Izvorni znanstveni članak
https://doi.org/10.1080/1331677X.2020.1819852
The relationship between tourism and economic growth in the EU-28. Is there a tendency towards convergence?
Alina-Petronela Haller
Gina Ionela Butnaru
Georgia-Daniela Tacu Hârșan
Mirela Ştefănică
Sažetak
Tourism significantly increased in the EU-28 in recent years. In the
present study, the 28 member states were analysed for the period
between 2012 and 2018, depending on data availability. The
authors tested empirically whether economic convergence took
place from the perspective of three types of revenue from the
tourism sector. The contribution of tourism revenue to economic
growth varied across different countries. The analysis of b and
r-convergence showed a low-intensity and slow process based
on the revenues generated by accommodation, transport, and
restaurant and coffee shop services. Contrary to expectations, the
factors analysed did not strongly support the EU-28 tourism sector convergence. We argue the existence of a positive and direct
relationship between tourism and economic growth. The convergence did exist but its pace was sometimes slow and of low
intensity, preceded by periods of divergence. The three types of
services generated tourism revenue but not decisively. The paper
complements the literature using indicators that strictly describe
the tourism sector and brings into focus findings that contradict
those from other studies. Our conclusion is that convergence was
not accelerated, but slow and it was not determined by tourism
factors but by related ones.
Ključne riječi
Economic growth; b-convergence; r-convergence; tourism revenue; EU-28
Hrčak ID:
301205
URI
Datum izdavanja:
31.12.2021.
Posjeta: 464 *