Tourism and economic development: The beach disease?

Tourism Management

Volumn 32, Issue 4, 2011, Pages 922-933

  Holzner, Mario ^a  

^a The Vienna Institute for International Economic Studies   (Austria)

Author keywords

Dutch disease; Economic development; Tourism

Indexed keywords

DATA SET; DISEASE PREVALENCE; ECONOMIC DEVELOPMENT; ECONOMIC GROWTH; EMPIRICAL ANALYSIS; GROSS DOMESTIC PRODUCT; NONLINEARITY; TOURISM DEVELOPMENT; TRANSPORTATION INFRASTRUCTURE;

EID: 84860687003     PISSN: None     EISSN: 02615177     Source Type: Journal    
DOI: 10.1016/j.tourman.2010.08.007     Document Type: Article

References (55)

1. Arellano, M., & Bover, O. (1995). Another look at the instrumental variable estimation of error-components models. Journal of Econometrics, 68(1), 29-51.
2. Balaguer, J., & Cantavella-Jorda, M. (2002). Tourism as a long-run economic growth factor the Spanish case. Applied Economics. 34(7), 877-884.
3. Baltagi. B. H., & Kao, C. (2000). Nonstationary panels, cointegration in panels and dynamic panels: a survey. Center for Policy Research working paper, 16.
4. Barro, R. (1991). Economic growth in a cross-section of countries. Quarterly Journal of Economics. 106(2), 407-443.
5. Barro, R., & Sala-i-Martin, X. (1995). Economic growth. New York: McGraw-Hill.
6. Blundell, R., & Bond, S. (1998). Initial conditions and moment restrictions in dynamic panel data models. Journal of Econometrics. 87, 115-143.
7. Brau, R., Lanza, A., & Pigliaru, F. (2007). How fast are small tourism countries growing? Evidence from the data for 1980-2003. Tourism Economics, 13(4), 603-613.
8. Candela, C., & Cellini, R. (1997). Countries' size, consumers' preferences and specialization in tourism: a note. Rivista Intemazionale di Scienze Economiche e Commerciali, 44(2), 451-457.
9. Canning, D., & Bennathan, E (2000). The social rate of return on infrastructure investments. The World Bank Policy Research working paper, 2390.
10. Capó, J., Font, A. R., & Nadal, J. R. (2007). Dutch disease in tourism economies: evidence from the Balearics and the Canary Islands. Journal of Sustainable Tourism, 15(6), 615-627.
11. Carrera, E. J. S., Brida, J. C., & Risso, W. A. (2007). Tourism impact in the long-run Mexican. Economic growth. Economics Bulletin, 3(21), 1-8.
12. Chao, C.-C., Hazari, B. R., Laffargue, J.-P., Sgro, P. M., & Yu, E. S. H. (2006). Tourism, Dutch disease and welfare in an open dynamic economy. The Japanese Economic Review. 57(4), 501-515.
13. Chen, C.-F., & Chiou-Wei, S. Z. (2008). Tourism expansion, tourism uncertainty and economic growth: new evidence from Taiwan and Korea. Tourism Management, 30, 812-818.
14. Choi, I. (2001). Unit root tests for panel data. Journal of International Money and Finance, 20, 249-272.
15. Copeland, B. (1991). Tourism, welfare and de-industrialization in a small open economy. Economica, 58, 515-529.
16. Corden, W. M. (1984). Booming sector and Dutch disease economics: survey and consolidation. Oxford Economic Papers, 36, 359-380.
17. Corden, W. M., & Neary, J. P. (1982). Booming sector and de-industrialisation in a small open economy. The Economic Journal, 92, 825-848.
18. Dollar, D. (1992). Outward-oriented developing economies really do grow more rapidly: evidence from 95 LDCs, 1976-1985. Economic Development and Cultural Change. 40(3), 523-544.
19. Dritsakis, N. (2004). Tourism as a long-run economic growth factor: an empirical investigation for Greece using causality analysis. Tourism Economics, 10(3), 305-316.
20. Durbarry, R. (2004). Tourism and economic growth: the case of Mauritius. Tourism Economics, 10(4), 389-401.
21. Easterly, W. R. (June 2001). Global Development Network Growth Database. The World Bank.
22. Eugenio-Martin, J. L., Morales, N. M., & Scarpa, R. (2004). Tourism and economic growth in Latin American countries: a panel data approach. FEEM Nota di Lavoro, 26.2004.
23. Fayissa, B., Nsiah, C & Tadasse, B. (2008). Impact of tourism on economic growth and development in Africa. Tourism Economics, 14(4), 807-818.
24. Gunduz, L., & Hatemi-J. A. (2005). Is the tourism-led growth hypothesis valid for Turkey? Applied Economics Letters, 12(8), 499-504.
25. Gylfason, T. (2001). Natural resources, education, and economic development. European Economic Review, 45, 847-859.
