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. 2007 Mar 18;77(4):358–368. doi: 10.1016/j.matcom.2007.03.004

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.