Tourism as an Economic Development Factor

Tourism as an Economic Develpment Tool

TVET as an important factor in country’s economic development

Education and training for productive employment is vital for economic and social development in Asia and the Pacific. Technical and Vocational Education and Training (TVET) is viewed as a tool for productivity enhancement and poverty reduction in the region. As there is a strong correlation between the proportion of TVET students at the post-secondary level (tertiary, non-degree, ISCED 5b) and...

Tourism as a Long-run Economic Growth Factor: an Empirical Investigation for Greece Using Causality Analysis

This paper examines empirically the tourism impact on the long-run economic growth of Greece by using the causality analysis among real gross domestic product, real effective exchange rate and international tourism earnings. A multivariate autoregressive VAR model is applied for the examined period 1960:Ι – 2000:IV. The results of cointegration analysis suggested that there is one cointegrated ...

Economic Development: An Individualistic Methodology

This paper establishes two theoretical frameworks in the study of economic development. These are constitutional analysis and interdisciplinary perspective. This study acknowledges that the economists are the ones to blame for lost of the underdevelopment in many parts of the world. These two theoretical frameworks are part of an individualistic methodology. The paper first, discusses individua...

Casino Gambling as an Economic Development Strategy

Abstract: Casino gambling has experienced dramatic growth in the USA during the past seven years. Because this growth has occurred recently, there have been few systematic studies of its effects. This paper uses quasi-experimental control group methods to study 68 counties where casinos were opened during the period 1989-93 and three multi-casino counties. Results show that casino gambling is a...