Tourism and Economic Growth

Investigation of Nonlinear Effects of Health Tourism on Iran's Economic Growth: Self-regression approach with distributive intervals

Background: Since oil is not a sustainable source of income for oil-rich countries, economic planners have focused on non-oil sources of income. In this regard, the tourism industry is one of the most lucrative industries in the world.Tourism includes services that have a great impact on economic and social activities. Health tourism is one of the most important areas of the tourism industry. S...

Economic Growth, Tourism Receipts And Exchange Rate In MENA Zone: Using Panel Causality Technique

The Contribution of Tourism Development to Economic Growth in the Iranian Provinces

Abstract: The main objective of this paper is to estimate the tourism impact on the economic growth of Iranian provinces over the period of 2000-2010. For achieving this aim, the panel data approach has been used to the economic growth modeling. The empirical findings show that tourist receipts have a positive impact on the economic growth in Iranian provinces. It was found that a 10 per...

Macroeconomic Shocks and Malaysian Tourism Industry: Evidence from a Structural VAR Model

Abstract   his study employs a structural vector autoregression (SVAR) model to investigate the macroeconomic shocks on Malaysian tourism industry, especially how the economy dynamically responds to oil price shocks, exchange rates, changes in price level, exports, economic growth and tourism income during the study time period from January 2001 to December 2012. The results indicate that oil...

Analysis of Causality between Tourism and Economic Growth Based on Computational Econometrics

To investigate the causal relationship between China’s domestic tourism and economic growth, this paper performs co-integration analysis and Granger causality test by making use of annual time series data from 1984 to 2009. Co-integration analysis indicates that there are long-term and stable equilibrium relationships between the development of China’s domestic tourism and economic growth. The ...

Does tourism effectively stimulate Malaysia's economic growth?

This study attempts to further verify the validity of the tourism-led growth hypothesis in Malaysia using a multivariate model derived from the Solow growth theory. It employs annual data from 1975 to 2011. We find that economic growth, tourism and other determinants are cointegrated. Specifically, tourism has a positive impact on Malaysia's economic growth both in the short-run and in the long...