Although campsites are an important segment of the tourist sector, few applied articles have analyzed their growth path … to test the stricter version of Gibrat's Law, which consist of three parts: the campsites' growth trend, how they carry … analyzing the regional impacts of growth in this sector. With government statistics from the last decade, we use a GMM framework …

We consider the relationship between tourism and economic growth for Latin American countries since 1985 until 1998 … variables. We show that the tourism sector is adequate for the economic growth of medium or low-income countries, though not … growth, we try to explain tourism arrivals conditional on GDP and other covariates such as safety, prices and education level …

Using a panel vector autoregressive model this paper investigates the dynamic and endogeneous contribution of tourism …, thus confirming both tourism-led economic development and economic-driven tourism growth. Tourism is also observed to … to output based on a sample of 40 African countries for the period 1990 - 2006. Results from the study confirm tourism to …

business cycles and growth dynamics that is very far from the homogeneous one postulated in models based on the RAH. In this ….g. size, growth, and productivity). …

We analyze the empirical relationship between growth, country size and tourism specialization by using a dataset …-groups considered in our analysis. Tourism appears to be an independent determining factor for growth, and the reason for that is … covering the period 1980-2003. We find that tourism countries grow significantly faster than all the other sub …

In this paper we discuss the determinants which contribute to outbound tourism expenditures. The aim is to show whether … capita income and the openness to trade on the tourism expenditures per capita as well as on the tourism expenditure per GDP … openness to tourism as countries which are able to attract high inbound tourism receipts per capita also having high outbound …

The paper investigates whether liquidity constraints affect firm size and growth dynamics using a large longitudinal … sample of Italian manufacturing firms. We run standard panel-data Gibrat regressions, suitably expanded to take into account … size, growth, age, and (scaled) cash flow distributions. Pooled data show that: (i) liquidity constraints engender a …

This work explores a number of properties investigated in the empirical literature on firm size and growth dynamics: (i …) the distribution and the autoregressive structure of firm size; (ii) the existence of size-growth scaling relationships …; (iii) the distribution and the autoregressive structure of scaling-free growth rates. The major novelty concerns our …

growth rates. First, our empirical analysis provides a new look at the international distributions of incomes and growth … rates by investigating more closely the relationship between the two entities and the statistical properties of the growth …

Gibrat's Law does not hold, i.e., the main finding is that firm growth decreases with firm size. However, almost all of these … obtained for a large sample of Dutch firms in the hospitality industry - we examine whether the assumption that growth rates … that growth rates are, in fact, independent of firm size in two business groups, while Gibrat's Law is rejected for the …