Tourism and economic development in mediterranean sea basin countries: a panel data analysis
Tourism and economic development in mediterranean sea basin countries: a panel data analysis
Author(s): Canan Eryiğit, Mehmet EryiğitSubject(s): International relations/trade, Economic development, Transformation Period (1990 - 2010), Tourism
Published by: Lietuvos verslo kolegija
Keywords: Mediterranean Sea basin countries; economic development; tourism receipts; panel cointegration; panel unit root tests;
Summary/Abstract: In this paper, the long run relationship between tourism receipts per capita and gross domestic products (GDP) per capita is examined for a sample of 18 Mediterranean basin countries for 1995-2009 period using recently developed panel unit root tests and error-correction based panel cointegration techniques. The results of the tests suggest that tourism receipts per capita and GDP per capita are cointegrated and tourism receipts is the source of GDP for those countries in long run term.
Journal: VADYBA
- Issue Year: 19/2011
- Issue No: 2
- Page Range: 87-92
- Page Count: 6
- Language: English