Does Tourism Influence Economic Growth? A Dynamic Panel Data Approach

Tiago Neves Sequeira (1, 2) , Paulo Maças Nunes (3)

1 Business and Economics Department
2 INOVA, Faculdade de Economia
3 Business and Economics Department

On Average, tourism-specialized countries grow more than others. This is not consistent with the core of modern economic growth theory that suggests that economic growth is linked to sectors with high-tech intensity and large scale. In this paper, we use appropriate panel data methods to study the relationship between tourism and economic growth. In general we show that tourism is a positive determinant of economic growth both in a broad sample of countries and in a sample of poor countries. However, contrary to previous contributions, tourism is not more relevant in small countries than in a general sample.

Mots clés: Social Sciences & Humanities

Tiago Neves Sequeira, Paulo Maças Nunes. Does Tourism Influence Economic Growth? A Dynamic Panel Data Approach. Applied Economics, 2008, 40 (18), pp.2431-2441. ⟨10.1080/00036840600949520⟩. ⟨hal-00582135⟩