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This paper develops a panel smooth transition vector error correction model to investigate the economic growth-tourism causality. This model simultaneously resolves the estimation problems of nonlinearity, heterogeneity and endogeneity. Empirical results support that the causality is...

Wu PoChin; Liu ShiaoYen; Hsiao JueiMing; Huang TsaiYuan
Elsevier Ltd, Oxford, UK
Annals of Tourism Research, 2016, 59, pp 45-59