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Abstract

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...

Author(s)
Wu PoChin; Liu ShiaoYen; Hsiao JueiMing; Huang TsaiYuan
Publisher
Elsevier Ltd, Oxford, UK
Citation
Annals of Tourism Research, 2016, 59, pp 45-59