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
Thema
tourism
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

Datenpartner

Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.

Objekttyp

  • Arbeitspapier

Beteiligte

  • Holzner, Mario
  • The Vienna Institute for International Economic Studies (wiiw)

Entstanden

  • 2010

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