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Title:Tourism and economic growth: African evidence from panel vector autoregressive framework PDF Logo
Authors:Seetanah, Boopen
Padachi, Kessevan
Rojid, Sawkut
Issue Date:2011
Series/Report no.:Working paper // World Institute for Development Economics Research 2011,33
Abstract:Using a panel vector autoregressive model this paper investigates the dynamic and endogeneous contribution of tourism to output based on a sample of 40 African countries for the period 1990 - 2006. Results from the study confirm tourism to be an important ingredient of African development although private investment, openness, and human capital remain the main drivers. Further analysis reveals the existence of a reverse causation from national income to tourism development, thus confirming both tourism-led economic development and economic-driven tourism growth. Tourism is also observed to enhance private investment and the presence of bicausality between private investment, education, and income level is observed.
Subjects:tourism
economic growth
Africa
panel vector autoregression
JEL:C23
O11
ISBN:978-92-9230-398-3
Document Type:Working Paper
Appears in Collections:WIDER Working Papers, United Nations University (UNU)

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