Tourism and Economic Growth: The case of Next 11 Countries
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AbstractThe aim of this paper is to analyse the relationship between tourism activity and economic growth for Next-11 countries. It is concluded that there is a long run relationship between tourist arrivals and GDP and tourism arrivals has positive effect on GDP growth in N-11 countries. We find that a unidirectional causality from economic growth to tourism is valid confirming Economic Driven Tourism Growth Hypothesis. Keywords: Tourism development; Economic growth; Causality; N-11JEL Classifications: F43; L83
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How to Cite
Kum, H., Aslan, A., & Gungor, M. (2015). Tourism and Economic Growth: The case of Next 11 Countries. International Journal of Economics and Financial Issues, 5(4), 1075–1081. Retrieved from https://www.econjournals.com/index.php/ijefi/article/view/1655