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

共 50 条

[21] Inequality and growth: evidence from panel cointegration
Dierk Herzer
Sebastian Vollmer
The Journal of Economic Inequality, 2012, 10 : 489 - 503
[22] Investigating the influence of tourism on economic growth and carbon emissions: Evidence from panel analysis of the European Union
Lee, Jung Wan
Brahmasrene, Tantatape
TOURISM MANAGEMENT, 2013, 38 : 69 - 76
[23] Tourism and economic growth nexus revisited: A panel causality analysis for the case of the Mediterranean Region
Tugcu, Can Tansel
TOURISM MANAGEMENT, 2014, 42 : 207 - 212
[24] Correlates of economic growth in developing countries: a panel cointegration approach
Neelankavil, James
Stevans, Lonnie
Roman, Francisco, Jr.
INTERNATIONAL REVIEW OF APPLIED ECONOMICS, 2012, 26 (01) : 83 - 96
[25] Demographic change and economic growth: empirical evidence from the Middle East
Abdullah Abdulaziz A. Bawazir
Mohamed Aslam
Ahmad Farid Bin Osman
Economic Change and Restructuring, 2020, 53 : 429 - 450
[26] Demographic change and economic growth: empirical evidence from the Middle East
Bawazir, Abdullah Abdulaziz A.
Aslam, Mohamed
Bin Osman, Ahmad Farid
ECONOMIC CHANGE AND RESTRUCTURING, 2020, 53 (03) : 429 - 450
[27] Design and Economic Growth: Panel Cointegration and Causality Analysis
Bidirici, Melike
Bohur, Eda
PROCEEDINGS OF THE 4TH INTERNATIONAL CONFERENCE ON LEADERSHIP, TECHNOLOGY, INNOVATION AND BUSINESS MANAGEMENT (ICLTIBM-2014), 2015, 210 : 193 - 202
[28] Nexus of tourism, terrorism, and economic growth in Thailand: new evidence from asymmetric ARDL cointegration approach
Fareed, Zeeshan
Meo, Muhammad Saeed
Zulfiqar, Bushra
Shahzad, Farrukh
Wang, Nianyong
ASIA PACIFIC JOURNAL OF TOURISM RESEARCH, 2018, 23 (12) : 1129 - 1141
[29] Climate change, governance, and economic growth in Asia: a panel cointegration analysis
Ullah, Sabeeh
Arif, Muhammad
Hussain, Shahzad
Al-Faryan, Mamdouh Abdulaziz Saleh
COGENT ECONOMICS & FINANCE, 2024, 12 (01):
[30] Tourism, economic growth, and tourism-induced EKC hypothesis: evidence from the Mediterranean region
Gao, Jing
Xu, Wen
Zhang, Lei
EMPIRICAL ECONOMICS, 2021, 60 (03) : 1507 - 1529

← 1 2 3 4 5 →