Tourism expansion and economic development: the case of Taiwan.
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TLDR
In Taiwan, tourism and economic development reinforce each other, indicating a long-run equilibrium relationship and further a bi-directional causality between the two factors.About:
This article is published in Tourism Management.The article was published on 2006-10-01 and is currently open access. It has received 686 citations till now. The article focuses on the topics: Granger causality & Cointegration.read more
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Tourism development and economic growth: A closer look at panels
Chien-Chiang Lee,Chun-Ping Chang +1 more
TL;DR: In this paper, the authors apply the new heterogeneous panel cointegration technique to re-investigate the long-run comovements and causal relationships between tourism development and economic growth for OECD and non-OECD countries (including those in Asia, Latin America and Sub-Sahara Africa) for the 1990-2002 period.
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Tourism economics research: A review and assessment
TL;DR: The most up-to-date survey of tourism economics research and summarise the key trends in its recent development can be found in this article, where the focus is paid to the research progress made over the last decade in respect of approaches, methodological innovations, emerging topics, research gaps, and directions for future research.
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Assessing the dynamic economic impact of tourism for island economies
TL;DR: In this article, the authors explored the potential contribution of tourism to economic growth and development within the conventional augmented Solow growth model and found that tourism significantly contributes to the economic growth of island economies.
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Has the tourism-led growth hypothesis been validated? A literature review
TL;DR: This article presented an exhaustive review of approximately 100 peer-reviewed published papers on the tourism-led growth hypothesis (TLGH) and provided an overview on the economic theoretical framework behind the TLGH.
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Investigating the environmental Kuznets curve hypothesis: the role of tourism and ecological footprint
TL;DR: The results from the time series generalized method of moments (GMM) and the system panel GMM revealed that the number of countries that have a negative relationship between the ecological footprint and its determinants is more existent in the upper middle- and high-income countries than the other income countries.
References
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Estimating the Dimension of a Model
TL;DR: In this paper, the problem of selecting one of a number of models of different dimensions is treated by finding its Bayes solution, and evaluating the leading terms of its asymptotic expansion.
Estimating the dimension of a model
TL;DR: In this paper, the problem of selecting one of a number of models of different dimensions is treated by finding its Bayes solution, and evaluating the leading terms of its asymptotic expansion.
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Co-integration and Error Correction: Representation, Estimation and Testing
TL;DR: The relationship between co-integration and error correction models, first suggested in Granger (1981), is here extended and used to develop estimation procedures, tests, and empirical examples.
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Autoregressive conditional heteroscedasticity with estimates of the variance of United Kingdom inflation
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Testing for a Unit Root in Time Series Regression
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