Erschienen:
Centre for Evaluation in Education and Science (CEON/CEES), 2021
Erschienen in:
Geographica Pannonica, 25 (2021) 1, Seite 53-62
Sprache:
Englisch
DOI:
10.5937/gp25-29541
ISSN:
0354-8724;
1820-7138
Entstehung:
Anmerkungen:
Beschreibung:
The paper investigates the nexus of tourism spending (i.e. leisure and business tourism spending) with economic performance (i.e. GDP and employment) for the Eurozone countries, during the period 2000-2018, employing sophisticated panel data analysis techniques. The issue is salient, given that within the Eurozone economic space the abolition of border impediments has released dynamics and brought into surface a new mix of opportunities, threats and challenges that has been changing the balance between centripetal and centrifugal forces. The findings of the paper identify the long-run equilibrium and confirm the bi-directional relationships among the variables considered, thus contributing to the discussion on the relationship between tourism and economic performance.