The DOI matches its Crossref record; 31 of the 31 references it cites were found in a registry or an index.
Tourism, trade and growth: the case of Cyprus
Open accessAbstract
Although the relationship between international trade and economic growth has found a wide application area in the literature over the years, this can not be said about tourism and growth or trade and tourism. This study employs the bounds test for cointegration and Granger causality tests to investigate a long-run equilibrium relationship between tourism, trade and real income growth, and the direction of causality among themselves for Cyprus. Results reveal that tourism, trade and real income growth are cointegrated; thus, a long-run equilibrium relationship can be inferred between these three variables. On the other hand, Granger causality test results suggest that real income growth stimulates growth in international trade (both exports and imports) and international tourist arrivals to the island. Furthermore, growth in international trade (both exports and imports) also stimulates an increase in international tourist arrivals to Cyprus. And finally, real import growth stimulate growth in real exports in the case of Cyprus.
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Cites
Investigating causal relations by econometric models and cross-spectral methods
Granger, C. W. J. (1969) · Econometrica · doi:10.2307/1912791 · Cited by 22,989
Bounds testing approaches to the analysis of level relationships
Pesaran, M. H., Shin, Y., & Smith, R. J. (2001) · Journal of Applied Econometrics · doi:10.1002/jae.616 · Cited by 20,385
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Cited by
Estimating tourism-induced energy consumption and CO2 emissions: The case of Cyprus
Katircioglu, S. T., Feridun, M., & Kilinc, C. (2014) · Renewable and Sustainable Energy Reviews · doi:10.1016/j.rser.2013.09.004 · Cited by 375
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Metadata
- Authors
- Katircioglu, S.
- Venue
- Applied Economics
- Publisher
- Informa UK Limited
- Published
- 2009-09
- Volume
- 41
- Issue
- 21
- Pages
- 2741-2750
- ISSN
- 0003-6846 (ISSN-L)
- 1466-4283
- OpenAlex
- W2136004248
- Cited by
- 257
- References
- 31
- FWCI
- 29.04
- Type
- journal article
- Language
- en
- Open access
- green
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