Is the tourism-led growth hypothesis valid after the global economic and financial crisis? The case of Spain 1957–2014
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Title: | Is the tourism-led growth hypothesis valid after the global economic and financial crisis? The case of Spain 1957–2014 |
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Authors: | Perles Ribes, José Francisco | Ramón-Rodríguez, Ana B. | Rubia, Antonio | Moreno-Izquierdo, Luis |
Research Group/s: | Economía del Turismo, Recursos Naturales y Nuevas Tecnologías (INNATUR) | Internacionalización de la Empresa y Comercio Exterior | Finanzas de Mercado y Econometría Financiera |
Center, Department or Service: | Universidad de Alicante. Departamento de Análisis Económico Aplicado | Universidad de Alicante. Departamento de Economía Financiera y Contabilidad |
Keywords: | Tourism-led growth hypothesis | Spain | Granger causality | Bounds testing | Toda-Yamamoto procedure |
Knowledge Area: | Economía Aplicada | Economía Financiera y Contabilidad |
Issue Date: | Aug-2017 |
Publisher: | Elsevier |
Citation: | Tourism Management. 2017, 61: 96-109. doi:10.1016/j.tourman.2017.01.003 |
Abstract: | Since the first paper on the subject was published in 2002, the tourism-led growth hypothesis (TLGH) has constituted one of the most predominant topics in tourism literature. Spain is a leading country in the tourism industry and one where this hypothesis has been tested with several studies confirming the relationship between Spain's tourism development and its economic growth. However, the existing studies for Spain do not take into account recent turbulences such as the Global Financial and Economic Crisis and the Arab Spring uprisings that have shocked tourism markets. This paper re-examines the TLGH for the Spanish case in the light of these events in order to investigate the robustness of the relationship between tourism and economic growth. |
Sponsor: | Financial support from ECO2014-58434-P project is gratefully acknowledged. |
URI: | http://hdl.handle.net/10045/66492 |
ISSN: | 0261-5177 (Print) | 1879-3193 (Online) |
DOI: | 10.1016/j.tourman.2017.01.003 |
Language: | eng |
Type: | info:eu-repo/semantics/article |
Rights: | © 2017 Elsevier Ltd. |
Peer Review: | si |
Publisher version: | http://dx.doi.org/10.1016/j.tourman.2017.01.003 |
Appears in Collections: | INV - Internacionalización de la Empresa y Comercio Exterior - Artículos de Revistas INV - Finanzas de Mercado y Econometría Financiera - Artículos de Revistas INV - INNATUR - Artículos de Revistas INV - ECO-IA - Artículos de Revistas |
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File | Description | Size | Format | |
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2017_Perles_etal_TourMan_final.pdf | Versión final (acceso restringido) | 2,35 MB | Adobe PDF | Open Request a copy |
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