Tourism Spending-Economic Growth Causality in 49 Countries: A Dynamic Panel Data Approach

Seghir, Guellil Mohammed; Belmokaddem, Mostéfa; Abbes, Sahraoui Mohammed; Zakarya, Ghouali Yassine

doi:10.1016/s2212-5671(15)00402-5

Cited by 62 publications

(53 citation statements)

References 32 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…It is determined that there is an existence of unilateral causality running from international tourism receipts to economic growth in most of the studies in this context (Balaguer and Cantavella-Jorda, 2002-Spain;Narayan, 2004-Fiji;Durbarry, 2004-Mauritius;Dritsakis, 2004-Greece;Gündüz and Hatemi-J, 2005-Turkey;Özdemir and Öksüzler, 2006-Turkey;Lee and Chang, 2008;Belloumi, 2010-Tunisian;Akinboade and Braimoh, 2010-South Africa;Kreishan, 2011-Jordan;Dritsakis, 2012;Ridderstaat and Croes 2012-Aruba;Jalil et al, 2013-Pakistan;Chou, 2013;Hatemi-J et al, 2014;Brida et al, 2015;Alhowaish, 2016) while it is determined there is an existence of unilateral causality running from economic growth to international tourism receipts in some studies (Oh, 2005-South Korea;Lee and Chang, 2008;Payne and Mervan, 2010-Croatia;Chou, 2013;Hatemi-J et al, 2014;Alhowaish, 2016). In addition, it is concluded there is a bilateral causality among international tourism receipts and economic growth in considerable part of the studies (Lanza et al, 2003;Ongan and Demiröz, 2005-Turkey;Kim et al, 2006-Taiwan;Lee and Chien, 2008-Taiwan;Samimi et al, 2011;Çağlayan et al, 2012;Chou, 2013;Shahbaz et al, 2015-Malaysia;Seghir et al, 2015;Alhowaish, 2016;Ahad, 2016-Pakistan) while there is no causal relationship between international tourism receipts and economic growth in some of the limited number of studies (Eugenio-Martins and Morales, 2004;Yavuz, 2006-Turkey;Öztürk and Acaravc...…”

Section: Literature Reviewmentioning

confidence: 98%

The Effects of International Tourism Receipts on Economic Growth: Evidence from the First 20 Highest Income Earning Countries from Tourism in the World (1996-2016)

Yalçınkaya¹,

Daştan²,

Karabulut³

2018

Montenegrin Journal of Economics

View full text Add to dashboard Cite

Section: Literature Reviewmentioning

confidence: 98%

The Effects of International Tourism Receipts on Economic Growth: Evidence from the First 20 Highest Income Earning Countries from Tourism in the World (1996-2016)

Yalçınkaya¹,

Daştan²,

Karabulut³

2018

Montenegrin Journal of Economics

View full text Add to dashboard Cite

“…The analysis showed that tourism sector has important and significant impact on economy especially with hotel and restaurant indicator. Seghir et al (2015) analyzed the relationship between tourism spending and economic growth in 49 countries. The results indicated bidirectional causality between tourism spending and economic growth, which could be a good tool to prioritize the allocation of resources across industries to ensure a better tourism in general and economic outcomes.…”

Section: Literature Reviewmentioning

confidence: 99%

“…The evidence confirmed the conventional wisdom that tourism development causes economic growth both in short and long-run. Tang and Tan (2015) attempted to further verify the validity of the tourism-led growth hypothesis in Malaysia using annual data from 1975 to 2011. The study found out tourism has a positive impact on Malaysia's economic growth both in the short-run and in the long-run while Granger causality run from tourism to economic growth in Malaysia.…”

Section: Literature Reviewmentioning

confidence: 99%

“…The a priori expectation is that a positive relationship would be established between gross domestic product, gross capital formation; labour (total number of employment); total average spending on tourism centre; total visit and total earnings from tourism (Gautam, 2013;Ndajiya et al, 2014;Tang, Tan, 2015;Yusuff, 2016;Kasimati, 2016).…”

