IDEAS home Printed from https://ideas.repec.org/a/sae/toueco/v12y2006i4p603-617.html
   My bibliography  Save this article

Income and Expenditure in the Tourism Industry: Time Series Evidence from Cyprus

Author

Listed:
  • Charalambos Louca

    (Head of Business Department and Director of Research Department, Americanos College, Eleftheria Square, PO Box 22425, 1521 Nicosia, Cyprus)

Abstract

This study empirically examines the existence and nature of long-run relationships between, on the one hand, income derived from the tourism industry in Cyprus and tourist arrivals, and, on the other hand, three categories of supply-side expenditure – transport and communication, hotels and restaurants, and advertising and promotion. The results suggest the existence of positive long-run relationships between income derived from the tourism industry and two categories of expenditure (hotels and restaurants and advertising and promotion), with causality running both ways. Causality running both ways is also observable between tourist arrivals and hotels and restaurants. This leads to the conclusion that the expenditure policy followed by the tourism industry in Cyprus during 1975–2001 has been rather effective.

Suggested Citation

  • Charalambos Louca, 2006. "Income and Expenditure in the Tourism Industry: Time Series Evidence from Cyprus," Tourism Economics, , vol. 12(4), pages 603-617, December.
    • Handle: RePEc:sae:toueco:v:12:y:2006:i:4:p:603-617
    DOI: 10.5367/000000006779319963
    as

    Download full text from publisher

    File URL: https://journals.sagepub.com/doi/10.5367/000000006779319963
    Download Restriction: no
    File URL: https://libkey.io/10.5367/000000006779319963?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Aschauer, David Alan, 1989. "Is public expenditure productive?," Journal of Monetary Economics, Elsevier, vol. 23(2), pages 177-200, March.
    2. Ram, Rati, 1986. "Government Size and Economic Growth: A New Framework and Some Evidencefrom Cross-Section and Time-Series Data," American Economic Review, American Economic Association, vol. 76(1), pages 191-203, March.
    3. Blinder, Alan S. & Solow, Robert M., 1973. "Does fiscal policy matter?," Journal of Public Economics, Elsevier, vol. 2(4), pages 319-337.
    4. Armstrong, H W & Read, R, 2000. "Comparing the Economic Performance of Dependent Territories and Sovereign Microstates," Economic Development and Cultural Change, University of Chicago Press, vol. 48(2), pages 285-306, January.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Martinez-Vazquez, Jorge & McNab, Robert M., 2003. "Fiscal Decentralization and Economic Growth," World Development, Elsevier, vol. 31(9), pages 1597-1616, September.
    2. INCEU Adrian Mihai & ZAI Paul, 2012. "Budget Revenues In Eu-27," Revista Economica, Lucian Blaga University of Sibiu, Faculty of Economic Sciences, vol. 0(4), pages 342-351.
    3. AVRAM Veronel & TOGOE Greti Daniela, 2012. "Considerations Regarding The Patrimonial Inventory In The Spirit Of European Acconting Regulations," Revista Economica, Lucian Blaga University of Sibiu, Faculty of Economic Sciences, vol. 0(4), pages 3-7.
    4. Kalle Kukk, 2007. "Fiscal Policy Effects on Economic Growth: Short Run vs Long Run," Working Papers 167, Tallinn School of Economics and Business Administration, Tallinn University of Technology.
    5. DUMITRESCU Serju & AVRAM Marioara, 2012. "Views Regarding The Organization Of The Activities Relatedto The Prevention And Combat Against Money Laundering," Revista Economica, Lucian Blaga University of Sibiu, Faculty of Economic Sciences, vol. 0(4), pages 238-244.
    6. Kaminsky, Graciela L. & Pereira, Alfredo, 1996. "The debt crisis: lessons of the 1980s for the 1990s," Journal of Development Economics, Elsevier, vol. 50(1), pages 1-24, June.
    7. MOSCALU Maricica, 2012. "Business Failure Prediction For Romanian Smes Using Multivariate Discriminant Analysis," Revista Economica, Lucian Blaga University of Sibiu, Faculty of Economic Sciences, vol. 0(4), pages 457-466.
    8. ZUGRAVU Bogdan-Gabriel & SAVA Anca-Stefania, 2012. "Public Expenditures Impact On Economic Growth: Evidences For Romania," Revista Economica, Lucian Blaga University of Sibiu, Faculty of Economic Sciences, vol. 0(4), pages 665-671.
    9. BECA Marusa & SERBAN Elena Claudia, 2012. "The Connection Between The Lump-Sum Tax And The Smes Turnover In Romania," Revista Economica, Lucian Blaga University of Sibiu, Faculty of Economic Sciences, vol. 0(4), pages 32-39.
    10. ILUT Bogdan & POTLOG Dorian, 2012. "Developments In The Banking Integration Process: Evidence From The New Eu Member States," Revista Economica, Lucian Blaga University of Sibiu, Faculty of Economic Sciences, vol. 0(4), pages 335-341.
    11. Rivera, Berta & Currais, Luis, 2004. "Public Health Capital and Productivity in the Spanish Regions: A Dynamic Panel Data Model," World Development, Elsevier, vol. 32(5), pages 871-885, May.
    12. Tamoya Christie, 2014. "The Effect Of Government Spending On Economic Growth: Testing The Non-Linear Hypothesis," Bulletin of Economic Research, Wiley Blackwell, vol. 66(2), pages 183-204, April.
    13. BALTES Nicolae & CIUHUREANU Alina Teodora, 2012. "Financial Performance Indicators For Evaluation Of Listed Companies," Revista Economica, Lucian Blaga University of Sibiu, Faculty of Economic Sciences, vol. 0(4), pages 8-15.
    14. Pula Leke & Elshani Alban, 2018. "The Relationship Between Public Expenditure and Economic Growth in Kosovo: Findings from a Johansen Co-Integrated Test and a Granger Causality Test," Ekonomika (Economics), Sciendo, vol. 97(1), pages 47-62, January.
    15. CSEGEDI Sandor & BATRANCEA Ioan & TODEA Angela, 2012. "Study On Liquidity In Romanian Companies," Revista Economica, Lucian Blaga University of Sibiu, Faculty of Economic Sciences, vol. 0(4), pages 190-194.
    16. Matti Virén & Erkki Koskela, 2000. "Is there a Laffer curve between aggregate output and public sector employment?," Empirical Economics, Springer, vol. 25(4), pages 605-621.
    17. JUCAN Cornel Nicolae & DOLF BAIER Mihaela Sabina, 2012. "The Strategic Alignment Between Knowledge Strategy And Information System Strategy In The Banking Sector," Revista Economica, Lucian Blaga University of Sibiu, Faculty of Economic Sciences, vol. 0(4), pages 379-386.
    18. Lau, Sau-Him Paul, 1995. "Welfare-maximizing vs. growth-maximizing shares of government investment and consumption," Economics Letters, Elsevier, vol. 47(3-4), pages 351-359, March.
    19. SABOU Felicia, 2012. "The Managerial Accounting - A Way Of Performing Financial Management In Romanian Small And Medium-Sized Enterprises," Revista Economica, Lucian Blaga University of Sibiu, Faculty of Economic Sciences, vol. 0(4), pages 561-565.
    20. Richard Kneller & Norman Gemmell, 2002. "Fiscal Policy, Growth and Convergence in Europe," European Economy Group Working Papers 14, European Economy Group.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:sae:toueco:v:12:y:2006:i:4:p:603-617. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: SAGE Publications (email available below). General contact details of provider: .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.