TOURISM DEVELOPMENT AND ECONOMIC GROWTH IN BANGLADESH: NEW EVIDENCE FROM NONLINEAR AUTOREGRESSIVE DISTRIBUTED LAG

We examine the long-run relationship between tourism development and economic growth using Nonlinear Autoregressive Distributed Lag (NARDL) model for Bangladesh annual data from 1980-2016. find an asymmetric Bangladesh's economy since a one percent increase in receipt increases by about 0.19 percent. On contrary, due to decline receipt, will decrease 0.66 So, have higher negative impact on than Bangladesh, which result is important current pandemic situation Covid-19. also reveal that of positive change revenue GDP stabilizes around 8 years; however, adverse does not stabilize 15 years. recommend systematic allocation resources required promote stimulate industry favourable country's development. Keywords : Tourism Development; Economic Growth; NARDL; Bangladesh; Asymmetry JEL Classifications: C32, O50, Z32 DOI: https://doi.org/10.32479/ijefi.11040