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Title: Does a common currency promote countries' growth via trade and tourism
Authors: Santana Gallego,Maria 
Ledesma Rodríguez,Francisco 
Pérez Rodríguez, Jorge Vicente 
Corteś Jimeńez, Isabel
UNESCO Clasification: 531290 Economía sectorial: turismo
Keywords: Mercado
Desarrollo económico
Issue Date: 2010
Publisher: 0378-5920
Journal: World Economy 
Abstract: The main aim of this study is to contribute to the debate on the effects of a common currency. In particular, the impact of a common currency on growth via trade and tourism is explored for a panel dataset which includes 179 countries as destination and 30 OECD countries as origin over the period 1995-2006. This research contributes to previous work in three ways: (i) tourism is included as an additional channel for a common currency to promote growth; (ii) the heterogeneity of countries is addressed by dividing the sample into three groups of countries by income; and (iii) up-to-date data including the case of the euro are considered. The results obtained suggest that a common currency strengthens economic growth by promoting not only international trade but also tourism.
ISSN: 0378-5920
DOI: 10.1111/j.1467-9701.2010.01305.x
Source: World Economy[ISSN 0378-5920],v. 33, p. 1811-1835
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