REFERENCES
- Abadie, A., & Gardeazabal, J. (2003). The economic costs of conflict: A case study of the Basque country. American Economic Review, 93(1), 113–132. https://doi.org/https://doi.org/10.1257/000282803321455188
- Accetturo, A., Lamorgese, A., Mocetti, S., & Pellegrino, D. (2019). Housing supply elasticity and growth: Evidence from Italian cities (Working Papers No. 1267). Bank of Italy.
- Altonji, J. G., Elder, T. E., & Taber, C. R. (2005). Selection on observed and unobserved variables: Assessing the effectiveness of Catholic schools. Journal of Political Economy, 113(1), 151–184. https://doi.org/https://doi.org/10.1086/426036
- Antonakakis, N., Dragouni, M., & Filis, G. (2015). How strong is the linkage between tourism and economic growth in Europe? Economic Modelling, 44(C), 142–155. https://doi.org/https://doi.org/10.1016/j.econmod.2014.10.018
- Balaguer, J., & Cantavella-Jordá, M. (2002). Tourism as a long-run economic growth factor: The Spanish case. Applied Economics, 34(7), 877–884. https://doi.org/https://doi.org/10.1080/00036840110058923
- Bank of Italy. (2012). The microdata of the sample survey of international tourism for Italy. http://www.bancaditalia.it/statistiche/rapp_estero/tourism-int
- Bank of Italy. (2017a). Survey on international tourism – 2017, Statistics series.
- Bank of Italy. (2017b). Survey on international tourism. Methods and sources: methodological notes.
- Barro, R., & Sala-i-Martin, X. (2004). Economic growth. MIT Press.
- Bartik, T. (1991). Who benefits from state and local economic development policies? W. E. Upjohn Institute.
- Brida, J. G., Cortes-Jimenez, I., & Pulina, M. (2016). Has the tourism-led growth hypothesis been validated? A literature review. Current Issues in Tourism, 19(5), 394–430. https://doi.org/https://doi.org/10.1080/13683500.2013.868414
- Bronzini, R., Mocetti, S., & Mongardini, M. (2020). The economic effects of big events: Evidence from the great jubilee 2000 in Rome. Journal of Regional Science, 60(4), 801–822. https://doi.org/https://doi.org/10.1111/jors.12485
- Capó, J., Font, A. R., & Nadal, J. R. (2007). Dutch disease in tourism economies: Evidence from the Balearics and the Canary Islands. Journal of Sustainable Tourism, 15(6), 615–627. https://doi.org/https://doi.org/10.2167/jost698.0
- Chao, C.-C., Hazari, B. R., Laffargue, J.-P., Sgro, P. M., & Yu, E. S. H. (2006). Tourism, Dutch disease and welfare in an open dynamic economy. The Japanese Economic Review, 57(4), 501–515. https://doi.org/https://doi.org/10.1111/j.1468-5876.2006.00400.x
- Chen, Y., & Ioannides, Y. M. (2020). International tourism and short-run growth (Working Papers). Tufts University.
