Relationship Between Tourism and Economic Growth
Political Science, International Development, and International Affairs
The main goal of this paper is to determine whether tourism activity stimulates economic growth. The study indicates the main variables affecting tourism activity and shows a feedback effect between income and tourism. Findings indicate that tourism not only supplies necessary funds to finance firms' activities, but also stimulates the local firms' productivity and creates new job opportunities that increase the country's welfare. Variables that have important effects on tourism activity, such as entrepreneurship and prices have also been considered.
Service Industries Journal
Martin, M. G.,
Picazo, M. M.
(2011). Relationship Between Tourism and Economic Growth. Service Industries Journal, 31(10), 1567-1572.
Available at: http://aquila.usm.edu/fac_pubs/534