How much economic stimulus does tourism provide by generating jobs in various local
industry sectors? Using data across 43 US metropolitan statistical areas during 1987–2006,
we analyze the impact of tourism inflows—proxied by the number of hotel rooms sold—on
the employment in 22 non-hotel industries. We estimate a dynamic labor demand model
with inter-industry spillover effects, using various estimators including GMM-based dynamic
panel methods. We find statistically and economically significant effects—an additional 100 …