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Does tourism development promote economic growth in transition countries? A panel data analysis

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  1. Nnamdi Chinwendu Nwaeze & Kingsley Ikechukwu Okere & Izuchukwu Ogbodo & Obumneke Bob Muoneke & Ifeoma Nwakaego Sandra Ngini & Samuel Uchezuike Ani, 2023. "Dynamic linkages between tourism, economic growth, trade, energy demand and carbon emission: evidence from EU," Future Business Journal, Springer, vol. 9(1), pages 1-12, December.
  2. Salahodjaev, Raufhon & Safarova, Nilufar, 2015. "Do foreign visitors reward post-communist countries? A panel evidence for tourism-growth nexus," MPRA Paper 66215, University Library of Munich, Germany.
  3. Martin Henseler & Hélène Maisonnave & Asiya Maskaeva, 2021. "Economic impacts of COVID-19 on the tourism sector in Tanzania," Working Papers hal-03501722, HAL.
  4. Naima Chrid & Sami Saafi & Mohamed Chakroun, 2021. "Export Upgrading and Economic Growth: a Panel Cointegration and Causality Analysis," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 12(2), pages 811-841, June.
  5. Blanka Skrabic Peric & Zana Vidovic, 2017. "Heterogeneous Panel Granger causality between GDP and Tourism in 11 EU members in Central and Southeastern Europe," Eastern European Business and Economics Journal, Eastern European Business and Economics Studies Centre, vol. 3(1), pages 6-27.
  6. Xing Ji & Jia Chen & Hongxiao Zhang, 2024. "Smart city construction empowers tourism: mechanism analysis and spatial spillover effects," Palgrave Communications, Palgrave Macmillan, vol. 11(1), pages 1-14, December.
  7. Dutta, Nabamita & Kar, Saibal, 2018. "Relating rule of law and budgetary allocation for tourism: Does per capita income growth make a difference for Indian states?," Economic Modelling, Elsevier, vol. 71(C), pages 263-271.
  8. Balsalobre-Lorente, Daniel & Driha, Oana M. & Sinha, Avik, 2020. "The dynamic effects of globalization process in analysing N-shaped tourism led growth hypothesis," MPRA Paper 100078, University Library of Munich, Germany.
  9. Lingaraj MALLICK & Ummalla MALLESH & Jaganath BEHERA, 2016. "Does tourism affect economic growth in Indian states? Evidence from panel ARDL model," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania / Editura Economica, vol. 0(1(606), S), pages 183-194, Spring.
  10. Muhammad Shahbaz & Ramzi Benkraiem & Anthony Miloudi & Aviral Kumar Tiwari, 2019. "Tourism-induced financial development in Malaysia: New evidence from the tourism development index," Tourism Economics, , vol. 25(5), pages 757-778, August.
  11. Mao, Luke Lunhua & Huang, Haiyan, 2016. "Social impact of Formula One Chinese Grand Prix: A comparison of local residents’ perceptions based on the intrinsic dimension," Sport Management Review, Elsevier, vol. 19(3), pages 306-318.
  12. Abdul Rehman & Hengyun Ma & Muhammad Irfan & Munir Ahmad & Ousmane Traore, 2020. "Investigating the Influence of International Tourism in Pakistan and Its Linkage to Economic Growth: Evidence From ARDL Approach," SAGE Open, , vol. 10(2), pages 21582440209, June.
  13. Daniel Francois Meyer, 2018. "An Analysis of the Impact of Economic Growth, Political Instability and Exchange Rate on Tourism Growth in South Africa," Proceedings of the 11th International RAIS Conference, November 19-20, 2018 04DM, Research Association for Interdisciplinary Studies.
  14. Sana Naseem, 2021. "The Role of Tourism in Economic Growth: Empirical Evidence from Saudi Arabia," Economies, MDPI, vol. 9(3), pages 1-12, August.
  15. Turgut Bayramoğlu & Yılmaz Onur Arı, 2015. "The relationship between tourism and economic growth in greece economy: a time series analysis," Computational Methods in Social Sciences (CMSS), "Nicolae Titulescu" University of Bucharest, Faculty of Economic Sciences, vol. 3(1), pages 89-93, June.
  16. Baresa, Suzana & Bogdan, Sinisa & Ivanovic, Zoran, 2018. "The Performance Of Minimum Variance Portfolios In The Croatian Tourism Sector," UTMS Journal of Economics, University of Tourism and Management, Skopje, Macedonia, vol. 9(1), pages 63-72.
