dependent upon tourism or natural resources. The empirical framework is based on Impulse Response Functions obtained from Vector … dependent upon either tourism or natural resources. We find that there is evidence of the “natural resource curse”, especially …

This paper studies the impacts on economic growth of a small tourism driven economy caused by an increase in the growth … rate of international tourism demand. We present a formal model and empirical evidence.The ingredients of the dynamic model … are a large population of intertemporally optimizing agents and an AK technology representing tourism production. The …