Arbeitspapier
Tourism and Economic Development: the Beach Disease?
This paper analyses empirically the danger of a Dutch Disease Effect in tourism-dependent countries in the long run. Data on 134 countries of the world over the period 1970-2007 is used. In a first step the long-run relationship between tourism and economic growth is analysed in a cross-country setting. The results are then checked in a panel data framework on GDP per capita levels that allows to control for reverse causality, non-linearity and interactive effects. It is found that there is no danger of a Beach Disease Effect. On the contrary, tourism-dependent countries do not face real exchange rate distortion and deindustrialization but higher than average economic growth rates. Investment in physical capital, such as transport infrastructure, is complementary to investment in tourism.
- Sprache
-
Englisch
- Erschienen in
-
Series: wiiw Working Paper ; No. 66
Klassifikation
Wirtschaft
Economic Growth of Open Economies
Sports; Gambling; Restaurants; Recreation; Tourism
Industrialization; Manufacturing and Service Industries; Choice of Technology
Economic Growth of Open Economies
Sports; Gambling; Restaurants; Recreation; Tourism
Industrialization; Manufacturing and Service Industries; Choice of Technology
Thema
tourism
Dutch Disease
economic development
Dutch Disease
economic development
Ereignis
Geistige Schöpfung
(wer)
Holzner, Mario
Ereignis
Veröffentlichung
(wer)
The Vienna Institute for International Economic Studies (wiiw)
(wo)
Vienna
(wann)
2010
- Handle
- Letzte Aktualisierung
-
20.09.2024, 08:22 MESZ
Objekttyp
- Arbeitspapier
Beteiligte
- Holzner, Mario
- The Vienna Institute for International Economic Studies (wiiw)
Entstanden
- 2010
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