Revisiting The Tourism-Led Growth Hypothesis For Barbados: A Disaggregated Market Approach

• Mahalia Jackman ^[1]
  1. [1] Central Bank of Barbados
• Localización: Estudios Economicos Regionales y Sectoriales : EERS: Regional and sectoral economic studies : RSES, ISSN 1578-4460, Vol. 12, Nº. 2, 2012, págs. 15-26
• Idioma: inglés
• Enlaces
  • Texto completo (pdf)
• Dialnet Métricas: 2 Citas
• Resumen

  • In testing the tourism-led growth hypothesis, researchers tend to use an aggregate measure of tourism - usually total tourism earnings or tourist arrivals. In contrast, this study adopts a disaggregated market approach to testing this hypothesis. The main advantage of the disaggregated approach is that it provides information on effects of specific tourism markets on growth. Results indicate that while causality from tourism to growth is found for each market over the full sample period (1975Q1 to 2010Q2), but the causal relationships are not stable.

• Referencias bibliográficas
  • Balaguer, J. and Cantavella-Jordà, M. 2002. Tourism as a long-run economic growth factor: the Spanish case. Applied Economics 34 (7): 877-884.
  • Brida, J., Risso, W.A., Zapata Aguirre, S., Such, M. Pereyra, J. 2009a Turismo y crecimiento económico: un análisis empírico de Colombia....
  • Brida, J., Risso, W., Lanzilotta, B. and Lionetti, S. 2009. The Tourism-Led-Growth Hypothesis for Uruguay. Available at SSRN: http://ssrn.com/abstract=1333102
  • Brida, J., Sanchez-Carrera, J. and Risso, W. 2008. Tourism's Impact on Long-Run Mexican Economic Growth. Economics Bulletin, 3: 1-8
  • Dritsakis, N. 2004. Tourism as a long-run economic growth factor: an empirical investigation for Greece using causality analysis. Tourism...
  • Durbarry, R. 2004. Tourism and economic growth: the case of Mauritius. Tourism Economics. 10: 389-401.
  • Granger, C. 1969. Investigating causal relations by econometric models and crossspectral methods. Econometrica. 37: 424-438
  • Gunduz, L., and Hatemi-J. 2005. Is the tourism-led growth hypothesis valid for Turkey? Applied Economics Letters 12: 499-504
  • Jackman, M., and Greenidge, K. 2010. Modelling and forecasting tourist flows to Barbados using structural time series models. Tourism and...
  • Jackman, M., and Lorde, T. 2011. An examination of economic growth and tourism in Barbados: A test of the supply-side hypothesis. Forthcoming...
  • Jackman, M., and Mayers, S. 2011. Investigating the Business Cycle Properties of Tourist Flows to Barbados. The Journal of Public Sector Policy...
  • Kaplan, M., and Tuncay, C. 2008. The Impact of Tourism on Economic Performance: The Case of Turkey. International Journal of Economics and...
  • Katircioglu, S. 2009a. Testing the Tourism-Led Growth hypothesis: The case of Malta. Acta Oeconomica 59: 331-343
  • Katircioglu, S. 2009b. Revisiting the tourism-led-growth hypothesis for Turkey using the bounds test and Johansen approach for cointegration....
  • Kim, H. J., Chen, M. and Jan, S. 2006. Tourism expansion and economic development: the case of Taiwan. Tourism Management 27(5): 925-933.
  • Louca, C. 2006. Income and expenditure in the tourism industry: time series evidence from Cyprus. Tourism Economics 12(4): 603-617.
  • Nowak, J., Sahli, M., and Cortés-Jiménez, I., 2007. Tourism, capital good imports and economic growth: theory and evidence for Spain. Tourism...
  • Narayan P. 2004. Economic impact of tourism on Fiji's economy: empirical evidence from the computable general equilibrium model. Tourism...
  • Oh, C. 2005. The contribution of tourism development to economic growth in the Korean economy. Tourism Management 26: 39-44
  • Ongan, S., and Demiroz, D. 2005. The contribution of tourism to the long-run Turkish economic growth. Ekonomický časopis. [Journal of Economics]....
  • Rambaldi, A. and Doran, H. (1996) Testing for Granger non-causality in cointegrated systems made easy, Working Papers in Econometrics and...
  • Risso, W.A., Barquet, A. and Brida, J. 2009. Causality between economic growth and tourism expansion: Empirical evidence from Trentino-Alto...
  • Sims, C., Stock, J. and Watson, M., 1990. Inference in linear time series models with some unit roots. Econometrica 58: 113-144.
  • Toda, H. and Yamamoto, T., 1995. Statistical inference in vector autoregressions with possibly integrated processes. Journal of Econometrics...
  • Worrell, D., Belgrave, A., Grosvenor, T., & Lescott, A. (2011). An Analysis of the Tourism Sector in Barbados. Economic Review, XXXVII(1),...