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

• Michael Polemis ^[1] ; Aikaterina Oikonomou
  1. [1] University of Piraeus

     University of Piraeus

     Grecia

     
• Localización: Economics and Business Letters, ISSN-e 2254-4380, Vol. 11, Nº. 2, 2022, págs. 79-87
• Idioma: inglés
• Enlaces
  • Texto completo (pdf)
• Resumen

  • 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.