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Export Reference (APA)
de Mello-Sampayo, F. & Vale, S. (2011). Tourism and growth in european countries: an application of likelihood-based panel cointegration. Annual Meeting of the Portuguese Economic Journal.
Export Reference (IEEE)
F. D. Sampayo and S. D. Vale,  "Tourism and growth in european countries: an application of likelihood-based panel cointegration", in Annu. Meeting of the Portuguese Economic Journal, Aveiro, 2011
Export BibTeX
@misc{sampayo2011_1765574725085,
	author = "de Mello-Sampayo, F. and Vale, S.",
	title = "Tourism and growth in european countries: an application of likelihood-based panel cointegration",
	year = "2011",
	howpublished = "Both (printed and digital)",
	url = "http://www.ua.pt/govcopp/pejconf/PageText.aspx?id=13769&ref=ID0ELCA"
}
Export RIS
TY  - CPAPER
TI  - Tourism and growth in european countries: an application of likelihood-based panel cointegration
T2  - Annual Meeting of the Portuguese Economic Journal
AU  - de Mello-Sampayo, F.
AU  - Vale, S.
PY  - 2011
CY  - Aveiro
UR  - http://www.ua.pt/govcopp/pejconf/PageText.aspx?id=13769&ref=ID0ELCA
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
South than in North European countries. The policy implication of this result is
that for this group of countries, the best strategy is to raise tourism receipts.
Furthermore, the volume of trade shows a significant and much more stronger
effect on the long run economic growth in our sample economies than tourism
does.
ER  -