Tourism and Long-run Economic Growth in Aruba

    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

    Share

    COinS