Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/337789 
Erscheinungsjahr: 
2024
Quellenangabe: 
[Journal:] Annals of Tourism Research Empirical Insights [ISSN:] 2666-9579 [Volume:] 5 [Issue:] 2 [Article No.:] 100126 [Year:] 2024 [Pages:] 1-8
Verlag: 
Elsevier, Amsterdam
Zusammenfassung: 
The paper aims to probe the tourism-economic growth nexus in the case of India. The paper incorporates a more structural view of sector-specific macroeconomic variables like central government expenditure on tourism (CGET), investment in the tourism industry (IOT), foreign tourist arrivals, and foreign tourist visits as explanatory parameters. Johansen's cointegration and error correction model results support the long-run relationship among the variables. All the independent variables are unidirectional causal on GDP except investment in tourism, which shows long-run bidirectional causality. Thus, the long-run unidirectional tourism-led growth hypothesis is supported. The empirical implications support government and private sector-based resource allocation towards tourism expansion, thereby escalating the country's economic growth.
Schlagwörter: 
Granger causality
India
Johansen cointegration
Time series
Tourism led economic growth
VECM model
Persistent Identifier der Erstveröffentlichung: 
Creative-Commons-Lizenz: 
cc-by Logo
Dokumentart: 
Article

Datei(en):
Datei
Größe
885.13 kB





Publikationen in EconStor sind urheberrechtlich geschützt.