Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/228021
Authors: 
Nyasha, Sheilla
Odhiambo, Nicholas M.
Asongu, Simplice
Year of Publication: 
2020
Series/Report no.: 
AGDI Working Paper No. WP/20/044
Publisher: 
African Governance and Development Institute (AGDI), Yaoundé
Abstract: 
This study examines the dynamic impact of tourism development on economic growth in subSaharan Africa (SSA) using the Generalised Method of Moments and data covering the period from 2002 to 2018. The increasingly important role of tourism and the limelight the tourism sector has been enjoying of late, on the one hand, and the lack of sufficient coverage of tourismgrowth nexus studies in Africa in general and in SSA in particular, motivated this study. Unlike most of the known panel data-based studies on tourism development and economic growth, this study has split the sub-Saharan African countries into low-income and middle-income subSaharan African countries. The results of the study show that tourism expenditure negatively affects economic growth while tourism receipts have the opposite effect in SSA. The findings are robust to the low-income sub-sample while only the effect of tourism expenditure is robust in the middle-income sub-sample.
Subjects: 
Tourism Development
Economic Growth
Sub-Saharan Africa
SSA
MiddleIncome Countries
Low Income Countries
Generalised Method of Moments
GMM
JEL: 
O10
O40
Z3
Z32
Document Type: 
Working Paper

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