Nonlinear effect of tourism on economic growth: evidence from Papua New Guinea

Kumar, Nikeel Nishkar; Patel, Arvind; Chandra, Ravinay Amit; Kumar, Navneet

doi:10.1080/19407963.2022.2062599

Cited by 9 publications

(14 citation statements)

References 54 publications

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“…Balsalobre-Lorente et al (2021) and Kumar et al (2022a) find that negative unit shocks in tourism reduce growth by a larger amount than positive shocks increase growth. In contrast to both, Kumar et al (2022b) find that only positive tourism shocks significantly increase economic growth in Papua New Guinea. Eyuboglu and Eyuboglu (2020) consider the asymmetric causality between tourism and growth in nine emerging and developing economies.…”

Section: Literature Reviewcontrasting

confidence: 89%

“…Two themes emerge on the pattern of asymmetric effects concerning the direction of change in tourism. First, the results indicate that only positive tourism shocks have a significant effect on TFP (Kumar et al, 2022b). This is observed in the overall sample, and in many of the sub-samples such as the top 10 destinations, most dependent economies, and developing economies.…”

Section: Resultsmentioning

confidence: 96%

“…PMG is a panel ARDL model estimated by maximum likelihood. It allows for short-run slope heterogeneity but the long-run parameters are restricted to remain the same across cross-sectional units (Kumar et al, 2022b). Long-run slope homogeneity has valid theoretical foundations and is empirically verified (Asafu-Adjaye et al, 2016; Kumar & Kumar, 2020).…”

Section: Methodsmentioning

confidence: 99%

“…Research on asymmetries in the TLGH includes Kumar et al (2020, 2022a, b), Eyuboglu and Eyuboglu (2020), Balsalobre-Lorente et al (2021), and Liu et al (2022). Kumar et al (2020) find that positive unit shocks to tourism increase growth by a larger amount than negative unit shocks reduce growth.…”

Section: Literature Reviewmentioning

confidence: 99%

“…They also find negative tourism shocks Granger cause negative income shocks in the Philippines. Kumar et al (2022b), andEyuboglu andEyuboglu (2020) underscore the chance of hidden causality in the TLGH. This is where positive tourism shocks increase growth but negative shocks are unrelated to growth, or where negative tourism shocks reduce growth while positive shocks do not affect growth.…”

Section: Literature Reviewmentioning

confidence: 99%

See 4 more Smart Citations

Modelling the asymmetric productivity effects of tourism demand

Kumar¹

2023

Tourism Economics

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A recent critique of the tourism-growth literature raises concerns about whether tourism leads to permanent economic growth. We argue that tourism can be linked to total factor productivity. Tourism demand spurs efficiency gains in the tourism sector through learning by doing. However, because tourism is demand-led, asymmetric effects may arise in the tourism-productivity association. To model the permanent growth effects of tourism, we use panel asymmetric ARDL models with annual data from 94 countries over the period 1995–2018. The finding implies that tourism has permanent but asymmetric growth effects.

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Section: Literature Reviewcontrasting

confidence: 89%

Section: Resultsmentioning

confidence: 96%

Section: Methodsmentioning

confidence: 99%

Section: Literature Reviewmentioning

confidence: 99%

Section: Literature Reviewmentioning

confidence: 99%

See 3 more Smart Citations

Modelling the asymmetric productivity effects of tourism demand

Kumar¹

2023

Tourism Economics

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The role of tourism in driving economic growth: An asymmetric augmented autoregressive distributed lag analysis of Singapore's experience

Karimi,

Karamelikli,

Naysary

2024

Journal of Tourism Research

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Tourism has long been recognized as a potential force for economic growth in various parts of the globe. This study revisits this causal relationship to demonstrate the consequences of long‐run and short‐run effects between tourism development and economic growth in the context of Singapore for the period 1983:1 to 2020:4. We employ an augmented autoregressive distributed lag (AARDL) to prevent degenerative results and ensure the robustness of findings. We also control for variables such as foreign direct investment, net export, gross fixed capital formation, labor, and government expenditure. The overall empirical results provide support for the positive implications of tourism development for economic growth in Singapore in the long run, and its elasticity is 0.14 in increasing and 0.08 in decreasing. This implies that tourism can be one of the important factors for Singapore's economic growth in the long run, but in the short run, the impact is either negative or insignificant. This study provides important policy implications and recommendations.

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Exploring the linear and non-linear effects of tourism on economic growth in the Cabo Verde Islands: evidence from the ARDL and NARDL models

Tavares,

Damásio

2024

Current Issues in Tourism

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Nonlinear effect of tourism on economic growth: evidence from Papua New Guinea

Cited by 9 publications

References 54 publications

Modelling the asymmetric productivity effects of tourism demand

Modelling the asymmetric productivity effects of tourism demand

The role of tourism in driving economic growth: An asymmetric augmented autoregressive distributed lag analysis of Singapore's experience

Exploring the linear and non-linear effects of tourism on economic growth in the Cabo Verde Islands: evidence from the ARDL and NARDL models

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