Glauco De Vita|Khine Kyaw
Tourism Specialization, Absorptive Capacity, and Economic Growth
Coventry University|Cardiff Metropolitan University
article investigates relationship tourism specialization economic growth accounting absorptive capacity host tourism destination countries defined terms financial system development use system generalized methodsofmoments sysgmm estimation methodology investigate relationship 129 countries period 19952011 results support hypothesis positive effect tourism specialization growth contingent level economic development well financial system absorptive capacity recipient economies consistent law diminishing returns also find countries developed financial system exponential levels tourism specialization effect growth turns negative significant policy implications flow findings