期刊
TOURISM MANAGEMENT
卷 61, 期 -, 页码 96-109出版社
ELSEVIER SCI LTD
DOI: 10.1016/j.tourman.2017.01.003
关键词
Tourism-led growth hypothesis; Spain; Granger causality; Bounds testing; Toda-Yamamoto procedure
资金
- [ECO2014-58434-P]
Since the first paper on the subject was published in 2002, the tourism-led growth hypothesis (TLGH) has constituted one of the most predominant topics in tourism literature. Spain is a leading country in the tourism industry and one where this hypothesis has been tested with several studies confirming the relationship between Spain's tourism development and its economic growth. However, the existing studies for Spain do not take into account recent turbulences such as the Global Financial and Economic Crisis and the Arab Spring uprisings that have shocked tourism markets. This paper re-examines the TLGH for the Spanish case in the light of these events in order to investigate the robustness of the relationship between tourism and economic growth. (C) 2017 Elsevier Ltd. All rights reserved.
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