Tourism and Long-run Economic Growth in Aruba

Keywords

Aruba, tourism development, economic growth, co-integration, Granger causality

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.

Publication Date

4-15-2013

Original Citation

Ridderstaat, J, Croes, R. and Nijkamp, P. (2014). Tourism and Long-run Economic Growth in Aruba. International Journal of Tourism Research, 16(5), 472-487.

Number of Pages

472-487

Document Type

Paper

Language

English

Source Title

International Journal of Tourism Research

Volume

16

Issue

5

College

Rosen College of Hospitality Management

Location

Rosen College of Hospitality Management

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