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Are good institutions required to import economic growth? The case of tourism

Author

Listed:
  • Antoine Belgodere

    (27009Université de Corse Pascal Paoli, France)

  • Sauveur Giannoni

    (27009Université de Corse Pascal Paoli, France)

  • Sandrine Noblet

    (27009Université de Corse Pascal Paoli, France)

Abstract

Does a country need good institutions to use tourism as an economic development activator? From a sample of non-organisation for economic co-operation and development countries, this article aims to assess the feasibility of tourism-led growth in different institutional settings. The results not only suggest that a tourism shock is good for gross domestic product growth but that inclusive institutions enhance the ability of a country to convert tourism into growth. It also emphasises that beyond tourism that remains a major transmission channel for growth, inclusive countries largely benefit from growth in their neighbouring countries. They are more able to import economic growth from abroad.

Suggested Citation

  • Antoine Belgodere & Sauveur Giannoni & Sandrine Noblet, 2022. "Are good institutions required to import economic growth? The case of tourism," Tourism Economics, , vol. 28(7), pages 1943-1955, November.
    • Handle: RePEc:sae:toueco:v:28:y:2022:i:7:p:1943-1955
    DOI: 10.1177/13548166211024806
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    Cited by:

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    3. Aurélie Corne & Sauveur Giannoni & Nicolas Peypoch, 2024. "A reexamination of inbound tourism performance," Tourism Economics, , vol. 30(7), pages 1820-1834, November.

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