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Chang, T. (2002). An Econometric Test of Wagner’s Law for Six Countries Based on Cointegration and Error-Correction Modeling Techniques. Applied Economics, 34, 1157-1169.
https://doi.org/10.1080/00036840110074132

has been cited by the following article:

• TITLE: Tourism and Economic Growth: A Comparative Study for Two Emerging Countries

  AUTHORS: Antonios Adamopoulos

  KEYWORDS: Economic Growth, Tourism Growth, System Equation Model, Monte Carlo Simulation, Sensitivity Analysis

  JOURNAL NAME: Theoretical Economics Letters, Vol.13 No.2, March 14, 2023

  ABSTRACT: This paper aims at investigating the interrelation between economic and tourism growth, by making use of a system equation model for two most emerging countries China and Mexico covering the time period from 1995 to 2017. Seemingly unrelated regression estimation (SURE) method is selected for estimation of the structural system equation model. Finally, a Monte Carlo simulation method is applied for sensitivity analysis of the regression model. Tourism growth affects economic growth positively and statistical significantly in two emerging countries such as China and Mexico based on tourism-led growth theory.