1.

Record Nr.

UNINA9910464009403321

Autore

Arezki Rabah

Titolo

Tourism specialization and economic development [[electronic resource] ] : evidence from the UNESCO World Heritage List / / prepared by Rabah Arezki, Reda Cherif, and John Piotrowski

Pubbl/distr/stampa

[Washington, D.C.], : International Monetary Fund, IMF Institute and Fiscal Affairs Dept., 2009

ISBN

1-4623-8099-9

1-4527-6217-1

1-4518-7323-9

9786612843877

1-282-84387-7

Descrizione fisica

1 online resource (26 p.)

Collana

IMF working paper ; ; WP/09/176

Altri autori (Persone)

CherifReda

PiotrowskiJohn M

Disciplina

301.24

Soggetti

Tourism

Economic development

Electronic books.

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Note generali

"July 2009."

Nota di bibliografia

Includes bibliographical references.

Nota di contenuto

Contents; I. Introduction; Figures; 1. Economic Growth and Tourism Specialization; II. UNESCO World Heritage List as An Instrument for Tourism Specialization; 2. UNESCO World Heritage Around the World; Tables; 1. Regional and Historical Distribution of World Heritage Sites (2002); 2. Correlation Between Total UNESCO World Heritage Sites and Average UN Voting Coincidence, 1980-2000; III. Empirical Investigation; A. Data and Specification; B. Results; 3. Benchmark Regressions; C. Robustness; IV. Conclusion; Appendixes; I. Data Description and Sources; Appendix Tables; 1. Data Description

2. Countries Included in the SampleII. Additional Robustness Checks; 3. Robustness using Various WHL; 4. Robustness to Using Only Cultural Sites; 5. Robustness to Removing various Centuries from the WHL; 6. Robustness to Using Additional Instruments for Tourism; 7. Robustness to using Different Measures of GDP; References



Sommario/riassunto

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 instrumental variables techniques for a large cross-section of countries for the period 1980-2002. We introduce an instrument for tourism based on the UNESCO World Heritage List. We find that there is a positive relationship between the extent of tourism specialization and economic growth. An increase of one standard deviation in the share of tourism in exports leads to about 0.5 percentage poi