The DOI matches its Crossref record; 4 of the 4 references it cites were found in a registry or an index.
Tourism as a Long-Run Economic Growth Factor: An Empirical Investigation for Greece Using Causality Analysis
Abstract
This paper empirically examines the impact of tourism on the long-run economic growth of Greece by using causality analysis of real gross domestic product, real effective exchange rate and international tourism earnings. A Multivariate Auto Regressive (VAR) model is applied for the period 1960:I-2000:IV. The results of co-integration analysis suggest that there is one co-integrated vector among real gross domestic product, real effective exchange rate and international tourism earnings. Granger causality tests based on Error Correction Models (ECMs), have indicated that there is a ‘strong Granger causal’ relationship between international tourism earnings and economic growth, a ‘strong causal’ relationship between real exchange rate and economic growth, and simply ‘causal’ relationships between economic growth and international tourism earnings and between real exchange rate and international tourism earnings.
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Cites
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Co-integration and error correction: representation, estimation and testing
Engle, R. F., & Granger, C. W. J. (1987) · Econometrica · doi:10.2307/1913236 · Cited by 32,007
STATISTICAL ANALYSIS OF COINTEGRATION VECTORS
Johansen, S. (1988) · Journal of Economic Dynamics and Control · doi:10.1016/0165-1889(88)90041-3 · Cited by 17,027
Testing the null hypothesis of stationarity against the alternative of a unit root
Kwiatkowski, D., Phillips, P. C. B., Schmidt, P., & Shin, Y. (1992) · Journal of Econometrics · doi:10.1016/0304-4076(92)90104-y · Cited by 12,633
Cited by
Lee, J. W., & Brahmasrene, T. (2013) · Tourism Management · doi:10.1016/j.tourman.2013.02.016 · Cited by 647
Has the tourism-led growth hypothesis been validated? A literature review
Brida, J. G., Cortes-Jimenez, I., & Pulina, M. (2016) · Current Issues in Tourism · doi:10.1080/13683500.2013.868414 · Cited by 607
Paramati, S. R., Alam, M. S., & Chen, C.-F. (2017) · Journal of Travel Research · doi:10.1177/0047287516667848 · Cited by 478
Assessing the dynamic economic impact of tourism for island economies
Seetanah, B. (2011) · Annals of Tourism Research · doi:10.1016/j.annals.2010.08.009 · Cited by 421
Impact of Tourism on Economic Growth and Development in Africa
Fayissa, B., Nsiah, C., & Tadasse, B. (2008) · Tourism Economics · doi:10.5367/000000008786440229 · Cited by 393
Metadata
- Authors
- Dritsakis, N.
- Venue
- Tourism Economics
- Publisher
- SAGE Publications
- Published
- 2004-09
- Volume
- 10
- Issue
- 3
- Pages
- 305-316
- ISSN
- 1354-8166 (ISSN-L)
- 2044-0375
- OpenAlex
- W2053837556
- Cited by
- 823
- References
- 4
- FWCI
- 17.73
- Type
- journal article
- Language
- en
- Open access
- closed
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- Dritsakis, N. (2004). Tourism as a Long-Run Economic Growth Factor: An Empirical Investigation for Greece Using Causality Analysis. Tourism Economics. https://doi.org/10.5367/0000000041895094
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