TY - JOUR
T1 - Does tourism cause growth asymmetrically in a panel of G-7 countries? A short note
AU - Hatemi-J, Abdulnasser
AU - Gupta, Rangan
AU - Kasongo, Axel
AU - Mboweni, Thabo
AU - Netshitenzhe, Ndivhuho
N1 - Publisher Copyright:
© 2016, Springer Science+Business Media New York.
PY - 2018/2/1
Y1 - 2018/2/1
N2 - We analyse whether tourism (measured by real tourism receipts) causes growth in an asymmetric fashion in a panel of G-7 countries over the period of 1995–2014. Our results reveal that the tourism-led growth hypothesis holds for France, Germany, and the US, with negative tourism shocks being more important for Germany, Italy, Japan, while positive shocks are more important in UK and the US. Our results imply that, policy makers in Germany, Italy and Japan should be more concerned when tourism receipts decline.
AB - We analyse whether tourism (measured by real tourism receipts) causes growth in an asymmetric fashion in a panel of G-7 countries over the period of 1995–2014. Our results reveal that the tourism-led growth hypothesis holds for France, Germany, and the US, with negative tourism shocks being more important for Germany, Italy, Japan, while positive shocks are more important in UK and the US. Our results imply that, policy makers in Germany, Italy and Japan should be more concerned when tourism receipts decline.
KW - Asymmetric panel causality test
KW - Economic growth
KW - Tourism receipts
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U2 - 10.1007/s10663-016-9345-3
DO - 10.1007/s10663-016-9345-3
M3 - Article
AN - SCOPUS:84970949928
SN - 0340-8744
VL - 45
SP - 49
EP - 57
JO - Empirica
JF - Empirica
IS - 1
ER -