publication . Article . Other literature type . 2017

Is the tourism-led growth hypothesis valid after the global economic and financial crisis? The case of Spain 1957–2014

Perles-Ribes, José Francisco; Ramón-Rodríguez, Ana Belén; Rubia, Antonio; Moreno-Izquierdo, Luis;
Restricted English
  • Published: 01 Aug 2017
  • Publisher: Elsevier
  • Country: Spain
Abstract
Since the first paper on the subject was published in 2002, the tourism-led growth hypothesis (TLGH) has constituted one of the most predominant topics in tourism literature. Spain is a leading country in the tourism industry and one where this hypothesis has been tested with several studies confirming the relationship between Spain's tourism development and its economic growth. However, the existing studies for Spain do not take into account recent turbulences such as the Global Financial and Economic Crisis and the Arab Spring uprisings that have shocked tourism markets. This paper re-examines the TLGH for the Spanish case in the light of these events in order...
Subjects
free text keywords: Tourism-led growth hypothesis, Spain, Granger causality, Bounds testing, Toda-Yamamoto procedure, Economía Aplicada, Economía Financiera y Contabilidad, Marketing, Economic impact analysis, Financial crisis, Tourism, Development economics, Economics
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publication . Article . Other literature type . 2017

Is the tourism-led growth hypothesis valid after the global economic and financial crisis? The case of Spain 1957–2014

Perles-Ribes, José Francisco; Ramón-Rodríguez, Ana Belén; Rubia, Antonio; Moreno-Izquierdo, Luis;