Contents of the volume

2021, Volume 74 - Issue 3

ISSN: 2499-8265
RSS feed citation: At RePEc
Publication date: 30 August 2021


Elena Seghezza

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Giuseppe Mastromatteo

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Abdulnasser Hatemi-J, Per-Ola Maneschiöld

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Antonios Adamopoulos

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Sheilla Nyasha, Nicholas M. Odhiambo

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Christer Thrane, Antonio Menezes , Ainura Uzagalieva

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Genoa Chamber of Commerce
Economia Internazionale / International Economics

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Corresponding author

Abdulnasser HATEMI-J, Department of Accounting and Finance, College of Business and Economics, UAE University, Al Ain, The United Arab Emirates


Per-Ola MANESCHIöLD, Department of Business, Karlstad University, Karlstad, Sweden

Testing for the Tourism Led Economic Growth Hypothesis in Sweden with Structural Breaks




Many emerging as well as frontier markets have promoted tourism for achieving economic growth. This paper investigates empirically the impact of tourism receipts on the economic performance in Sweden.  The results of tests for cointegration reveal that there is a long run relationship between the underlying variables if the effect of two unknown structural breaks are accounted for. The elasticity of the GDP with regard to revenue from tourism is around 0.99, which decreases during 1973-1977 but increases during 1978-2017.  The result from the bootstrap causality test also shows that the tourism-led growth hypothesis is empirically supported in the case of Sweden.



JEL classification

C32, E01, F43


Tourism Receipts, Economic Growth, Sweden, Structural Breaks, Bootstrap Causality Test


  1. Introduction
  2. Brief literature review
  3. Methodology
  4. Empirical findings
  5. Conclusions


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