Does tourism affect economic growth in Indian states? Evidence from panel ARDL model

Lingaraj Mallick, Mallesh Ummalla and Jaganath Behera
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Lingaraj Mallick: Maulana Azad National Urdu University, Hyderabad, India

Theoretical and Applied Economics, 2016, vol. XXIII, issue 1(606), Spring, 183-194

Abstract: We investigate the relationship between tourism and economic growth in 23 Indian States from 1997 to 2011. Using panel autoregressive distributed lag model based on three alternative estimators such as mean group estimator (MG), pooled mean group (PMG) and dynamic fixed effects (DFE), we found that there is a significant relationship between tourism and economic growth in the long-run but not in short-run in India.

Keywords: Economic growth; Tourism development; Panel ARDL; India. (search for similar items in EconPapers)
Date: 2016
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Citations: View citations in EconPapers (8)

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