Tourism Specialization and Economic Development : Evidence from the UNESCO World Heritage List »
Journal Issue
Volume/Issue: 2009/176
Series: IMF Working Papers
Author(s): John Piotrowski , Rabah Arezki , and Reda Cherif
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 August 2009
DOI: http://dx.doi.org/10.5089/9781451873238.001
ISBN: 9781451873238
Keywords: economic development and growth and instrumental variables, unesco world heritage, heritage, world heritage,
The present paper investigates whether tourism specialization is a viable strategy for development. We estimate standard growth equations augmented with a variable measuring tourism specialization using instrumenta...