  17. Tomáš Heryán, 2017. "Were the Czech Hotels Able to Confront Current Appreciation of the Czech Currency Before the End of the Exchange Rate Commitment?," Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis, Mendel University Press, vol. 65(6), pages 1925-1933.
  18. Konstantakopoulou, Ioanna, 2022. "Does health quality affect tourism? Evidence from system GMM estimates," Economic Analysis and Policy, Elsevier, vol. 73(C), pages 425-440.
  19. Agiomirgianakis, George & Serenis, Dimitrios & Tsounis, Nicholas, 2017. "Effective timing of tourism policy: The case of Singapore," Economic Modelling, Elsevier, vol. 60(C), pages 29-38.
  20. Gabriela Mordecki & Ana Leiva & Nathalie Desplas, 2016. "Tourism demand for Mexico and Uruguay," Documentos de Trabajo (working papers) 16-09, Instituto de Economía - IECON.
  21. Suhel & Abdul Bashir, 2018. "The role of tourism toward economic growth in the local economy," Economic Journal of Emerging Markets, Universitas Islam Indonesia, vol. 10(1), pages 32-39, April.
  22. Mohamed Chakroun & Naima Chrid & Sami Saafi, 2021. "Does export upgrading really matter to economic growth? Evidence from panel data for high‐, middle‐ and low‐income countries," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 26(4), pages 5584-5609, October.
  23. Nisar Ahmad & Angeliki N. Menegaki & Saeed Al‐Muharrami, 2020. "Systematic Literature Review Of Tourism Growth Nexus: An Overview Of The Literature And A Content Analysis Of 100 Most Influential Papers," Journal of Economic Surveys, Wiley Blackwell, vol. 34(5), pages 1068-1110, December.
  24. Azam Muhammad & Mahdiat Mahdiat & Hafeez Muhammad Haroon & Bakhtyar Baher, 2022. "Investigating the Role of Tourism in Economic Growth: Empirical Evidence from Pakistan," Polish Journal of Sport and Tourism, Sciendo, vol. 29(1), pages 39-47, March.
  25. Khan, Muhammad Tariq Iqbal & Yaseen, Muhammad Rizwan & Ali, Qamar, 2019. "Nexus between financial development, tourism, renewable energy, and greenhouse gas emission in high-income countries: A continent-wise analysis," Energy Economics, Elsevier, vol. 83(C), pages 293-310.
  26. Hongru Zhang & Yang Yang, 2019. "Prescribing for the tourism-induced Dutch disease: A DSGE analysis of subsidy policies," Tourism Economics, , vol. 25(6), pages 942-963, September.
  27. Viorica Chirilă & Gina Ionela Butnaru & Ciprian Chirilă, 2020. "Spillover Index Approach in Investigating the Linkage between International Tourism and Economic growth in Central and Eastern European Countries," Sustainability, MDPI, vol. 12(18), pages 1-36, September.
  28. Oscar Claveria, 2017. "“What really matters is the economic performance: Positioning tourist destinations by means of perceptual maps”," AQR Working Papers 201707, University of Barcelona, Regional Quantitative Analysis Group, revised Jul 2017.
  29. Wei Guo & Xin Zhang, 2022. "Regional Tourism Performance Research: Knowledge Foundation, Discipline Structure, and Academic Frontier," SAGE Open, , vol. 12(1), pages 21582440221, March.
  30. Van Truong, Nguyen & Shimizu, Tetsuo & Choi, Sunkyung, 2020. "Generating reliable tourist accommodation statistics: Bootstrapping regression model for overdispersed long-tailed data," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 6(2), pages 30-37.
  31. Oscar Claveria & Enric Monte & Salvador Torra, 2017. "“Regional tourism demand forecasting with machine learning models: Gaussian process regression vs. neural network models in a multiple-input multiple-output setting"," IREA Working Papers 201701, University of Barcelona, Research Institute of Applied Economics, revised Jan 2017.
  32. Li, Hengyun & Chen, Jason Li & Li, Gang & Goh, Carey, 2016. "Tourism and regional income inequality: Evidence from China," Annals of Tourism Research, Elsevier, vol. 58(C), pages 81-99.
  33. Kizito Uyi Ehigiamusoe, 2021. "The nexus between tourism, financial development, and economic growth: Evidence from African countries," African Development Review, African Development Bank, vol. 33(2), pages 382-396, June.
  34. Abdulkarim K. Alhowaish, 2016. "Is Tourism Development a Sustainable Economic Growth Strategy in the Long Run? Evidence from GCC Countries," Sustainability, MDPI, vol. 8(7), pages 1-10, June.