- Copeland, B. R. (1991). Tourism, welfare and de-industrialization in a small open economy. Economica, 58(232), 515–529. https://doi.org/https://doi.org/10.2307/2554696
- Cortes-Jimenez, I. (2008). Which type of tourism matters to the regional economic growth? The cases of Spain and Italy. International Journal of Tourism Research, 10(2), 127–139. https://doi.org/https://doi.org/10.1002/jtr.646
- Faber, B., & Gaubert, C. (2019). Tourism and economic development: Evidence from Mexico’s coastline. American Economic Review, 109(6), 2245–2293. https://doi.org/https://doi.org/10.1257/aer.20161434
- Holzner, M. (2011). Tourism and economic development: The Beach Disease? Tourism Management, 32(4), 922–933. https://doi.org/https://doi.org/10.1016/j.tourman.2010.08.007
- Kim, Y. R., Williams, A. M., Pak, S., & Chen, J. L. (2021). Spatial spillovers of agglomeration economies and productivity in the tourism industry: The case of the UK. Tourism Management, 82(February), 104201. https://doi.org/https://doi.org/10.1016/j.tourman.2020.104201
- Lanza, A., Temple, P., & Urga, G. (2003). The implications of tourism specialization in the long run: An econometric analysis for 13 OECD economies. Tourism Management, 24(3), 315–321. https://doi.org/https://doi.org/10.1016/S0261-5177(02)00065-1
- Lee, C.-C., & Chang, C.-P. (2008). Tourism development and economic growth: A closer look at panels. Tourism Management, 29(1), 180–192. https://doi.org/https://doi.org/10.1016/j.tourman.2007.02.013
- Muzzicato, S., Sabbatini, R., & Zollino, F. (2008). Prices of residential property in Italy: constructing a new indicator, Questioni di Economia e Finanza (Occasional Papers No. 17). Bank of Italy.
- Nowak, J.-J., & Sahli, M. (2007). Coastal tourism and ‘Dutch disease’ in a small island economy. Tourism Economics, 13(1), 49–65. https://doi.org/https://doi.org/10.5367/000000007779784452
- Oster, E. (2019). Unobservable selection and coefficient stability: Theory and evidence. Journal of Business & Economic Statistics, 37(2), 187–204. https://doi.org/https://doi.org/10.1080/07350015.2016.1227711
- Paci, R., & Marrocu, E. (2014). Tourism and regional growth in Europe. Papers in Regional Science, 93(S1), S25–S50. https://doi.org/https://doi.org/10.1111/pirs.12085
- Parente, P. M. D. C., & Santos Silva, J. M. C. (2012). A cautionary note on tests of overidentifying restrictions. Economics Letters, 115(2), 314–317. https://doi.org/https://doi.org/10.1016/j.econlet.2011.12.047
- Pisati, M. (2001). Tools for spatial data analysis. Stata Technical Bulletin, 10(60), 21–37.
- Rajan, R. G., & Subramanian, A. (2008). Aid and growth: What does the cross-country evidence really show? Review of Economics and Statistics, 90(4), 643–665. https://doi.org/https://doi.org/10.1162/rest.90.4.643
- Roodman, D. (2009). How to do xtabond2: An introduction to difference and system GMM, in Stata. The Stata Journal: Promoting Communications on Statistics and Stata, 9(1), 86–136. https://doi.org/https://doi.org/10.1177/1536867X0900900106
- Schubert, S. F., Brida, J. G., & Risso, W. A. (2011). The impacts of international tourism demand on economic growth of small economies dependent on tourism. Tourism Management, 32(2), 377–385. https://doi.org/https://doi.org/10.1016/j.tourman.2010.03.007
- Smeral, E. (2003). A structural view of tourism growth. Tourism Economics, 9(1), 77–93. https://doi.org/https://doi.org/10.5367/000000003101298286
- Song, H., Dwyer, L., & Zhengcao, G. L. (2012). Tourism economics research: A review and assessment. Annals of Tourism Research, 39(3), 1653–1682. https://doi.org/https://doi.org/10.1016/j.annals.2012.05.023
- Tugcu, C. T. (2014). Tourism and economic growth nexus revisited: A panel causality analysis for the case of the Mediterranean region. Tourism Management, 42(June), 207–212. https://doi.org/https://doi.org/10.1016/j.tourman.2013.12.007
- Wang, B., & Xia, M. (2013). A study on the relationship between tourism industry and regional economic growth—A case study of Jiangsu Gaochun district. Modern Economy, 04(7), 482–488. https://doi.org/https://doi.org/10.4236/me.2013.47052
- Zhang, J., Madsen, B., & Jensen-Butler, C. (2007). Regional economic impacts of tourism: The case of Denmark. Regional Studies, 41(6), 839–854. https://doi.org/https://doi.org/10.1080/00343400701281733