Impact of tourism on economic growth
Photo by Cris Saur on Unsplash
What is it about?
Economic growth, tourism dynamics, and territorial capital in European regions are analysed during a period comprising a first stage of economic growth, negative impacts of the crisis of 2008, and recovery. A spatial econometric model inspired by the endogenous growth approach shows positive spatial spillovers, convergence between regions, positive impacts on growth from innovation‐related characteristics, and gross value added by tourism, whereas no relevant impacts from tourism demand or employment and a negative correlation with the endowment in natural resources are found.
Why is it important?
We identify in which contexts tourism dynamics can offer significant economic benefits for the host communities. Increasing tourism demand does not necessarily ensure economic growth.
The following have contributed to this page: Dr. João Romão
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