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Identifying tourism and economic growth nexus the hurlin venet approach

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This paper seeks to identify causality between tourism and economic growth within Hurlin-Venet approach using the panel data of 135 countries for the period 1995–2008. Countries are classified by income levels. The unidirectional causality from economic growth to tourism revenue is found only in case of high income countries group.

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Çağlayan Akay E., Şak N., Kamal K., "Identifying Tourism and Economic Growth Nexus The Hurlin Venet Approach", The Empirical Economics Letters, cilt.12, sa.4, ss.419-427, 2013

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