Measuring the Impact of Tourism on Economic Growth

Author:

Ivanov Stanislav1,Webster Craig2

Affiliation:

1. International College - Albena, 3 Bulgaria St, 9300 Dobrich, Bulgaria

2. Intercollege, 46 Makedonitissas Ave, 1700 Nicosia, Cyprus

Abstract

This paper presents a methodology for measuring the contribution of tourism to an economy's growth, which is tested with data for Cyprus, Greece and Spain. The authors use the growth of real GDP per capita as a measure of economic growth and disaggregate it into economic growth generated by tourism and economic growth generated by other industries. The methodology is compared with other existing methodologies; namely, Tourism Satellite Account, Computable General Equilibrium models and econometric modelling of economic growth.

Publisher

SAGE Publications

Subject

Tourism, Leisure and Hospitality Management,Geography, Planning and Development

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