%0 Journal Article
%T Testing tourism-led economic growth and economic-driven tourism growth hypotheses: The case of Georgia
%A Ahmadova
%A Nargiz
%A Aliyev
%A Khatai
%J -
%D 2020
%R 10.37741/t.68.1.4
%X Sa£żetak This paper empirically investigates a causal relationship between tourism and economic growth in Georgia for 1997-2018 period by employing ARDLBT approach to cointegration. Results reject economic-driven tourism growth hypothesis for Georgia and reveal that impact of tourism development over economic growth is negative in the long-run, in contrary positive in the short-run. Obtained results suggest that there is a possibility to have a tourism resource curse in the long-term in Georgia. Georgian government should build a tourism strategy to avoid crowding out of human capital from industrial production and decrease the share of imports for the needs of tourism sector
%K tourism-led growth
%K economic-driven tourism
%K tourism resource curse
%K crowding out
%K Georgia
%U https://hrcak.srce.hr/index.php?show=clanak&id_clanak_jezik=343200