Munich Personal RePEc Archive

Economic Growth and Tourism in Barbados: A Test of the Supply-side Hypothesis

Jackman, Mahalia and Lorde, Troy (2009): Economic Growth and Tourism in Barbados: A Test of the Supply-side Hypothesis. Published in: Tourismos , Vol. 7, No. 2 (2012): pp. 203-215.

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Abstract

The goal of this study is to examine the supply side hypothesis of tourism demand, that is, to answer the question: Does economic growth in Barbados spur tourism growth. Results suggest that there is a long-run relationship between real GDP in Barbados and tourist arrivals. Specifically, we find that a 1% expansion in real GDP is associated with a 1.2% increase in tourist arrivals. Further, our Granger causality test suggests that the supply-side hypothesis is valid for Barbados.

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