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| Mahalia Jackman and Troy Lorde |
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| ''On the Relationship between Tourist Flows and Household Expenditure in Barbados: A Dynamic OLS Approach'' |
| ( 2010, Vol. 30 No.1 ) |
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| Keynesians propose that increases in tourist arrivals are associated with an expansion in private spending through the multiplier effect. To test this hypothesis, this study augments a simple consumption function with tourist arrivals and employs the dynamic OLS method to compute the short and long run relationships of the variables. Results suggest that while tourist arrivals have a positive correlation with household expenditure in the short run, it does not Granger cause household expenditure consumption. |
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| Tourism, Consumption, Barbados, Dynamic OLS |
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| Manuscript Received : Aug 20 2009 | | Manuscript Accepted : Feb 08 2010 |
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