Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/54079 
Year of Publication: 
2011
Series/Report no.: 
WIDER Working Paper No. 2011/33
Publisher: 
The United Nations University World Institute for Development Economics Research (UNU-WIDER), Helsinki
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

Files in This Item:
File
Size
428.67 kB





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.