Testing the role of tourism and human capital development in economic growth. A panel causality study of micro states

Fahimi, Amin; Akadırı, Seyi Saint; Seraj, Mehdi; Akadiri, Ada Chigozie

doi:10.1016/j.tmp.2018.08.004

Cited by 121 publications

(73 citation statements)

References 75 publications

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“…That is, the knowledge spillover of human capital and the complementarity of factors can improve labor productivity. Second, human capital promotes economic growth by promoting technological progress and improving production efficiency; that is, by indirectly promoting economic growth by influencing economic development activities [40,41]. Third, the improvement in the health of human capital brought about by improved food security and nutrition not only improves the proportion of workers in the total population but also promotes improved labor intensity or labor productivity, thus promoting economic development.…”

Section: Interactive Relationship Between Economic Development and Pomentioning

confidence: 99%

Interactive Relationship among Urban Expansion, Economic Development, and Population Growth since the Reform and Opening up in China: An Analysis Based on a Vector Error Correction Model

Zhang

Xie

2019

Land

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Based on cointegration analysis, a vector error correction model (VECM), and the impulse response function method, this paper empirically analyses the interaction among urban expansion, economic development, and population growth in China from 1980 to 2016. The results show that (I) there is a long-term equilibrium relationship among urban expansion, economic development and population growth, but there is an imbalance in the short term. When urban expansion deviates from the long-term equilibrium, it cannot be restored to equilibrium in the short term. However, when economic development and population growth deviate from equilibrium, they will adjust back to equilibrium with strengths of −0.1770 and −0.0217, respectively. (II) From the results of the impulse response, there is an interactive statistical relationship between urban expansion, economic development, and population growth; In the short term, both economic development and population growth will cause urban expansion. In the long term, economic development will inhibit urban expansion, and economic development will be less dependent on land. Also, population growth has a long-lasting positive effect on urban expansion. (III) The results of variance decomposition show that urban expansion and economic development were most affected by the structural impact of population growth, and the relative variance contribution (RVC) rate was stable at 29.2% and 42%, respectively. However, economic development contributes the least to the RVC of urban expansion and population growth, and only stabilizes at 12.3% and 8.0% after 30 periods. Finally, the paper proposes that the Chinese government should maintain stable and healthy economic growth and promote sustainable land use in terms of improving land use efficiency, improving human capital levels, and promoting industrial structure.

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Section: Interactive Relationship Between Economic Development and Pomentioning

confidence: 99%

Interactive Relationship among Urban Expansion, Economic Development, and Population Growth since the Reform and Opening up in China: An Analysis Based on a Vector Error Correction Model

Zhang

Xie

2019

Land

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“…This finding is corroborated by Chou (2013) who use Granger causality test to examine the causal relationships between tourism spending and economic growth in 10 transition countries from 1988-2011 and finds that growth hypothesis holds for Cyprus, Latvia and Slovakia. Fahimi, et al (2018) examine whether the tourism-induced growth hypothesis of the period 1995-2015 is still valid in the case of 11 Micro States using Granger causality test. Their result shows an evidence of tourism-induced growth over the sampled period.…”

Section: Empirical Reviewmentioning

confidence: 99%

“…Despite geopolitical agitations and moderate economic growth experienced by the developing and developed countries, lately the travel and tourism industry has witnessed a monumental increase globally (Fahimi, Akadiri Seraj & Akadiri, 2018). The industry is the world's largest service industry and one of the fastest growing sectors, accounting for over one-third of the value of total trade worldwide services (Atan & Arslanturk, 2012).…”

Section: Introductionmentioning

confidence: 99%

Modelling Tourism and Economic Growth Nexus in Africa: A Symmetric Panel ARDL Approach

Zumba¹,

Adeshola²,

Chiagoziem³

et al. 2019

Scientific Research Journal

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We model the nexus between tourism and economic growth in Africa using annual data that runs from 1995-2016 for 48 African countries. We approach the study in two waysall the selected African countries and each of the five regions of the continent distinctly. Symmetric panel Autoregressive Distributed Lag (ARDL) and Granger non-causality test were utilized for the study. Our empirical evidence affirms that tourism is indispensable for growth in Africa, Eastern, Northern, Southern and Western Africa in the long run. In the short run, tourism contributes insignificantly to growth in Central, Northern, Southern and Western Africa but insignificantly reduces growth in Africa and Eastern Africa. We observe an evidence of bidirectional causality between tourism and economic growth in Africa, Central, Eastern and Northern Africa, a unidirectional causality from growth to tourism in West Africa and from tourism to growth in Northern Africa. We therefore conclude that tourism drives economic growth in Africa.

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“…The QoL-tourism development (QoL-Develop) interaction Tourism has always been associated with economic development (Cannonier & Burke, 2018;Chou, 2013;Fahimi et al, 2018), thus affecting residents' QoL (Ridderstaat et al, 2016;Schubert et al, 2011).…”

Section: Literature Reviewmentioning

confidence: 99%

Tourism, smallness and insularity: A suitable combination for quality of life in Small Island Developing States (SIDS)?

Puig-Cabrera¹,

Robles²

2019

ISJ

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As Small Island Developing States (SIDS) turn into a focus of attention for tourists and foreign investment, tourism becomes one of the primary sources of wealth in these economies. This increasing relevance of tourism in SIDS in turn becomes an opportunity not only to enhance the residents' quality of life but also to combat the existing vulnerabilities of SIDS. The main goal of this research is to measure the effects of tourism on the quality of life of residents in SIDS according to: 1) the degree of tourism development, 2) the allocation of public and private resources to promote the tourism sector, and 3) the direct opportunities that tourism offers to the populations in SIDS. In order to do so, an empirical analysis has been carried out based on a panel database containing data from 28 SIDS during the period 2005-2016. The findings suggest that tourism development becomes a driving force for enhancing the residents' quality of life. It is also proven that government expenditure has a positive effect on the population, with a repercussion four times greater than that of private investment. Finally, work precarity appears to be a reality in SIDS.

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Testing the role of tourism and human capital development in economic growth. A panel causality study of micro states

Cited by 121 publications

References 75 publications

Interactive Relationship among Urban Expansion, Economic Development, and Population Growth since the Reform and Opening up in China: An Analysis Based on a Vector Error Correction Model

Interactive Relationship among Urban Expansion, Economic Development, and Population Growth since the Reform and Opening up in China: An Analysis Based on a Vector Error Correction Model

Modelling Tourism and Economic Growth Nexus in Africa: A Symmetric Panel ARDL Approach

Tourism, smallness and insularity: A suitable combination for quality of life in Small Island Developing States (SIDS)?

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