T.W. Swan's scientific contributions

Citations

... One example is the debate over the tourism-led economic growth (TLEG) hypothesis, pointed out by Song et al. (2012) and Song and Wu (2021). Most TLEG studies (e.g., Benkraiem et al., 2021;Dibeh et al., 2020) have models based on the Solow-Swan model (Solow, 1956;Swan, 1956), adding tourism (measured either as tourist arrivals or tourism receipts) as an influencing factor in the production function. Although this specification has often generated satisfying empirical results, the theoretical justification for adding tourism as a factor input is questionable. ...