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Tourism and economic growth. Timevarying linkages between tourism receipts and economic growth in a small open economy. According to the travel and tourism competitiveness report 2017 released earlier this month april 5 by the world economic forum wef azerbaijan placed among the most improved economies in 2017.
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Visit the official travel guide of finland here. In this study we employ the novel measure of a var based spillover index developed by diebold and yilmaz 2012 to investigate the time varying relationship between tourism and economic growth in selected european countries. Tourism management 4 23 333 341.
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