  35. Nasir Muhammad Ali & Wu Junjie & Guerrero José Calderón, 2015. "Economic Growth, Exchange Rate and Constrained Competiveness of the Tourism Sector in Andalucía," International Journal of Management and Economics, Warsaw School of Economics, Collegium of World Economy, vol. 48(1), pages 84-100, December.
  36. Romão, João, 2020. "Tourism, smart specialisation, growth, and resilience," Annals of Tourism Research, Elsevier, vol. 84(C).
  37. Abdur Rauf & Hafiz Muhammad Abubakar Siddique & Qasim Saleem & Sidra, 2020. "Terrorism and International Tourism Nexus: Evidence from Pakistan," International Journal of Economics and Financial Issues, Econjournals, vol. 10(5), pages 387-393.
  38. Rafał Kaźmierczak & Agnieszka Szczepańska & Cezary Kowalczyk & Grzegorz Grunwald & Artur Janowski, 2021. "Using AR Technology in Tourism Based on the Example of Maritime Educational Trips—A Conceptual Model," Sustainability, MDPI, vol. 13(13), pages 1-22, June.
  39. Zhang, Shun & Liu, Xuyi, 2019. "The roles of international tourism and renewable energy in environment: New evidence from Asian countries," Renewable Energy, Elsevier, vol. 139(C), pages 385-394.
  40. Uktam Umurzakov & Shakhnoza Tosheva & Raufhon Salahodjaev, 2023. "Tourism and Sustainable Economic Development: Evidence from Belt and Road Countries," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 14(1), pages 503-516, March.
  41. Antonakakis, Nikos & Dragouni, Mina & Eeckels, Bruno & Filis, George, 2015. "Tourism and economic growth revisited: Empirical evidence from a Panel VAR approach," MPRA Paper 67419, University Library of Munich, Germany.
  42. Andrzej Tucki & Korneliusz Pylak, 2021. "Collective or Individual? What Types of Tourism Reduce Economic Inequality in Peripheral Regions?," Sustainability, MDPI, vol. 13(9), pages 1-16, April.
  43. Kenneth M. K. Bengesi & Juma O. Abdalla, 2018. "Forces Driving Purchasing Behaviour of Tourists Hotels Along Tourist-Agricultural Supply Chain in Zanzibar," International Journal of Marketing Studies, Canadian Center of Science and Education, vol. 10(2), pages 36-46, June.
  44. Nunkoo, Robin, 2015. "Tourism development and trust in local government," Tourism Management, Elsevier, vol. 46(C), pages 623-634.
  45. Dong, Kangyin & Hochman, Gal & Zhang, Yaqing & Sun, Renjin & Li, Hui & Liao, Hua, 2018. "CO2 emissions, economic and population growth, and renewable energy: Empirical evidence across regions," Energy Economics, Elsevier, vol. 75(C), pages 180-192.
  46. Pal, Debdatta, 2022. "Does hospitality industry stock volatility react asymmetrically to health and economic crises?," Economic Modelling, Elsevier, vol. 108(C).
  47. Silvia London & Mara Leticia Rojas & Karen Natalí Candias, 2021. "Turismo sostenible: un modelo de crecimiento con recursos naturales," Ensayos de Economía 19348, Universidad Nacional de Colombia Sede Medellín.
  48. Konstantakis, Konstantinos N. & Soklis, George & Michaelides, Panayotis G., 2017. "Tourism expenditures and crisis transmission: A general equilibrium GVAR analysis with network theory," Annals of Tourism Research, Elsevier, vol. 66(C), pages 74-94.
  49. Sauveur Giannoni & Juan Hernández & Jorge Pérez-Rodríguez, 2019. "Economic growth and market segment choice in tourism-based economies," Post-Print hal-04653583, HAL.
  50. Omer Yalcinkaya & Muhammet Dastan & Kerem Karabulut, 2018. "The Effects of International Tourism Receipts on Economic Growth- Evidence from the First 20 Highest Income Earning Countries from Tourism in the World (1996-2016)," Montenegrin Journal of Economics, Economic Laboratory for Transition Research (ELIT), vol. 14(3), pages 55-71.
  51. Dan Tan & Risa Morimoto, 2019. "Tourism as a Mechanism in Reducing Income Inequality in Developing Economies," Working Papers 230, Department of Economics, SOAS University of London, UK.
  52. Salvatore Costantino & Maria Francesca Cracolici & J. Paul Elhorst, 2023. "A spatial origin‐destination approach for the analysis of local tourism demand in Italy," Papers in Regional Science, Wiley Blackwell, vol. 102(2), pages 393-419, April.
