Exploring the role of technology, tourism and financial development: an empirical study of Vietnam

Kumar, Ronald Ravinesh

doi:10.1007/s11135-013-9930-5

Cited by 62 publications

(46 citation statements)

References 74 publications

Supporting

Mentioning

Contrasting

Unclassified

Order By: Relevance

“…Kumar [43] explored the dynamics of the relationship between information commutation technology (ICT), tourism and financial development on economic growth in Vietnam over the period 1980-2010 using the ARDL bounds testing model. It was found that a bi-directional causation existed between tourism and output per worker indicating that both tourism and output per worker were mutually reinforcing each other.…”

Section: Literature Reviewmentioning

confidence: 99%

International Tourism and Economic Growth and Trade: Variance Decomposition Analysis

Shakouri¹,

Yazdi²,

Nategian³

et al. 2017

J Tourism Hospit

View full text Add to dashboard Cite

Section: Literature Reviewmentioning

confidence: 99%

International Tourism and Economic Growth and Trade: Variance Decomposition Analysis

Shakouri¹,

Yazdi²,

Nategian³

et al. 2017

J Tourism Hospit

View full text Add to dashboard Cite

“…(2014), Kumar (2014), Tang and Tan (2015), Tang and Abosedra (2016) are among the studies that found evidence of bi-directional causality between tourism and economic growth regardless of model specification (i.e. bi-variate, tri-variate or multivariate models).…”

Section: Studies On the Nexus Of Tourism And Economic Growthmentioning

confidence: 99%

“…Paul and Bhattacharya (2004) 1950-1996 (A) India Johansen-Juselius; Granger causality -VECM EG; EC; K; L EG  EC 4. Apergis and Payne (2009) 1980 Kumar (2014) 1980-2010 (A) Vietnam ARDL; TYDL causality -AVAR EG; TOUR; K, TE; FD EG  TOUR 37. Tang and Abosedra (2014) 2001-2009 (A) MENA Statis panel data approach; Generalised method of moment (GMM) EG; EC; TOUR; PS; K TOUR  EG 38.…”

mentioning

confidence: 99%

Dynamic inter-relationships among tourism, economic growth and energy consumption in India

Tang

Tiwari

Shahbaz

2016

Geosystem Engineering

View full text Add to dashboard Cite

This study attempts to explore the dynamic causal and inter-relationships among tourism, economic growth and energy consumption in India. This study covers the annual data from 1971 to 2012. This study applies the cointegration and generalised variance decomposition methods to verify the relationship. The bounds testing approach to cointegration and the Gregory-Hansen test for cointegration with structural break consistently reveal that energy consumption, tourism and economic growth in India are cointegrated. We find that tourism and economic growth strongly affects energy consumption in the long-run. Additionally, we also find that tourism and economic growth in India are inter-related, but the causal effect of tourism on economic growth is stronger than the other way around in both the short-and long-run. Therefore, this study concludes that the tourism-led growth hypothesis is valid but the energy-led growth hypothesis is invalid in India. With such findings, we can confirm that tourism is an important catalyst of growth to the Indian economy. Therefore, policymakers should promote and expand tourism industry in order to sustain the process of economic growth and development in India.Keywords: Cointegration; Economic growth; Energy consumption, Tourism; Variance decomposition 2 INTRODUCTIONOver the past decades, many studies pertaining to the engines of growth have been conducted with respect to developing countries. This is mainly due to the reason that they attempt to find an effective pillar to upgrade their status to developed countries. From our reading, we observe that energy and tourism are two common factors that hotly debated in the economic growth literature. Numerous studies have been conducted to verify the role of energy consumption and tourism in economic growth. However, their efforts failed to find a consistent causal relationship among economic growth, tourism and energy consumption.Some studies suggested that energy consumption and tourism stimulate long-term economic growth (e.g. Lean and Smyth, 2010;Lean and Tang, 2010;Hye and Khan, 2013;Tang and Shahbaz, 2013;Soares et al., 2014;, while other studies claimed the other way around or not related at all (e.g. Cheng, 1999;Ghosh, 2002;Oh, 2005; Katircioğlu, 2009;Alam et al., 2011;Ghosh, 2011;Ozturk and Acaravci, 2009). Therefore, it is very hard to derive a useful guideline for policymakers elsewhere to design appropriate growth policies for their economies.Apart from the ambiguity in the results, almost all existing studies likely to look at the impacts of energy consumption and tourism on economic growth separately, where these variables should be inter-related in nature. For example, tourism-related infrastructures and facilities require energy (e.g. oil and electricity) to operate them and energy is also one of the inputs of production that may link to economic growth. On the other hand, an increase in output and tourism demand such as tourist arrivals would increase the demand for energy.Then, an increase in international touri...

show abstract

“…The reverse causality from output to tourism is noted by Kumar and Kumar (2012) for Fiji, Chou (2013) for Czech Republic and Poland, Kumar (2014b) for Kenya. A bidirectional causality is noted by Dritsakis (2004aDritsakis ( , 2004b for Greece, Durbarry (2004) for Mauritius, CortezJimenez and Paulina (2006) for Italy and Spain, Massidda and Mattana (2013) for Italy, Kim, Chen, and Jang (2006) for Taiwan, Nowak, Sahli, and Cortés-Jiménez (2007) for Spain, Lee and Chang (2008) for non-OECD countries, Seetanah (2011) for 19 island countries, Ridderstaat, Croes, and Nijkamp (2014) for Aruba, Kumar (2014a) for Vietnam, Kumar, Stauvermann, Patel, Kumar, and Prasad (2015) for Cook Islands and Shahbaz, Kumar, Ivanov, and Loganathan (2015) for Malaysia. However, there are few studies that find no causality and hence conclude that tourism growth evolve independently of each other.…”

Section: Tourism and Growthmentioning

confidence: 99%

The linear and non-linear relationship between of tourism demand and output per worker: A study of Sri Lanka

Kumar

Stauvermann

2016

Tourism Management Perspectives

Self Cite

View full text Add to dashboard Cite

Exploring the role of technology, tourism and financial development: an empirical study of Vietnam

Cited by 62 publications

References 74 publications

International Tourism and Economic Growth and Trade: Variance Decomposition Analysis

International Tourism and Economic Growth and Trade: Variance Decomposition Analysis

Dynamic inter-relationships among tourism, economic growth and energy consumption in India

The linear and non-linear relationship between of tourism demand and output per worker: A study of Sri Lanka

Contact Info

Product

Resources

About