investigation of causal links

Bento

2016

TMS

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“…Therefore, the study endorses the vindication of the tourism-led growth hypothesis. On the contrary, Nowak et al (2007) and Cortés-Jiménez and Pulina (2010) found evidence of bidirectional causality between tourism and economic growth in Spain. , , and Cortés-Jiménez and Pulina (2010) assessed the causal relationship between tourism and economic growth in Italy using the Johansen-Juselius cointegration and Granger causality tests.…”

Section: Insights From the Literaturementioning

confidence: 98%

Tourism and growth in Lebanon: new evidence from bootstrap simulation and rolling causality approaches

Tang¹,

Abosedra²

2015

Empir Econ

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“…Nevertheless, the indicators used to measure tourism often depend on data availability, especially when the scope of the study is regional or provincial. Thus, for example, in the studies by Cortés-Jiménez and Pulina [40] and Gómez-Calero et al [41], tourism is measured as the number of travelers staying overnight at hotels and additionally as the number of hotel overnight stays. However, overnight stays may be considered a better proxy of the earnings obtained from tourism [41].…”

Section: Datamentioning

confidence: 99%

Relationships between Tourism and Hospitality Sector Electricity Consumption in Spanish Provinces (1999–2013)

2017

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Abstract:The EU is committed to a 40% reduction in their domestic greenhouse gas emissions by 2030. In order to reach this ambitious target, new measures affecting all economic sectors would be needed. This paper focuses on the tourism sector. Using econometric panel data techniques, the relationships between tourist overnight stays and the hospitality sector electricity consumption is studied for the Spanish provinces during the period 1999-2013. With this aim, an Energy-Tourism Kuznets Curve hypothesis is tested. The results show that the Energy-Tourism Kuznets Curve hypothesis is not supported. An increasing positive relationship between the hospitality sector electricity consumption and overnight stays is observed. Results also show that the hospitality sector electricity consumption elasticity values, with respect to tourist overnight stays, differ among the provinces, the values being within a range of 0.1-0.5 during the period. The highest values are observed for the Balearic Islands, the Canary Islands, Gerona, Tarragona and Malaga. Energy efficiency measures, the adoption of renewable energy systems and the development of energy management capabilities are recommended.

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Inbound tourism and long-run economic growth

Cited by 170 publications

References 42 publications

Tourism and economic growth in Portugal: an empirical investigation of causal links

Tourism and economic growth in Portugal: an empirical investigation of causal links

Tourism and growth in Lebanon: new evidence from bootstrap simulation and rolling causality approaches

Relationships between Tourism and Hospitality Sector Electricity Consumption in Spanish Provinces (1999–2013)

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