A note on the human capital and tourism growth nexus: a semi-parametric approach

A note on the human capital and tourism growth nexus: a semi-parametric approach

We investigate the impact of human capital on tourism growth by using a semi-parametric fixed effects estimator developed in Baltagi and Li (2002). The results shed new light on the existing literature since they unveil strong non-linear effects of human capital on tourism growth. Furthermore, we un...

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Veröffentlicht in:Economics and business letters 2022-06, Vol.11 (2), p.79-87
1. Verfasser: Oikonomou, Aikaterina
Format: Artikel
Sprache:eng
Schlagworte:
Human capital
Labour substitutability
parametric analysis
Semi
Tourism growth
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Zusammenfassung:We investigate the impact of human capital on tourism growth by using a semi-parametric fixed effects estimator developed in Baltagi and Li (2002). The results shed new light on the existing literature since they unveil strong non-linear effects of human capital on tourism growth. Furthermore, we uncover a non-monotonic “M-shaped” curve between human capital and growth when we impose the assumption of imperfect labor substitutability.
ISSN:2254-4380
2254-4380
DOI:10.17811/ebl.11.2.2022.79-87