Tourism and economic growth in Greece
An ARDL bound testing approach in a Kaldorian framework
Bibliographic Data
| ID | 21281985 |
|---|---|
| Authors | Konstantinos Spinthiropoulos (0000-0003-0147-4155, 1Department of International and European Studies, University of Macedonia, Thessaloniki, Greece, corresponding author), Christos Nikas (0000-0002-9456-7838, 1Department of International and European Studies, University of Macedonia, Thessaloniki, Greece), Eleni Zafeiriou (0000-0002-2892-0293, 2Department of Agricultural Development, Democritus University of Thrace, Xanthi, Greece) |
| Year | 2020 |
| Volume | 70 |
| Issue | 2 |
| Pages | 215-227 |
| Publication date | 2020-06-01 |
| Open Access | No |
| Type | ARTICLE |
| Venue | Acta Oeconomica (JOURNAL) |
| Journal identifiers | ISSN: 0001-6373 • E-ISSN: 1588-2659 |
| Publisher | Akademiai Kiado Zrt. (PUBLISHER • HU) |
| DOI | 10.1556/032.2020.00011 |
| OpenAlex | W3043983332 |
| Language | EN |
| Citations received | 4 |
| References cited | 24 |
The purpose of the study is to examine the relationship between tourism development and economic growth in Greece, using the Autoregressive Distributed Lag (ARDL)-Bounds testing procedure. The present paper attempts to examine the relevance of the tourism led growth hypothesis according to the Kaldorian theory. The analysis was carried out for the period from 1963 to 2016 and involves the short-run as well as the log-run impact. As a proxy for the output of the tourism sector, its receipts are employed, while as an index for economic growth, the GDP is employed. The empirical results show that the economy of Greece can recover and return to the long-run equilibrium with a speed of adjustment 7.17% per year
Autoregressive model · Cointegration · Distributed lag · Econometrics · Economics · Geography · Lag · Macroeconomics · Proxy (statistics) · Short run · Statistics · Tourism · Computer Science · Diverse Aspects of Tourism Research · Energy, Environment, and Transportation Policies · Energy, Environment, Economic Growth · Mathematics
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| Citations per year | 1 |
|---|---|
| Citation span | 2022 - 2026 (5) |
| Highly cited | No |