Does tourism cause growth asymmetrically in a panel of G-7 countries? A short note
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Date
Authors
Hatemi-J, Abdulnasser
Gupta, Rangan
Kasongo, Axel
Mboweni, Thabo
Netshitenzhe, Ndivhuho
Journal Title
Journal ISSN
Volume Title
Publisher
Springer
Abstract
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.
Description
Keywords
Economic growth, Tourism receipts, Asymmetric panel causality test
Sustainable Development Goals
Citation
Hatemi-J, A., Gupta, R., Kasongo, A. et al. Does tourism cause growth asymmetrically in a panel of G-7 countries? A short note. Empirica (2018) 45: 49-57. https://doi.org/10.1007/s10663-016-9345-3.