A Panel Cointegration Analysis of the Impact of Tourism on Economic Growth: Evidence from the Middle East Region

被引：13

作者：

Saleh, Ali Salman ^{[1
]}

Assaf, A. George ^{[2
]}

Ihalanayake, Ranjith ^{[3
]}

Lung, Sidney ^{[3
]}

机构：

[1] Swinburne Univ Technol, Hawthorn, Vic 3122, Australia

[2] Univ Massachusetts, Isenberg Sch Management, Amherst, MA 01003 USA

[3] Victoria Univ, Sch Accounting & Finance, Footscray, Vic, Australia

来源：

INTERNATIONAL JOURNAL OF TOURISM RESEARCH | 2015年 / 17卷 / 03期

关键词：

tourism; economic growth; panel cointegration; Middle East; CROSS-SECTION; LONG-RUN; UNIT ROOTS; TESTS; REGRESSION; EFFICIENCY; INDUSTRY;

D O I：

10.1002/jtr.1976

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

This paper examines the contribution of tourism industry to the GDP of three selected destinations in the Middle East region: Bahrain, Jordan and Saudi Arabia. We introduce a quadratic functional form and apply the advanced panel cointegration dynamic model with robust estimation to test our hypothesis. Our analysis is based on a comprehensive set of panel data of tourism receipts, education investment, foreign direct investment and fixed capital formation over the period of 1981-2008. The results show a long-run relationship between tourism growth and GDP. We also show that tourism has a stronger impact on the economy than other related sectors. Copyright (c) 2013 John Wiley & Sons, Ltd.

引用

页码：209 / 220

页数：12

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