Determinants to Configure the Economy of Tourist Industries for the Tourism-Led Growth Hypothesis
Keywords:
Tourism economic impact, Tourism-led growth hypothesis, Binary Model, Small States EconomiesAbstract
This study addresses the configuration of economies dominated by the tourism industry and investigates whether tourism-led growth applies to them. The results show that small countries tend to base their economy largely on tourism. High tourism industry shared countries are also likely to have low economic openness and established domestic markets. Additionally, economically booming countries are unlikely to be tourism-dominated. In summary, the tourism-led growth hypothesis applies to small countries with established domestic economies and limited economic openness, while it may not apply to developing countries, especially those in the process of an economic boom.Downloads
Published
Issue
Section
License
e-Review of Tourism Research (eRTR) is an international electronic bulletin for tourism research (ISSN:1941-5842). It comprises current tourism research articles, commentaries and reviews by industry professionals. The materials are provided for the personal noncommercial use of registered users of the eRTR, free to individuals and institutions. Copies of articles may be distributed for research or educational purpose, free of charge and without permission. However, commercial use of the eRTR or the articles contained herein is expressly prohibited without the written consent of the publisher.
In consideration for publication of your work, if published on behalf of the eRTR, the author agrees to transfer the work to the eRTR, Department of Recreation, Park and Tourism Sciences, Texas A&M University, USA, including full and exclusive rights to publication in all media now known or later developed, including but not limited to electronic databases.
The authors represents and warrants:
- That the manuscript submitted is his/her own work;
- That the work submitted to the eRTR has not been previously published.
