| Summary: | The relationship between tourism, economic growth, and employment consists of an important issue that has been recorded in several studies that demonstrate its importance in order to adopt policies that will bring financial support to a country.
In this dissertation, we will examine the contribution of tourism to employment through a number of factors. In particular, we will examine whether domestic or foreign tourism expenditure enhances tourism's contribution to employment as well as whether leisure or business tourism spending has the greatest contribution as well. Those research questions will be studied with regard to the 35 countries with the greatest contribution of tourism to GDP, as well as the countries with the fastest growth in terms of travel and tourism contribution to GDP. Actually, those research questions will be examined according to various country characteristics, such as whether they are island economies or not, their income level as well as their level of development.
In order to carry out our empirical analysis, we use Panel Data and more specifically two Fixed Effects (FE) models. According to the findings of the present study, tourism is indeed a source of employment, especially in the case of low-income countries. International tourism spending as well as spending on leisure tourism seem to contribute most to employment. However, in the course of the dissertation a couple of differences between the characteristics of the chosen countries will be briefly analyzed.
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