Tourism and Economic Growth in Mediterranean Region: Dynamic Panel Data Approach

The Mediterranean region is one of the leading tourism regions in the world accounting for one third of global tourism receipts and half of global tourism arrivals. This paper aims at providing evidence that tourism can be considered as determinant of economic growth in the Mediterranean region. The...

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Bibliographic Details
Main Authors: Šimundić Blanka, Kuliš Zvonimir
Format: Article
Language:English
Published: Sciendo 2016-09-01
Series:Acta Economica et Turistica
Subjects:
Online Access:https://doi.org/10.1515/aet-2016-0005
Description
Summary:The Mediterranean region is one of the leading tourism regions in the world accounting for one third of global tourism receipts and half of global tourism arrivals. This paper aims at providing evidence that tourism can be considered as determinant of economic growth in the Mediterranean region. The results support the postulates of tourism led growth hypothesis, thus giving to the policymakers endorses for improving the tourism competitiveness conditions that will boost the economic growth.
ISSN:1849-921X