Tourism and Regional Growth in Europe

TitleTourism and Regional Growth in Europe
Publication TypeJournal Article
Year of Publication2014
AuthorsPaci, R, Marrocu, E
JournalPAPERS IN REGIONAL SCIENCE
Volume93
IssueSupplement 1
PaginationS25-S50
Abstract

The paper analyses the impact of domestic and international tourism on the economic
growth process for 179 European regions. The econometric analysis is based on a spatial growth regression framework where the rate of GDP per capita growth at the regional level for the period 1999–2009 depends on tourism flows, in addition to the traditional growth variables. Besides controlling for initial conditions, we also include a wide set of covariates to account for the endowment of human and technological capital and for the geographical, social and institutional features of the regions. The results, confirmed by several robustness checks, demonstrate that regional growth is positively affected by domestic and international tourism.

URLhttp://onlinelibrary.wiley.com/doi/10.1111/pirs.12085/abstract
DOI10.1111/pirs.12085
Keywordseurope, regional economic growth, spatial dependence, tourism flows