Tourism Development and Sustainable Economic Development: Evidence from South Western Nigeria

Bukola, Aremu Atinuke; Olaitan, Lawal Lateefat

doi:10.9734/sajsse/2018/v2i125816

Cited by 4 publications

(1 citation statement)

References 3 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…The growing body of research in this context could be categorized into two, that is, research focusing on assessing the economic contributions of strategic tourist centers to the development and sustainability of the local communities. Some of the work in this category include Okonkwo and Odum (2009); Ojo (2014); Adebayo et al (2014); Eruotor (2014); Terwase et al (2015); Enemuo et al (2015); Meseko et al (2018); Bukola and Olaitan (2018); Adeniyi et al (2018) and Ebiloma (2019).…”

Section: Introductionmentioning

confidence: 99%

Tourism and Economic Growth in African Largest Economy

Salawu¹

2020

EJEF

View full text Add to dashboard Cite

The study examines the nexus between tourism and economic growth in Nigeria from 1995-2017. Data were sourced from World Development Indicator and World Tourism Council data base online. Autoregressive distributed lag model (ARDL) was used in analyzing the data. The result of the Bounds test shows that the value of the Fstatistics is greater than the value of the upper bound of the Pesaran, Chin and Smith statistics table at 1% level of significance, which showed that there is a long run relationship among economic growth (GRGDP), growth in the receipt from tourism (GRTR) and exchange rate (EXR). The long run result stipulates that there is no significant relationship between GRTR and GRGDP on one hand and LEXR and GRGDP on the other hand. In the short run, tourism had negative impact on Nigeria's economic growth. The estimate indicates substantial role for time, previous state of the economy and tourism growth. While this result seems a contrast to theory, there may have been many factors connected to tourism development and practices which are anti-growth in the case of Nigeria. Furthermore, a percentage change in exchange rate reveals an ignorable though negative relationship with GRGDP. This may be due to uncertainty which surrounds exchange rate in a flexible regime. The study recommends that the government should invest in infrastructural facilities and tourist centers in order to boost economy of the country. Budgetary allocation can be channeled to tourism industry. Tax incentives to tourism firms should be encouraged.

show abstract

Section: Introductionmentioning

confidence: 99%

Tourism and Economic Growth in African Largest Economy

Salawu¹

2020

EJEF

View full text Add to dashboard Cite

show abstract

Forecasting the number of Arab and foreign tourists in Egypt using ARIMA models

Ismail

2019

Int J Syst Assur Eng Manag

View full text Add to dashboard Cite

Improving the cultural and historical tourism resources for sustainable development in Ondo State – A survey of Idanre Hills and resort centre, Idanre

Ikusemiju

Osinubi

2020

Nig. J. Env. Sci. & Tech.

View full text Add to dashboard Cite

It has been observed that necessary attention has not been given to Idanre hills and resort centre as tourists’ attraction and its sustainability is being threatened. Thus, this paper revealed that many studies have been carried out on Idanre hills and resort centre but had only focused on its beautifications, geo – tourism potentials, landscape management, maintenance and tourists’ patronage pattern. Hence, the objectives of this study revealed possible strategies of making the cultural and historical tourism attraction of Idanre hills and resort centre sustainable for both this generation and the future generation and how these strategies can specifically be of economic and social benefits to the residents of Idanre community for sustainable livelihood. The study adopted oral interview, personal observation and administration of questionnaire for data collection of which 200 questionnaires were administered and 188 were returned representing 94.00%. Meanwhile, the questionnaires were presented and analyzed with the use of simple percentage method while percentage point of t – test distribution (One – tailed) analysis was adopted in validation of the hypothesis. The result indicated that t (calculated) was 0.13 and was greater than t (tabulated) of -2.92; thus, the null hypothesis was rejected, while the alternative hypothesis was accepted, which states that there are promising economic and social benefits of specifically developing and sustaining the cultural and historical tourism resources of Idanre hills and resort centre. The study concluded that if Ondo State Government and relevant tourism stakeholders should put the necessary strategies in making the cultural and historical tourism resources of Idanre hills and resort a haven in place; its development will have specific economic and social benefits such as economic stability and social integration etc on the residents of Idanre community and Ondo State at large by stimulating its local economy both directly and indirectly through multiplier effects.

show abstract

Tourism Development and Sustainable Economic Development: Evidence from South Western Nigeria

Cited by 4 publications

References 3 publications

Tourism and Economic Growth in African Largest Economy

Tourism and Economic Growth in African Largest Economy

Forecasting the number of Arab and foreign tourists in Egypt using ARIMA models

Improving the cultural and historical tourism resources for sustainable development in Ondo State – A survey of Idanre Hills and resort centre, Idanre

Contact Info

Product

Resources

About