The role of tourism in driving economic growth: An asymmetric augmented autoregressive distributed lag analysis of Singapore's experience
Mohammad Sharif Karimi,
Huseyin Karamelikli,
Babak Naysary
Abstract: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 inve… Show more
Set email alert for when this publication receives citations?
scite is a Brooklyn-based organization that helps researchers better discover and understand research articles through Smart Citations–citations that display the context of the citation and describe whether the article provides supporting or contrasting evidence. scite is used by students and researchers from around the world and is funded in part by the National Science Foundation and the National Institute on Drug Abuse of the National Institutes of Health.