How strong is the linkage between tourism and economic growth in Europe?

This source preferred by George Filis

Authors: Antonakakis, N., Dragouni, M. and Filis, G.

http://eprints.bournemouth.ac.uk/21568/

Journal: Economic Modelling

Volume: 44

Pages: 142-155

DOI: 10.1016/j.econmod.2014.10.018

This data was imported from Scopus:

Authors: Antonakakis, N., Dragouni, M. and Filis, G.

http://eprints.bournemouth.ac.uk/21568/

Journal: Economic Modelling

Volume: 44

Pages: 142-155

ISSN: 0264-9993

DOI: 10.1016/j.econmod.2014.10.018

© 2014 Elsevier B.V. In this study, we examine the dynamic relationship between tourism growth and economic growth, using a newly introduced spillover index approach. Based on monthly data for 10 European countries over the period 1995-2012, our analysis reveals the following empirical regularities. First, the tourism-economic growth relationship is not stable over time in terms of both magnitude and direction, indicating that the tourism-led economic growth (TLEG) and the economic-driven tourism growth (EDTG) hypotheses are time-dependent. Second, the aforementioned relationship is also highly economic event-dependent, as it is influenced by the Great Recession of 2007 and the ongoing Eurozone debt crisis that began in 2010. Finally, the impact of these economic events is more pronounced in Cyprus, Greece, Portugal and Spain, which are the European countries that have witnessed the greatest economic downturn since 2009. Plausible explanations of these results are provided and policy implications are drawn.

This data was imported from Web of Science (Lite):

Authors: Antonakakis, N., Dragouni, M. and Filis, G.

http://eprints.bournemouth.ac.uk/21568/

Journal: ECONOMIC MODELLING

Volume: 44

Pages: 142-155

eISSN: 1873-6122

ISSN: 0264-9993

DOI: 10.1016/j.econmod.2014.10.018

The data on this page was last updated at 04:42 on September 24, 2017.