Relationship between tourism and economic growth

Abstract

The main goal of this paper is to determine whether tourism activity stimulates economic growth. The study indicates the main variables affecting tourism activity and shows a feedback effect between income and tourism. Findings indicate that tourism not only supplies necessary funds to finance firms' activities, but also stimulates the local firms' productivity and creates new job opportunities that increase the country's welfare. Variables that have important effects on tourism activity, such as entrepreneurship and prices have also been considered.

An investigation into the anthropogenic nexus among consumption of energy, tourism, and economic growth: do economic policy uncertainties matter?

“…A number of studies in the literature have investigated the tourism-emission nexus (Raza et al 2017;Sharif et al 2017;Zaman et al 2017;Bilgili et al 2017). While several others have been conducted on tourism-energy use nexus (De Vita et al 2015;Dogan et al 2015), while yet some have focused on tourism-economic growth link (Cortes-Jimenez and Pulina 2010; Seetanah 2011; Nissan et al 2011;Caglayan et al 2012;Aslan 2015) and some on tourism and economic policy relationship (Chen et al 2017;Chew and Jahari 2014;Morakabati and Kapuściński 2016;Wang 2009;Karl et al 2017;Saha and Yap 2014;Ongan and Gozgor 2017) However, this study differs by introducing economic policy uncertainty as a variable into a model with tourism, economic growth, and energy use as determinants of environmental quality. Also important is that our study uses ecological footprints instead of CO 2 so as to present some newness different from other studies on tourism-energy-emission nexus.…”

Tourism Entrepreneurship – Review and Future Directions

“…Further examination shows that among the qualitative articles, the number of comparative case studies appears to have grown the recent years (e.g. Carlisle, Kunc, Jones, & Tiffin, 2013;Johns & Mattsson, 2005;Nissan, Galindo, & Méndez, 2011;Sundbo et al, 2007;Woodside, 2006). Another trend is the use of multiple sources of data and the combination of methods (e.g.…”

Modelling Causal Relationships Among Tourism, Energy, Co2 Emissions and Economic Growth

“…These authors suggest a bidirecational causal relationship between tourism sector and economic growth. Nissan et al (2011) aimed to determine whether or not the tourism sector contributes to the economic growth. The results of this paper suggest that the revenue from tourism sector is of great importance to finance the real sector activities.…”