26. Heston, A., Summers, R., & Aten, B. (August 2009). Penn world table. Version 6.3. Center for International Comparisons at the University of Pennsylvania (CICUP).
27. Katircioglu, S. (2009a). Tourism, trade and growth: the case of Cyprus. Applied Economics, 41, 2741-2750, 19-21.
28. Katircioglu, S. (2009b). Testing the tourism-led growth hypothesis: the case of Malta. Acta Oeconomica, 59(3), 331-343.
29. Khalil, S., Kakar, M. K., & Waliullah. (2007). Role of tourism in economic growth: empirical evidence from Pakistan economy. Pakistan Development Review, 46 (4). 985-994.
30. Kim. H. J., Chen, M. H., & Jang, S. (2006). Tourism expansion and economic development: the case of Taiwan. Tourism Management. 27(5), 925-933.
31. Lanza, A., & Pigliaru, F. (1994). The tourist sector in the open economy. Rivista Internationale di Scienze Economiche e Commerciali, 41(1), 15-28.
32. Lanza, A., & Pigliaru, F. (2000a). Tourism and economic growth: does country's size matter? Rivista Internazionale di Scienze Economiche e Commerciali, 47, 77-85.
33. Lanza, A., & Pigliaru, F. (2000b). Why are tourism countries small and fast-growing? In A. Fossati, & G. Panella (Eds.), Tourism and sustainable economic development (pp. 57-69) Dordrecht: Kluwer Academic Publisher.
34. Lanza, A., Temple, P., & Urga, C. (2003). The implications of tourism specialisation in the long run: an econometric analysis for 13 OECD economies. Tourism Management, 24, 315-321.
35. Lee, C.-C., & Chang. C.-P. (2008). Tourism development and economic growth: a closer look at panels. Tourism Management, 29, 180-192.
36. Lee, C. G. (2008). Tourism and economic growth: the case of Singapore. Regional and Sectoral Economic Studies, 8(1), 89-98.
37. Levine, R., & Renelt, D. (1992). A sensitivity analysis of cross-country growth regressions. American Economic Review, 82(4), 942-963.
38. Lucas, R. F., (1988). On the mechanics of economic development Journal of Monetary Economics. 22, 3-42.
39. Mo, P. H. (2000). Income inequality and economic growth. Kyklos, 53, 293-316.
40. Mo, P. H. (2001). Corruption and economic growth. Journal of Comparative Economics, 29, 66-79.
41. Modeste, N. C. (1995). The impact of growth in the tourism sector on economic development: the experience of selected Caribbean countries. Economic Internazionale, XLVIII (3), 375-384.
42. Narayan, P. K. (2004). Economic impact of tourism on Fiji's economy: empirical evidence from the computable general equilibrium model. Tourism Economics, 10(4), 419-433.
43. Narayan, P. K., & Prasad, B. C (2003). Does tourism granger causes economic growth in Fiji? Empirical Economics Letters, 2 (5). 199-208.
44. Nowak. J., Sahli, M., & Sgro, P. M. (2003). Tourism, trade and domestic welfare. Pacific Economic Review, 8 (3). 245-258.
45. Oh, C (2005). The contribution of tourism development to economic growth in the Korean economy. Tourism Management, 26, 39-44.
46. Ongan, S., & Demiroz, D. (2005). The contribution of tourism to the long-run Turkish economic growth. Ekonomicky Casopis/Journal of Economics, 53(9), 880-894.
47. Papyrakis, E., & Gerlagh, R. (2004). The resource curse hypothesis and its transmission channels. Journal of Comparative Economics, 32, 181-193.
48. Papyrakis, E., & Gerlagh, R. (2007). Resource abundance and economic growth in the United States. European Economic Review, 51, 1011-1039.
49. Proenca, S., & Soukiazis, E. (2008). Tourism as an economic growth factor: a case study for Southern European countries. Tourism Economics, 14(4), 791-806.
50. Romer, D. (1996). Advanced macroeconomics. New York: McGraw-Hill.
51. Sachs, J. D., & Warner, A. M. (2001). Natural resources and economic development: the curse of natural resources. European Economic Review, 45, 827-838.
52. Schumpeter, J. A. (1912). The theory of economic development (R. Opie, Trans.). Cambridge, MA: Harvard University Press. 1949, first German edition in 1912.
53. Schumpeter, J. A. (1939). Business cycles, J. New York: McGraw-Hill.
54. Sequeira, T. N., & Nunes, P. M. (2008). Does tourism influence economic growth? A dynamic panel data approach. Applied Economics, 40, 2431-2441.
55. van Wijnbergen, S. (1984). The Dutch disease: a disease after all? The Economic Journal, 94, 41-55.