Are good institutions required to import economic growth? The case of tourism. Issue 7 (November 2022)

• Record Type: Journal Article
• Authors: Belgodere, Antoine; Giannoni, Sauveur; Noblet, Sandrine
• Is Part Of: Tourism economics. Volume 28:Issue 7(2022)
• Page Start: 1943
• Page End: 1955
• Publication Date: 2022-11
• Subjects: economic growth -- institutions -- tourism; Tourism -- Periodicals; 338.4791
• DOI: 10.1177/13548166211024806
• Languages: English
• ISSNs: 1354-8166

Abstract

Does a country need good institutions to use tourism as an economic development activator? From a sample of non-organisation for economic co-operation and development countries, this article aims to assess the feasibility of tourism-led growth in different institutional settings. The results not only suggest that a tourism shock is good for gross domestic product growth but that inclusive institutions enhance the ability of a country to convert tourism into growth. It also emphasises that beyond tourism that remains a major transmission channel for growth, inclusive countries largely benefit from growth in their neighbouring countries. They are more able to import economic growth from abroad.