Do foreign visitors reward post-communist countries? A panel evidence for tourism-growth nexus.

Using cross-country panel data for 23 post-communist countries, we provide novel empirical evidence that tourism exerts a positive and significant effect on economic growth after controlling for conventional determinants in the growth equation. The system GMM results suggest that per-capita tourism receipts increase by 10 percent, the per-capita growth rate increases by 1.36% points, ceteris paribus. The results remain robust under various estimation methods.

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Year of publication:	2015-08-20
Authors:	Salahodjaev, Raufhon ; Safarova, Nilufar

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Type of publication:	Book / Working Paper
Language:	English
Notes:	Salahodjaev, Raufhon and Safarova, Nilufar (2015): Do foreign visitors reward post-communist countries? A panel evidence for tourism-growth nexus.
Classification:	O1 - Economic Development ; O11 - Macroeconomic Analyses of Economic Development ; O4 - Economic Growth and Aggregate Productivity
Source:	BASE

Persistent link: https://www.econbiz.de/10015248737