Table 2.
Comparison of empirical results between tourism development and economic growth
| Samples | Authors | Empirical method | Period | Country | Causal relationship |
|---|---|---|---|---|---|
| One country | Ghali [17] | OLS | 1953–1970 | Hawaii | Tourism ⇒ growth |
| Balaguer and Cantavella-Jorda [6] | Error correction model | 1975–1997 | Spain | Tourism ⇒ growth | |
| Dritsakis [10] | Error correction model | 1960–2000 | Greece | Tourism ⇔ growth | |
| Durbarry [12] | Error correction model | 1952–1999 | Mauritius | Tourism ⇔ growth | |
| Narayan [44] | Error correction model | 1970–2000 | Fiji | Growth ⇒ tourism | |
| Oh [51] | Granger causality test | 1975–2001 | South Korea | Growth ⇒ tourism | |
| Kim et al. [28] | Granger causality test | 1956–2002 | Taiwan | Tourism ⇔ growth | |
| Cross-section | Lanza et al. [31] | Almost ideal demand system (AIDS) | 1977–1992 | 13 OECD countries | Tourism ⇒ growth |
| Eugenio-Martín et al. [16] | Panel GLS | 1980–1997 | Latin American countries | Medium- or low-income countries: Tourism ⇒ growth Developed countries: Unclear | |
| Lee and Chang [33] | Panel error correction model | 1990–2002 | OECD and non-OECD countries | OECD: tourism ⇒ growth Non-OECD: tourism ⇔ growth | |
Notes: “Tourism ⇒ growth” denotes the causality running from tourism to economic growth. “Growth ⇔ tourism” denotes the causality running from economic growth to tourism development.