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dc.contributor.authorSchubert SF
dc.contributor.authorBrida JG
dc.contributor.authorRisso WA
dc.contributor.editor
dc.date.accessioned2019-05-20T13:27:12Z
dc.date.available2019-05-20T13:27:12Z
dc.date.issued2011
dc.identifier.issn0261-5177
dc.identifier.urihttp://dx.doi.org/10.1016/j.tourman.2010.03.007
dc.identifier.urihttps://www.sciencedirect.com/science/article/pii/S0261517710000543
dc.identifier.urihttp://hdl.handle.net/10863/9757
dc.description.abstractThis paper studies the impacts on economic growth of a small tourism-driven economy caused by an increase in the growth rate of international tourism demand. We present a formal model and empirical evidence. The ingredients of the dynamic model are a large population of intertemporally optimizing agents and an AK technology representing tourism production. The model shows that an increase in the growth of tourism demand leads to transitional dynamics with gradually increasing economic growth and increasing terms of trade. In our empirical application, an econometric methodology is applied to annual data of Antigua and Barbuda from 1970 to 2008. We perform a cointegration analysis to look for the existence of a long-run relationship among variables of economic growth, international tourism earnings and the real exchange rate. The exercise confirms the theoretical findings.en_US
dc.languageEnglish
dc.language.isoenen_US
dc.relation
dc.rights
dc.titleThe impacts of international tourism demand on economic growth of small economies dependent on tourismen_US
dc.typeArticleen_US
dc.date.updated2019-02-18T13:18:15Z
dc.publication.title
dc.language.isiEN-GB
dc.journal.titleTourism Management
dc.description.fulltextreserveden_US


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