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Export Reference (APA) 
de Mello-Sampayo, F. & de Sousa-Vale, S. (2011). Tourism and growth in european countries: model specification and panel data analysis. Applied Economics Quarterly. 57 (4), 303-324
Export Reference (IEEE) 
F. D. Sampayo and S. D. Vale,  "Tourism and growth in european countries: model specification and panel data analysis", in Applied Economics Quarterly, vol. 57, no. 4, pp. 303-324, 2011
Export BibTeX 
@article{sampayo2011_1766270210338,
	author = "de Mello-Sampayo, F. and de Sousa-Vale, S.",
	title = "Tourism and growth in european countries: model specification and panel data analysis",
	journal = "Applied Economics Quarterly",
	year = "2011",
	volume = "57",
	number = "4",
	doi = "10.3790/aeq.57.4.303",
	pages = "303-324",
	url = "http://ejournals.duncker-humblot.de/doi/abs/10.3790/aeq.57.4.303"
}
Export RIS 
TY  - JOUR
TI  - Tourism and growth in european countries: model specification and panel data analysis
T2  - Applied Economics Quarterly
VL  - 57
IS  - 4
AU  - de Mello-Sampayo, F.
AU  - de Sousa-Vale, S.
PY  - 2011
SP  - 303-324
SN  - 1611-6607
DO  - 10.3790/aeq.57.4.303
UR  - http://ejournals.duncker-humblot.de/doi/abs/10.3790/aeq.57.4.303
AB  - This paper applies likelihood-based panel cointegration techniques to examine the existence of a long run relationship between GDP, tourism earnings per tourist and total trade volume for a panel of European countries over the period 1988–2010. Removing the cross dependency, our panel tourism-led growth model indicates that tourism development has a higher impact on GDP in the North than in South European countries. Furthermore, the volume of trade shows a significant and much stronger effect on the long run economic growth in our sample economies than tourism does. The policy implication of these results is that the impact of tourism development on growth when compared to the impact of international trade while facing a budget constraint leads us to conclude that the best strategy is for countries to invest in trade rather than in tourism.
ER  -