Álvarez-Albelo, Carmen; Hernández-Martín, Raúl - Xarxa de Referència en Economia Aplicada (XREAP) - 2007
This paper shows that tourism specialisation can help to explain the observed high growth rates of small countries. For this purpose, two models of growth and trade are constructed to represent the trade relations between two countries. One of the countries is large, rich, has an own source of...