Is tourism an engine for economic recovery? Theory and empirical evidence
      
Yazarlar (2)
Tarık Doğru
Boston University, Amerika Birleşik Devletleri
Prof. Dr. Ümit BULUT Kırşehir Ahi Evran Üniversitesi, Türkiye
Makale Türü Özgün Makale (SSCI, AHCI, SCI, SCI-Exp dergilerinde yayınlanan tam makale)
Dergi Adı Tourism Management (Q1)
Dergi ISSN 0261-5177 Wos Dergi Scopus Dergi
Dergi Tarandığı Indeksler SSCI
Makale Dili İngilizce Basım Tarihi 08-2018
Cilt / Sayı / Sayfa 67 / 1 / 425–434 DOI 10.1016/j.tourman.2017.06.014
Özet
The purpose of this study is to examine the causal relationships between tourism development and economic growth. For this purpose, the Dumitrescu and Hurlin (2012) technique was employed to analyze the casual link between tourism development and economic growth in seven European countries. The results showed that there is bidirectional causality between growth in tourism receipts and economic growth, suggesting that economic growth and tourism development are interdependent and that tourism development stimulates economic growth and vice versa in these countries. Theoretical and practical implications are discussed within the realms of growth, conservation, feedback, and neutrality hypotheses.
Anahtar Kelimeler
Crisis | Economic growth | Europe | Panel causality | Tourism development