Title

Relationship Between Tourism and Economic Growth

Document Type

Article

Publication Date

2011

Department

Political Science, International Development, and International Affairs

Abstract

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.

Publication Title

Service Industries Journal

Volume

31

Issue

10

First Page

1567

Last Page

1572