Tourism development and economic growth: theoretical underpinnings and agenda for future research
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28 November 2022
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Tourism development has been more recently added to these growth inductive factors and the idea of tourism development as a boost of economic growth (coined as the Tourism Led-Growth Hypothesis) has emerged as an extension of the Export Led-Growth Hypothesis with tourism considered as an alternative form of export. A number of theoretical avenues has since been put forward. This book chapter aims to provide the various theoretical arguments that explain the impact of tourism development on economic growth and discusses the different strands of the empirical literature including the conditional, reverse and bi-causal relationship in the tourism-growth nexus.
