LEADER 03629nam 2200661Ia 450 001 9910827475003321 005 20200520144314.0 010 $a1-4623-8099-9 010 $a1-4527-6217-1 010 $a1-4518-7323-9 010 $a9786612843877 010 $a1-282-84387-7 035 $a(CKB)3170000000055326 035 $a(EBL)1608405 035 $a(SSID)ssj0000939950 035 $a(PQKBManifestationID)11518974 035 $a(PQKBTitleCode)TC0000939950 035 $a(PQKBWorkID)10946354 035 $a(PQKB)10037270 035 $a(OCoLC)450034800 035 $a(IMF)WPIEE2009176 035 $a(MiAaPQ)EBC1608405 035 $a(EXLCZ)993170000000055326 100 $a20100609d2009 uf 0 101 0 $aeng 135 $aur|n|---||||| 181 $ctxt 182 $cc 183 $acr 200 10$aTourism specialization and economic development $eevidence from the UNESCO World Heritage List /$fprepared by Rabah Arezki, Reda Cherif, and John Piotrowski 205 $a1st ed. 210 $a[Washington, D.C.] $cInternational Monetary Fund, IMF Institute and Fiscal Affairs Dept.$d2009 215 $a1 online resource (26 p.) 225 1 $aIMF working paper ;$vWP/09/176 300 $a"July 2009." 311 $a1-4519-1749-X 320 $aIncludes bibliographical references. 327 $aContents; 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 327 $a2. 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 330 3 $aThe present paper investigates whether tourism specialization is a viable strategy for development. We estimate standard growth equations augmented with a variable measuring tourism specialization using instrumental variables techniques for a large cross-section of countries for the period 1980-2002. We introduce an instrument for tourism based on the UNESCO World Heritage List. We find that there is a positive relationship between the extent of tourism specialization and economic growth. An increase of one standard deviation in the share of tourism in exports leads to about 0.5 percentage point in additional annual growth, everything else being constant. Our result holds against a large array of robustness checks. 410 0$aIMF working paper ;$vWP/09/176. 606 $aTourism 606 $aEconomic development 615 0$aTourism. 615 0$aEconomic development. 676 $a301.24 700 $aArezki$b Rabah$01595842 701 $aCherif$b Reda$01645381 701 $aPiotrowski$b John M$01762744 712 02$aIMF Institute. 712 02$aInternational Monetary Fund.$bFiscal Affairs Dept. 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910827475003321 996 $aTourism specialization and economic development$94202862 997 $aUNINA