Tourism Specialization and Economic Development: Evidence from the UNESCO World Heritage List
The present paper investigates whether tourism specialization is a viable strategy for development. We estimate standard growth equations augmented with a variable measuring tourism specialization using instrumental variables techniques for a large cross-section of countries for the period 1980-2002...
Gespeichert in:
| 1. Verfasser: | |
|---|---|
| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Washington, D.C
International Monetary Fund
2009
|
| Schriftenreihe: | IMF Working Papers
Working Paper No. 09/176 |
| Online-Zugang: | UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 Volltext |
| Zusammenfassung: | The present paper investigates whether tourism specialization is a viable strategy for development. We estimate standard growth equations augmented with a variable measuring tourism specialization using instrumental variables techniques for a large cross-section of countries for the period 1980-2002. We introduce an instrument for tourism based on the UNESCO World Heritage List. We find that there is a positive relationship between the extent of tourism specialization and economic growth. An increase of one standard deviation in the share of tourism in exports leads to about 0.5 percentage point in additional annual growth, everything else being constant. Our result holds against a large array of robustness checks |
| Beschreibung: | 1 Online-Ressource (24 p) |
| ISBN: | 1451873239 9781451873238 |
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| index_date | 2024-07-03T20:13:27Z |
| indexdate | 2024-07-10T09:35:35Z |
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| language | English |
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| spelling | Piotrowski, John M. Verfasser aut Tourism Specialization and Economic Development Evidence from the UNESCO World Heritage List Piotrowski, John M Washington, D.C International Monetary Fund 2009 1 Online-Ressource (24 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers Working Paper No. 09/176 The present paper investigates whether tourism specialization is a viable strategy for development. We estimate standard growth equations augmented with a variable measuring tourism specialization using instrumental variables techniques for a large cross-section of countries for the period 1980-2002. We introduce an instrument for tourism based on the UNESCO World Heritage List. We find that there is a positive relationship between the extent of tourism specialization and economic growth. An increase of one standard deviation in the share of tourism in exports leads to about 0.5 percentage point in additional annual growth, everything else being constant. Our result holds against a large array of robustness checks Online-Ausg Arezki, Rabah Sonstige oth Cherif, Reda Sonstige oth http://elibrary.imf.org/view/IMF001/10365-9781451873238/10365-9781451873238/10365-9781451873238.xml Verlag URL des Erstveröffentlichers Volltext |
| spellingShingle | Piotrowski, John M. Tourism Specialization and Economic Development Evidence from the UNESCO World Heritage List |
| title | Tourism Specialization and Economic Development Evidence from the UNESCO World Heritage List |
| title_auth | Tourism Specialization and Economic Development Evidence from the UNESCO World Heritage List |
| title_exact_search | Tourism Specialization and Economic Development Evidence from the UNESCO World Heritage List |
| title_exact_search_txtP | Tourism Specialization and Economic Development Evidence from the UNESCO World Heritage List |
| title_full | Tourism Specialization and Economic Development Evidence from the UNESCO World Heritage List Piotrowski, John M |
| title_fullStr | Tourism Specialization and Economic Development Evidence from the UNESCO World Heritage List Piotrowski, John M |
| title_full_unstemmed | Tourism Specialization and Economic Development Evidence from the UNESCO World Heritage List Piotrowski, John M |
| title_short | Tourism Specialization and Economic Development |
| title_sort | tourism specialization and economic development evidence from the unesco world heritage list |
| title_sub | Evidence from the UNESCO World Heritage List |
| url | http://elibrary.imf.org/view/IMF001/10365-9781451873238/10365-9781451873238/10365-9781451873238.xml |
| work_keys_str_mv | AT piotrowskijohnm tourismspecializationandeconomicdevelopmentevidencefromtheunescoworldheritagelist AT arezkirabah tourismspecializationandeconomicdevelopmentevidencefromtheunescoworldheritagelist AT cherifreda tourismspecializationandeconomicdevelopmentevidencefromtheunescoworldheritagelist |