Tourism-Led Growth Hypothesis: A Case Study of Pakistan

Hye, Qazi Muhammad Adnan; Khan, Rana Ejaz Ali

doi:10.1080/10941665.2012.658412

Cited by 149 publications

(63 citation statements)

References 21 publications

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“…Surveys have shown that there was a positive and strong relationship between tourism and economic growth (Cortes-Jimenez and Pulina, 2010;Adnan Hye and Ali Khan, 2013;Tang and Abosedra, 2014;Pablo-Romero and Molina, 2013;Al-Mulali et al, 2014;Bouzahzah and El Menyari, 2013;Jalil et al, 2013). Sgroi et al (2014) shown that rural communities improve economic growth.…”

Section: Introductionmentioning

confidence: 99%

Modeling and Forecasting of International Tourism Demand in ASEAN Countries

Karimi¹,

Faroughi²,

Rahim³

2015

American Journal of Applied Sciences

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This study attempts to find the best model to forecast international tourism demand using a series of key macroeconomic variables in ASEAN countries. Generally, we find that generalized Poisson regression model is the best one for estimating long-run international tourism demand. In addition, we find that inflation and real exchange rate have negative relationship with international tourism demand. On the other hand, foreign direct investment and openness of trade have positive relationship with international tourism demand. Cointegration test result shows that there is a long-run relationship between variables.

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Section: Introductionmentioning

confidence: 99%

Modeling and Forecasting of International Tourism Demand in ASEAN Countries

Karimi¹,

Faroughi²,

Rahim³

2015

American Journal of Applied Sciences

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“…Researchers used some advanced econometric techniques such as TodaYamamoto causality, the rolling causality test, the rolling cointegration test. Bayer-Hanck cointegration test, the spillover index approach (Lean and Tang, 2010;Hye and Khan, 2012;Tang and Tan, 2013;Salleh et al, 2015;Antonakakis et al, 2015). For example, Lean and Tang (2010) used the rolling causality test to examine stability of the causal relationship between tourism development and economic growth in Malaysia for the period of 1989-2009.…”

Section: Literature Reviewmentioning

confidence: 99%

“…Researchers pointed out that there was significant bidirectional causality between tourism development and economic growth and the causal relationship between tourism development and economic growth was stable. Hye and Khan (2012) used the rolling bounds test to examine the stability of long-run relationship between tourism development and economic growth in Pakistan for the period of 1971-2008. They claimed that there is a stable cointegrating relationship between tourism development and economic growth in the country.…”

Section: Literature Reviewmentioning

confidence: 99%

“…As a global tourism has grown rapidly, tourism sector is considered as an important contributor to stimulate economic growth in developing countries. In other words, tourism sector could be considered as an "engine" of economic growth by earning valuable foreign currencies, creating job opportunities and generating additional government revenues (Koch et al, 1998;Oh, 2005;Gunduz and Hatemi-J., 2005;Kim et al, 2006;Proença and Soukiazis, 2008;Lee and Chang, 2008;Chen and Song Zan, 2009;Hye and Khan, 2012;Hampton and Jeyacheya, 2015;Salleh et al, 2015). Particularly, tourism sector in the small island developing states (SIDS) has played a dominant role in their economic growth process (Hampton and Jeyacheya, 2015).…”

Section: Introductionmentioning

confidence: 99%

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The Role of Tourism, Real Exchange Rate and Economic Growth in Singapore: Are there Asymmetric Effects?

Harvey¹,

Furuoka²

2019

JTHM

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This paper examines the relationship between tourism development, real exchange rate and economic growth in Singapore for the period of 2005-2015 by using disaggregated data of eleven major tourist arrival countries, and USA. Previous literature focused the effects of exchange rate changes on tourism growth are symmetric. We are evaluating a new course of analysis which is on asymmetry and asymmetry cointegration. We find support for short-run asymmetric effects in majority of the cases and long-run significant asymmetric effects in five of the major tourist arrivals to Singapore.

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“…In addition, recently, the tourism-growth literature explains that tourism is perceived in many regions as a crucial source of income and economic resources for their own expansion and development. This is the case, for example, in developing countries (Ghimire, 2013), Malaysia (Tang & Tan, 2013), Pakistan (Adnan & Ali, 2013), and Cyprus, Latvia and Slovakia, (Chou, 2013); China (Chon, Pine, Lam & Zhang, 2013). In other places like Singapore (Timothy, 2014), Hong Kong (HK Tourism Board, 2014) or Mediterranean countries (Tugcu, 2014), Latin-American countries (Peterson, Cadernas & Harrill, 2014), Mexico (UNTWO, 2014), the USA (White House, 2014), and European Countries in general (Costa, Panyik & Buhalis, 2014) among others.…”

Section: Introductionmentioning

confidence: 99%

Mexico and Uruguay inbound tourism demand

Mordecki¹,

Leiva²,

Puel³

2019

RBTUR

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The main objective of this paper is to estimate the tourism demand for Mexico and Uruguay, two very different countries, but for both of which tourism is an important activity, and mainly originating from a large neighbor. We try to analyze whether the determinants of tourism demand differ depending on the size of the country, or if being a neighboring country is the main determinant. So, we analyze the relationship between the number of American tourists visiting Mexico and Argentinian tourists visiting Uruguay, and the inbound tourists’ income and the bilateral real exchange rate (RER) between the visiting country and the hosting country, following the Johansen’s methodology. We found one cointegration relationship for each country, where the income-elasticity was greater than 2 for American tourists visiting Mexico, and nearly 3 for Argentinian tourists visiting Uruguay. Bilateral RERs were also significant in both models. Moreover, forecasts show the impacts of institutional changes on the tourism sector. The impact of arrival of President Macri to power was positive for Argentinian tourists visiting Uruguay, but President Trump's arrival in the US was negative for American tourists visiting Mexico.

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Tourism-Led Growth Hypothesis: A Case Study of Pakistan

Cited by 149 publications

References 21 publications

Modeling and Forecasting of International Tourism Demand in ASEAN Countries

Modeling and Forecasting of International Tourism Demand in ASEAN Countries

The Role of Tourism, Real Exchange Rate and Economic Growth in Singapore: Are there Asymmetric Effects?

Mexico and Uruguay inbound tourism demand

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