  53. Jorge M. Andraz & Nélia M. Norte & Hugo S. Gonçalves, 2016. "Do tourism spillovers matter in regional economic analysis? An application to Portugal," Tourism Economics, , vol. 22(5), pages 939-963, October.
  54. Dimitrios Bakas & Ioanna Konstantakopoulou & Athanasios Triantafyllou, 2024. "The Tourism-led Economic Growth Hypothesis in the Euro Area: Do Asymmetries and Structural Breaks Matter?," Working Papers 20, SITES.
  55. Wanjun Xia & Buhari Doğan & Umer Shahzad & Festus Fatai Adedoyin & Abiodun Popoola & Muhammad Adnan Bashir, 2022. "An empirical investigation of tourism-led growth hypothesis in the European countries: evidence from augmented mean group estimator," Portuguese Economic Journal, Springer;Instituto Superior de Economia e Gestao, vol. 21(2), pages 239-266, May.
  56. Alina Badulescu & Daniel Badulescu & Ramona Simu?, 2018. "The Complex Relationship between International Tourism Demand and Economic Growth: An Analysis on Central and Eastern European Economies," The AMFITEATRU ECONOMIC journal, Academy of Economic Studies - Bucharest, Romania, vol. 20(S12), pages 935-935, November.
  57. Andrew Phiri, 2016. "Tourism and Economic Growth in South Africa: Evidence from Linear and Nonlinear Cointegration Frameworks," Managing Global Transitions, University of Primorska, Faculty of Management Koper, vol. 14(1 (Spring), pages 31-53.
  58. Nag, Aditi & Sarkar, Satyaki, 2024. "Integrating choice freedom, economic health, and transportation infrastructure to forecast tourism demand: A case study of Bishnupur and its alignment with sustainable development goals," Transport Policy, Elsevier, vol. 147(C), pages 198-214.
  59. Jiekuan Zhang & Yan Zhang, 2021. "Tourism, economic growth, energy consumption, and CO2 emissions in China," Tourism Economics, , vol. 27(5), pages 1060-1080, August.
  60. Waheed Ahmad & Tariq Majeed & Zubaria Andlib, 2020. "Tourism Led Growth Hypothesis: Empirical Evidence From Five South Asian Countries," Bulletin of Business and Economics (BBE), Research Foundation for Humanity (RFH), vol. 9(1), pages 51-59, March.
  61. Yang Songling & Muhammad Ishtiaq & Bui Thi Thanh, 2019. "Tourism Industry and Economic Growth Nexus in Beijing, China," Economies, MDPI, vol. 7(1), pages 1-15, March.
  62. Wang, Zhaohua & Bui, Quocviet & Zhang, Bin, 2020. "The relationship between biomass energy consumption and human development: Empirical evidence from BRICS countries," Energy, Elsevier, vol. 194(C).
  63. Liton Chandra Voumik & Md. Hasanur Rahman & Shohel Md. Nafi & Md. Akter Hossain & Abdul Rahim Ridzuan & Nora Yusma Mohamed Yusoff, 2023. "Modelling Sustainable Non-Renewable and Renewable Energy Based on the EKC Hypothesis for Africa’s Ten Most Popular Tourist Destinations," Sustainability, MDPI, vol. 15(5), pages 1-19, February.
  64. Oscar Claveria & Enric Monte & Salvador Torra, 2018. "“A regional perspective on the accuracy of machine learning forecasts of tourism demand based on data characteristics”," IREA Working Papers 201805, University of Barcelona, Research Institute of Applied Economics, revised Mar 2018.
  65. Tomohara, Akinori, 2016. "Japan's tourism-led foreign direct investment inflows: An empirical study," Economic Modelling, Elsevier, vol. 52(PB), pages 435-441.
  66. Jun Zhang & Li Cheng, 2019. "Threshold Effect of Tourism Development on Economic Growth Following a Disaster Shock: Evidence from the Wenchuan Earthquake, P.R. China," Sustainability, MDPI, vol. 11(2), pages 1-22, January.
  67. Stella Karoulia & Eleni Gaki & Stella Kostopoulou & Dimitrios Lagos, 2016. "Greek tourism sector and signs of resilience," ERSA conference papers ersa16p691, European Regional Science Association.
  68. Oscar Claveria & Enric Monte & Salvador Torra, 2016. "Modelling cross-dependencies between Spain’s regional tourism markets with an extension of the Gaussian process regression model," SERIEs: Journal of the Spanish Economic Association, Springer;Spanish Economic Association, vol. 7(3), pages 341-357, August.
