Purpose – This study aims to investigate growth differentials among small islands and the impact of tourism specialization on the growth and the economic performance of small islands. Design/methodology/approach – The study is based on trade theory and uses data from a panel of small islands...

Tourism has over the past decades turned into a core activity for accelerated growth. The purpose of this study is to determine the role of tourism in the economy of Aruba. More specifically, this investigation attempts to answer the following questions: (1) Is there is a long-run equilibrium...