Title

Tourism and Long-run Economic Growth in Aruba

Authors

Authors

J. Ridderstaat; R. Croes;P. Nijkamp

Comments

Authors: contact us about adding a copy of your work at STARS@ucf.edu

Abbreviated Journal Title

Int. J. Tour. Res.

Keywords

Aruba; tourism development; economic growth; co-integration; Granger; causality; TIME-SERIES; UNIT-ROOT; HYPOTHESIS; COINTEGRATION; CAUSALITY; COUNTRIES; MALAYSIA; TURKEY; WORLD; Hospitality, Leisure, Sport & Tourism

Abstract

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.

Journal Title

International Journal of Tourism Research

Volume

16

Issue/Number

5

Publication Date

1-1-2014

Document Type

Article

Language

English

First Page

472

Last Page

487

WOS Identifier

WOS:000341814800006

ISSN

1099-2340

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