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Tourism–growth nexus and spatial spillovers: Evidence from Greece

Author

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  • Konstantinos Eleftheriou

    (University of Piraeus, Greece)

  • Evangelos Sambracos

    (University of Piraeus, Greece)

Abstract

In this research note, we reconsider the tourism–growth nexus by accounting for spillover effects between regional tourism development and regional economic growth. For this purpose, we utilize spatial panel econometric techniques to measure the above effects in 49 Greek prefectures during the period 2010–2014. Our findings indicate strong short-run and long-run spillover effects, suggesting that policymakers should consider regional tourism development as a key factor for boosting national economic growth.

Suggested Citation

  • Konstantinos Eleftheriou & Evangelos Sambracos, 2019. "Tourism–growth nexus and spatial spillovers: Evidence from Greece," Tourism Economics, , vol. 25(2), pages 297-302, March.
    • Handle: RePEc:sae:toueco:v:25:y:2019:i:2:p:297-302
    DOI: 10.1177/1354816618812565
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    References listed on IDEAS

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    4. Liu, Jingjing & Nijkamp, Peter & Lin, Derong, 2017. "Urban-rural imbalance and Tourism-Led Growth in China," Annals of Tourism Research, Elsevier, vol. 64(C), pages 24-36.
    5. M. Hashem Pesaran, 2021. "General diagnostic tests for cross-sectional dependence in panels," Empirical Economics, Springer, vol. 60(1), pages 13-50, January.
    6. Lee, Lung-fei & Yu, Jihai, 2010. "A Spatial Dynamic Panel Data Model With Both Time And Individual Fixed Effects," Econometric Theory, Cambridge University Press, vol. 26(2), pages 564-597, April.
    7. De Vita, Glauco & Kyaw, Khine S., 2016. "Tourism development and growth," Annals of Tourism Research, Elsevier, vol. 60(C), pages 23-26.
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    Cited by:

    1. Rui Zhang & Yuqin Sun & Jiecao Jiang, 2023. "Factors Influencing the Spatial Spillovers of the Interprovincial Tourism Economy Based on Three-dimensional Distance: Evidence From China," SAGE Open, , vol. 13(3), pages 21582440231, August.

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