Georgantopoulos, Andreas G. - In: Asian Economic and Financial Review 3 (2013) 4, pp. 464-482
This study tests for the existence and direction of causality between output growth and tourism expenditure using a trivariate model with real effective exchange rate (REER), analysed as a whole and in sub-categories (i.e. leisure travel and tourism expenditures, LTS and business travel and...