Examination of economic growth and tourism in Barbados : testing the supply-side hypothesis
Part of : Tourismos : an international multidiciplinary journal of tourism ; Vol.7, No.2, 2012, pages 203-215
Issue:
Pages:
203-215
Section Title:
Research papers
Author:
Abstract:
The goal of this study is to examine the supply side hypothesis of tourism demand, that is, to answer the question: Does economic growth in Barbados spur tourism growth. Results suggest that there is a long-run relationship between real GDP in Barbados and tourist arrivals. Specifically, we find that a 1% expansion in real GDP is associated with a 1.2% increase in tourist arrivals. Further, our Granger causality test suggests that the supply-side hypothesis is valid for Barbados.
Subject:
Subject (LC):
Keywords:
tourism, economic growth, Barbados
Notes:
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