Does tourism cause growth asymmetrically in a panel of G-7 countries? A short note

Abdulnasser Hatemi-J, Rangan Gupta, Axel Kasongo, Thabo Mboweni, Ndivhuho Netshitenzhe

    Research output: Contribution to journalArticlepeer-review

    13 Citations (Scopus)

    Abstract

    We analyse whether tourism (measured by real tourism receipts) causes growth in an asymmetric fashion in a panel of G-7 countries over the period of 1995–2014. Our results reveal that the tourism-led growth hypothesis holds for France, Germany, and the US, with negative tourism shocks being more important for Germany, Italy, Japan, while positive shocks are more important in UK and the US. Our results imply that, policy makers in Germany, Italy and Japan should be more concerned when tourism receipts decline.

    Original languageEnglish
    Pages (from-to)49-57
    Number of pages9
    JournalEmpirica
    Volume45
    Issue number1
    DOIs
    Publication statusPublished - Feb 1 2018

    Keywords

    • Asymmetric panel causality test
    • Economic growth
    • Tourism receipts

    ASJC Scopus subject areas

    • Geography, Planning and Development
    • Development

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