How Fast are Small Tourism Countries Growing? Evidence from the Data for 1980–2003

This paper analyses the empirical relationship between growth, country size and tourism specialization by using a data set covering the period 1980–2003. It finds that tourism countries are small and grow significantly faster than all the other subgroups considered in the analysis. Tourism appears t...

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Bibliographic Details
Published in:Tourism economics : the business and finance of tourism and recreation 2007-12, Vol.13 (4), p.603-613
Main Authors: Brau, Rinaldo, Lanza, Alessandro, Pigliaru, Francesco
Format: Article
Language:English
Subjects:
Correlation analysis
Economic growth
Income
Longitudinal studies
Per capita
Regional specialization
Small states
Specialization
Studies
Tourism
Trade
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Summary:This paper analyses the empirical relationship between growth, country size and tourism specialization by using a data set covering the period 1980–2003. It finds that tourism countries are small and grow significantly faster than all the other subgroups considered in the analysis. Tourism appears to be an independent determining factor for growth: controlling for initial per capita income and for trade openness does not weaken the positive correlation between tourism specialization and growth. Another finding of the paper is that small states are fast growing only when they are highly specialized in tourism. In contrast with some previous conclusions in the literature, smallness per se is not good for growth.
ISSN:1354-8166
2044-0375
DOI:10.5367/000000007782696104