Гипотеза о стимулирующем воздействии туризма на ВВП
The paper contributes to empirical evidence of tourism-led growth (TLG) hypothesis. The research is based on a balanced panel data for 116 countries from the World Bank, 1995–2017. International tourism receipts, its share in GDP, and annual number of international tourist arrivals per capita are used as indicators of countries’ specialization on tourism. Granger (non) causality test as long as autoregressive distributed lags models with heterogeneous parameters and control for cross-sectional dependence are in line with the TLG-hypothesis.