  69. Yin, Hua & Du, Zaichao & Zhang, Lin, 2018. "Assessing the gains and vulnerability of free trade: A counterfactual analysis of Macau," Economic Modelling, Elsevier, vol. 70(C), pages 147-158.
  70. Fernando Sánchez López, 2019. "Unemployment and Growth in the Tourism Sector in Mexico: Revisiting the Growth-Rate Version of Okun’s Law," Economies, MDPI, vol. 7(3), pages 1-17, August.
  71. Ceyhun Can OZCAN & Murat ASLAN & Saban NAZLIOGLU, 2017. "Economic freedom, economic growth and international tourism for post-communist (transition) countries: A panel causality analysis," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania / Editura Economica, vol. 0(2(611), S), pages 75-98, Summer.
  72. İbrahim Hüseyni, & Ömer Doru, & Ahmet Tunç, 2017. "The Effects Of Tourism Revenues On Economic Growth In The Context Of Neo-Classical Growth Model: In The Case Of Turkey," EcoForum, "Stefan cel Mare" University of Suceava, Romania, Faculty of Economics and Public Administration - Economy, Business Administration and Tourism Department., vol. 6(1), pages 1-2, January.
  73. Ling Li & Jingjing Li & Ling Tang & Shouyang Wang, 2019. "Balancing Tourism’s Economic Benefit and CO 2 Emissions: An Insight from Input–Output and Tourism Satellite Account Analysis," Sustainability, MDPI, vol. 11(4), pages 1-19, February.
  74. Zoltán Lakner & Anna Kiss & Ivan Merlet & Judit Oláh & Domicián Máté & Janusz Grabara & József Popp, 2018. "Building Coalitions for a Diversified and Sustainable Tourism: Two Case Studies from Hungary," Sustainability, MDPI, vol. 10(4), pages 1-23, April.
  75. Erdoğan, Seyfettin & Gedikli, Ayfer & Cevik, Emrah Ismail & Erdoğan, Fatma, 2022. "Eco-friendly technologies, international tourism and carbon emissions: Evidence from the most visited countries," Technological Forecasting and Social Change, Elsevier, vol. 180(C).
  76. David Alaminos & Ana León-Gómez & José Ramón Sánchez-Serrano, 2020. "A DSGE-VAR Analysis for Tourism Development and Sustainable Economic Growth," Sustainability, MDPI, vol. 12(9), pages 1-22, May.
  77. Geng-Nan Chiang & Wei-Ying Sung & Wen-Guu Lei, 2017. "Regime-Switching Effect of Tourism Specialization on Economic Growth in Asia Pacific Countries," Economies, MDPI, vol. 5(3), pages 1-14, June.
  78. Tihana Škrinjarić, 2019. "Examining the Causal Relationship between Tourism and Economic Growth: Spillover Index Approach for Selected CEE and SEE Countries," Economies, MDPI, vol. 7(1), pages 1-19, March.
  79. Ghassan Dibeh & Ali Fakih & Walid Marrouch, 2020. "Tourism–growth nexus under duress: Lebanon during the Syrian crisis," Tourism Economics, , vol. 26(3), pages 353-370, May.
  80. Katarzyna Pawlewicz & Adam Senetra & Marta Gwiaździńska-Goraj & Dovilė Krupickaitė, 2020. "Differences in the Environmental, Social and Economic Development of Polish–Lithuanian Trans-Border Regions," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 147(3), pages 1015-1038, February.
  81. khanalizadeh, bahman & kakaei, hamid & daneshzad, ali, 2018. "The Effects of Hotel Development on Tourism industry: Evidence Iran," MPRA Paper 88837, University Library of Munich, Germany.
  82. Ali, Qamar & Yaseen, Muhammad Rizwan & Anwar, Sofia & Makhdum, Muhammad Sohail Amjad & Khan, Muhammad Tariq Iqbal, 2021. "The impact of tourism, renewable energy, and economic growth on ecological footprint and natural resources: A panel data analysis," Resources Policy, Elsevier, vol. 74(C).
  83. Aleksander Panasiuk & Halyna Zubrytska, 2021. "Information Support of Russian Media for the Tourist Destination of Crimea," Sustainability, MDPI, vol. 13(6), pages 1-23, March.
  84. Xia Wang & Danli Liu, 2020. "The Coupling Coordination Relationship between Tourism Competitiveness and Economic Growth of Developing Countries," Sustainability, MDPI, vol. 12(6), pages 1-18, March.
  85. Bojanic, David C. & Lo, Melody, 2016. "A comparison of the moderating effect of tourism reliance on the economic development for islands and other countries," Tourism Management, Elsevier, vol. 53(C), pages 207-214.
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