Authors: Ka Ming Cheng
Addresses: Department of Economics, Auburn University, 0334 Haley Center, Auburn, AL 36849, USA
Abstract: The present paper analyses the impacts of trade openness, tourism, investment, and human capital investment on economic growth in Mauritius with aggregated and disaggregated measures. The advantage of the disaggregated measures is that they provide more information about the effects of the specific measures on growth. Error correction methodology captures the dynamics of the output growth to the specific determinants of growth. Empirical results indicate positive effects of the Export Processing Zone, tourism, investment, and human capital investment. The strategic tourism marketing policy aimed at high spending tourists has led to economic growth.
Keywords: trade openness; investment; human capital; tourism; education; economic growth; error correction model; Mauritius; export processing zone; tourism marketing; high spending tourists; strategic marketing; marketing policy.
International Journal of Tourism Policy, 2010 Vol.3 No.2, pp.159 - 174
Received: 29 Oct 2009
Accepted: 08 May 2010
Published online: 19 Jul 2010 *