Lee, Janice Yim Mei and Al-Mulali, Usama and Hassan Gholipour, Fereidouni and Mohammed, Miswan Abdul Hakim (2014) Estimating the tourism-led growth hypothesis: a case study of the Middle East countries. Anatolia: An International Tourism and Hospitality Research Journal, 25 (2). pp. 290-298. ISSN 2156-6909
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Official URL: http://dx.doi.org/10.1080/13032917.2013.843467
Abstract
The study examines tourism-led growth hypothesis in the Middle East. A panel gross domestic product (GDP) model is used taking the period of 1985-2012. The results from the Pedroni cointegration test indicated that tourism receipt (TR) is cointegrated with GDP growth (GDP). The dynamic ordinary least-squares test results revealed that TR has a positive long-run effect on GDP in the investigated countries. Moreover, the results from the Granger causality test showed that TR has a positive causal relationship with GDP. Moreover, the results also concluded that the increase in GDP, total trade, and the depreciation of the local currency are essential to promote tourism expansion. From the results, a number of recommendations were provided to increase the tourism expansion of the examined countries.
| Item Type: | Article |
|---|---|
| Uncontrolled Keywords: | GDP growth, tourism expansion, Middle East, panel cointegration, panel Granger causality |
| Subjects: | H Social Sciences > HD Industries. Land use. Labor |
| Divisions: | Geoinformation and Real Estate |
| ID Code: | 52735 |
| Deposited By: | Siti Nor Hashidah Zakaria |
| Deposited On: | 01 Feb 2016 03:52 |
| Last Modified: | 30 Jun 2018 00:26 |
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