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The empirical debate on the role of international tourism on local economic growth is inconclusive and is characterized … by two main opposing views: the Tourism-led economic growth hypothesis and the Economy-driven tourism growth hypothesis …. The objective of the study was to establish the role of tourism development on economic growth using time series secondary …
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We provide an overview of recent empirical research on patterns of cross-country growth. The new empirical regularities considered differ from earlier ones, e.g., the well-known Kaldor stylized facts. The new research no longer makes production function accounting a central part of the analysis....
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