Tourism and Long-run Economic Growth in Aruba
Abbreviated Journal Title
Int. J. Tour. Res.
Aruba; tourism development; economic growth; co-integration; Granger; causality; TIME-SERIES; UNIT-ROOT; HYPOTHESIS; COINTEGRATION; CAUSALITY; COUNTRIES; MALAYSIA; TURKEY; WORLD; Hospitality, Leisure, Sport & Tourism
This study examines the long-run relationship between tourism development and economic growth in a small island destination. Determining whether the nature of the relationship is unidirectional or bidirectional provides insightful information as to policies to be implemented. This information is crucial in a resource-poor environment, such as a small island destination. The study employs an econometric methodology consisting of unit root testing, co-integration analysis, vector error correction modeling and Granger causality testing. Results confirm the reciprocal hypothesis. The policy implication is that resource allocation supporting both the tourism and tourism-related industries could benefit both tourism development and economic growth. Copyright (c) 2013 John Wiley & Sons, Ltd.
International Journal of Tourism Research
"Tourism and Long-run Economic Growth in Aruba" (2014). Faculty Bibliography 2010s. 5999.