Tourism and Growth in The Caribbean – Evidence From a Panel Error Correction Model
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 excha...
| Main Authors: | , |
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| Format: | Journal Article |
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I P Publishing Ltd.
2012
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| Online Access: | http://www.ingentaconnect.com/content/ip/tec/2012/00000018/00000002/art00011 http://hdl.handle.net/20.500.11937/27912 |
| _version_ | 1848752395322916864 |
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| author | Apergis, Nicholas Payne, J. |
| author_facet | Apergis, Nicholas Payne, J. |
| author_sort | Apergis, Nicholas |
| building | Curtin Institutional Repository |
| collection | Online Access |
| description | 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. |
| first_indexed | 2025-11-14T08:07:56Z |
| format | Journal Article |
| id | curtin-20.500.11937-27912 |
| institution | Curtin University Malaysia |
| institution_category | Local University |
| last_indexed | 2025-11-14T08:07:56Z |
| publishDate | 2012 |
| publisher | I P Publishing Ltd. |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | curtin-20.500.11937-279122017-01-30T13:01:55Z Tourism and Growth in The Caribbean – Evidence From a Panel Error Correction Model Apergis, Nicholas Payne, J. Real Exchange Eate Caribbean Granger-Causality Real GDP Tourism arrivals 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. 2012 Journal Article http://hdl.handle.net/20.500.11937/27912 http://www.ingentaconnect.com/content/ip/tec/2012/00000018/00000002/art00011 I P Publishing Ltd. restricted |
| spellingShingle | Real Exchange Eate Caribbean Granger-Causality Real GDP Tourism arrivals Apergis, Nicholas Payne, J. Tourism and Growth in The Caribbean – Evidence From a Panel Error Correction Model |
| title | Tourism and Growth in The Caribbean – Evidence From a Panel Error Correction Model |
| title_full | Tourism and Growth in The Caribbean – Evidence From a Panel Error Correction Model |
| title_fullStr | Tourism and Growth in The Caribbean – Evidence From a Panel Error Correction Model |
| title_full_unstemmed | Tourism and Growth in The Caribbean – Evidence From a Panel Error Correction Model |
| title_short | Tourism and Growth in The Caribbean – Evidence From a Panel Error Correction Model |
| title_sort | tourism and growth in the caribbean – evidence from a panel error correction model |
| topic | Real Exchange Eate Caribbean Granger-Causality Real GDP Tourism arrivals |
| url | http://www.ingentaconnect.com/content/ip/tec/2012/00000018/00000002/art00011 http://hdl.handle.net/20.500.11937/27912 |