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

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  • Antoine Belgodere

    (Università di Corsica Pasquale Paoli [Université de Corse Pascal Paoli] - Partenaires INRAE, LISA - Lieux, Identités, eSpaces, Activités - UPP - Université Pascal Paoli - CNRS - Centre National de la Recherche Scientifique)

  • Sauveur Giannoni

    (Università di Corsica Pasquale Paoli [Université de Corse Pascal Paoli] - Partenaires INRAE, LISA - Lieux, Identités, eSpaces, Activités - UPP - Université Pascal Paoli - CNRS - Centre National de la Recherche Scientifique)

  • Sandrine Noblet

    (Università di Corsica Pasquale Paoli [Université de Corse Pascal Paoli] - Partenaires INRAE, LISA - Lieux, Identités, eSpaces, Activités - UPP - Université Pascal Paoli - CNRS - Centre National de la Recherche Scientifique)

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, 2021. "Are good institutions required to import economic growth? The case of tourism," Post-Print hal-04654445, HAL.
    • Handle: RePEc:hal:journl:hal-04654445
    DOI: 10.1177/13548166211024806
    Note: View the original document on HAL open archive server: https://hal.science/hal-04654445
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    References listed on IDEAS

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