Balaguer, Jacint; Cantavella-Jorda, Manuel - In: Applied Economics 34 (2002) 7, pp. 877-884
This paper examines the role of tourism in the Spanish long-run economic development. The tourism-led growth hypothesis is confirmed through cointegration and causality testing. The results indicate that, at least, during the last three decades, economic growth in Spain has been sensible to...