Contents of the volume

2021, Volume 74 - Issue 3

ISSN: 2499-8265
RSS feed citation: At RePEc
Publication date: 30 August 2021

TOURISM AND GROWTH: SOME ISSUES

Elena Seghezza

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THE ROLE OF GENOESE ECONOMISTS IN THE INTRODUCTION OF KEYNESIAN THOUGHT IN ITALY

Giuseppe Mastromatteo

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TESTING FOR THE TOURISM LED ECONOMIC GROWTH HYPOTHESIS IN SWEDEN WITH STRUCTURAL BREAKS

Abdulnasser Hatemi-J, Per-Ola Maneschiöld

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A SYSTEM EQUATION MODEL FOR TOURISM AND ECONOMIC GROWTH

Antonios Adamopoulos

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DETERMINANTS OF TOURISM DEVELOPMENT: EMPIRICAL EVIDENCE FROM THREE DEVELOPING COUNTRIES

Sheilla Nyasha, Nicholas M. Odhiambo

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A MULTIVARIATE LOGIT FOR PROPENSITY TO CHOOSE PACKAGE TOUR OVER INDEPENDENT TRAVEL

Christer Thrane, Antonio Menezes , Ainura Uzagalieva

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Genoa Chamber of Commerce
Economia Internazionale / International Economics

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Corresponding author

Abdulnasser HATEMI-J, Department of Accounting and Finance, College of Business and Economics, UAE University, Al Ain, The United Arab Emirates

Co-authors

Per-Ola MANESCHIöLD, Department of Business, Karlstad University, Karlstad, Sweden

Testing for the Tourism Led Economic Growth Hypothesis in Sweden with Structural Breaks

Pages

293-310

Abstract

Many emerging as well as frontier markets have promoted tourism for achieving economic growth. This paper investigates empirically the impact of tourism receipts on the economic performance in Sweden.  The results of tests for cointegration reveal that there is a long run relationship between the underlying variables if the effect of two unknown structural breaks are accounted for. The elasticity of the GDP with regard to revenue from tourism is around 0.99, which decreases during 1973-1977 but increases during 1978-2017.  The result from the bootstrap causality test also shows that the tourism-led growth hypothesis is empirically supported in the case of Sweden.

 

 

JEL classification

C32, E01, F43

Keywords

Tourism Receipts, Economic Growth, Sweden, Structural Breaks, Bootstrap Causality Test

Index

  1. Introduction
  2. Brief literature review
  3. Methodology
  4. Empirical findings
  5. Conclusions

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