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    Tourism and Growth in The Caribbean – Evidence From a Panel Error Correction Model

    Access Status
    Fulltext not available
    Authors
    Apergis, Nicholas
    Payne, J.
    Date
    2012
    Type
    Journal Article
    
    Metadata
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    Citation
    Apergis, Nicholas and Payne, James E. 2012. Research note: Tourism and Growth in The Caribbean – Evidence From a Panel Error Correction Model. Tourism Economics. 18 (2): pp. 449-456.
    Source Title
    Tourism Economics
    Additional URLs
    http://www.ingentaconnect.com/content/ip/tec/2012/00000018/00000002/art00011
    ISSN
    1354-8166
    URI
    http://hdl.handle.net/20.500.11937/27912
    Collection
    • Curtin Research Publications
    Abstract

    This empirical study examines the causal relationship between tourism and economic growth for a panel of nine Caribbean countries over the period 1995–2007. Pedroni (1999, 2004) panel cointegration tests reveal a long-run equilibrium relationship between real GDP per capita, the real effective exchange rate and international tourist arrivals per capita. The panel error correction model reveals bidirectional causality between tourism and economic growth in both the short run and the long run.

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