Section: A Priori Expectationmentioning

confidence: 99%

See 1 more Smart Citation

The Effect of Tourism on Nigerian Economic Growth

2019

Tourism Education Studies and Practice

View full text Add to dashboard Cite

This study empirically investigated the effect of tourism on Nigerian economic growth using annual time series data from 1980 to 2016. The study made use of standard neoclassical growth theory while ordinary least square (OLS) and Granger causality test was the estimation techniques used in the study. The result of the OLS revealed that gross capital formation and labour were positively related to gross domestic product while total average on spending, total visit and total earnings were negatively related with gross domestic product in Nigeria. Total visit and total earning were inversely related with gross domestic product, which is again the result expected. Also, the Adjusted R-square showed that about 72.8 % of the total variations in the behaviour of gross domestic product are explained by explanatory variables and the Durbin-Watson statistics of 2.108 implied that there is no autocorrelation or serial correlation in the data for the model. Also, Granger causality result revealed that out of the three tourism variable, causality only run from total earning from tourism to economic growth while causality does not run from both total average spending on tourism centre and total visit to economic growth. The study recommended that the authorities in charge of tourism in Nigeria need to embark on public-private partnership for more investment in tourism and this will go a long way in developing the country's tourist centre and this will make our tourist centre to compete with others outside the country. There should be increase in spending on tourism centre so as to attract more visitor from within and outside the country and this will make the nation to have more revenue. There should be proper monitoring of our tourist centre and proper maintenance of the centre.

show abstract

“…With this being said, tourism development is regarded as one approach that has the potential to aid marginalised communities and people in overcoming this stagnation (Butler & Rogerson, 2016). The tourism sector is one of the world's largest industries and one of the fastest growing economic sectors (Seghir, Mostéfa, Abbes & Zakarya, 2015). Tourism has become one of the major players in international commerce and at the same time it acts as one of the main sources of income for many developing countries, such as South Africa (UNWTO, 2016).…”

Section: Introductionmentioning

confidence: 99%

Assessing the Dynamic Economic Impact of Tourism in a Developing Region in South Africa

Bruyn

Meyer

2018

JEBS

View full text Add to dashboard Cite

According to the National Development Plan (NDP), the three main developmental problems South Africa is facing include: high levels of unemployment, poverty and inequality. Tourism, as an economic sector, has been cited as a possible solution to create much-needed employment and income which could lead to reduced poverty and improved inequality. Tourism could be used in developing regions as a driver of economic growth. The objective of this study is to determine the dynamic impact of the tourism sector on economic growth in a developing region in South Africa, namely the Vaal-Triangle region. The research methodology followed a quantitative design, using a pooled panel approach including the two municipal areas of Metsimaholo and Emfuleni which comprises the Vaal region. Annual data from 2001 to 2017 were used to analyse the impact of growth in tourism on economic growth. Economic growth was set as the dependent variable and tourism measurements such as tourism spending and trips as the independent variables. Results from the analysis confirm the original hypothesis that tourism growth has a significant impact on economic growth. The sector therefore, has the potential to create employment opportunities and alleviate poverty in a developing region if promoted and supported to its full potential.

show abstract

Tourism Spending-Economic Growth Causality in 49 Countries: A Dynamic Panel Data Approach

Cited by 62 publications

References 32 publications

The Effects of International Tourism Receipts on Economic Growth: Evidence from the First 20 Highest Income Earning Countries from Tourism in the World (1996-2016)

The Effects of International Tourism Receipts on Economic Growth: Evidence from the First 20 Highest Income Earning Countries from Tourism in the World (1996-2016)

The Effect of Tourism on Nigerian Economic Growth

Assessing the Dynamic Economic Impact of Tourism in a Developing Region in South Africa

Contact Info

Product

Resources

About