The nexus of tourism spending with economic performance: A panel data analysis for the Eurozone area

Autor: Anagnostou Ageliki, Ekonomou George, Kallioras Dimitris
Jazyk: angličtina
Rok vydání: 2021
Předmět:
Zdroj: Geographica Pannonica, Vol 25, Iss 1, Pp 53-62 (2021)
Druh dokumentu: article
ISSN: 0354-8724
1820-7138
DOI: 10.5937/gp25-29541
Popis: The paper investigates the nexus of tourism spending (i.e. leisure and business tourism spending) with economic performance (i.e. GDP and employment) for the Eurozone countries, during the period 2000-2018, employing sophisticated panel data analysis techniques. The issue is salient, given that within the Eurozone economic space the abolition of border impediments has released dynamics and brought into surface a new mix of opportunities, threats and challenges that has been changing the balance between centripetal and centrifugal forces. The findings of the paper identify the long-run equilibrium and confirm the bi-directional relationships among the variables considered, thus contributing to the discussion on the relationship between tourism and economic performance.
Databáze: Directory of Open Access Journals