The asymmetric impact of air transport on economic growth in Spain: fresh evidence from the tourism-led growth hypothesis

Authors: Balsalobre-Lorente, D., Driha, O.M., Bekun, F.V. and Adedoyin, F.F.

Journal: Current Issues in Tourism

Volume: 24

Issue: 4

Pages: 503-519

ISSN: 1368-3500

DOI: 10.1080/13683500.2020.1720624

Abstract:

The tourism sector has emerged as an essential driver for economic growth strategies during the last decades. An asymmetric long-run effect of air transport on economic growth is validated assuming a process of social globalization in Spain between 1970 and 2015. To achieve the study’s objective, the recent asymmetric autoregressive distributed lag methodology framework advanced by Shin, Yu, and Greenwood-Nimmo (2014) is applied. For determining the causality direction, this methodology is applied in conjunction with the non-parametric causality test proposed by Diks and Panchenko (2006). The current study also accounts for the effects of renewable energy use and urbanization process over economic growth. Empirical results showed that air transport, urbanization process and social globalization exert positive and significant implications over economic growth, while renewable energy use reduces economic growth, as consequence of an energy mix sustained by fossil sources. Based on these outcomes several policy recommendations were offered in the concluding section.

http://eprints.bournemouth.ac.uk/33349/

Source: Scopus

The asymmetric impact of air transport on economic growth in Spain: fresh evidence from the tourism-led growth hypothesis

Authors: Balsalobre-Lorente, D., Driha, O.M., Bekun, F.V. and Adedoyin, F.F.

Journal: CURRENT ISSUES IN TOURISM

Volume: 24

Issue: 4

Pages: 503-519

eISSN: 1747-7603

ISSN: 1368-3500

DOI: 10.1080/13683500.2020.1720624

http://eprints.bournemouth.ac.uk/33349/

Source: Web of Science (Lite)

The asymmetric impact of air transport on economic growth in Spain: fresh evidence from the tourism-led growth hypothesis

Authors: Balsalobre-Lorente, D., Driha, O.M., Bekun, F.V. and Adedoyin, F.F.

Journal: Current Issues in Tourism

Volume: 24

Pages: 503-519

DOI: 10.1080/13683500.2020.1720624

http://eprints.bournemouth.ac.uk/33349/

https://www.scopus.com/inward/record.uri?eid=2-s2.0-85078940487&doi=10.1080%2f13683500.2020.1720624&partnerID=40&md5=9095f64dcaed257a4f196888143a1874

Source: Manual

The asymmetric impact of air transport on economic growth in Spain: fresh evidence from the tourism-led growth hypothesis.

Authors: Balsalobre-Lorente, D., Driha, O.M., Bekun, F.V. and Adedoyin, F.

Journal: Current Issues in Tourism

Volume: 24

Issue: 4

Pages: 503-519

ISSN: 1368-3500

Abstract:

The tourism sector has emerged as an essential driver for economic growth strategies during the last decades. An asymmetric long-run effect of air transport on economic growth is validated assuming a process of social globalization in Spain between 1970 and 2015. To achieve the study’s objective, the recent asymmetric autoregressive distributed lag methodology framework advanced by Shin, Yu, and Greenwood-Nimmo (2014) is applied. For determining the causality direction, this methodology is applied in conjunction with the non-parametric causality test proposed by Diks and Panchenko (2006). The current study also accounts for the effects of renewable energy use and urbanization process over economic growth. Empirical results showed that air transport, urbanization process and social globalization exert positive and significant implications over economic growth, while renewable energy use reduces economic growth, as a consequence of an energy mix sustained by fossil sources. Based on these outcomes several policy recommendations were offered in the concluding section.

http://eprints.bournemouth.ac.uk/33349/

Source: BURO EPrints