TOURISM AND ECONOMIC GROWTH: THE CASE OF SINGAPORE

Chew Ging Lee

Regional and Sectoral Economic Studies, 2008, vol. 8, issue 1, 89-98

Abstract: This paper investigates the long-run and the short-run dynamics between tourism and economic growth in Singapore. Using the bounds test developed by Pesaran et al. (2001), cointegrating relationship between tourism and economic growth is not found. The standard Granger causality test reveals that there is a unidirectional Granger causality from economic growth to tourism. This study provides evidence to support growth-led tourism hypothesis.

Keywords: Tourism; Economic growth; Granger causality (search for similar items in EconPapers)
JEL-codes: C22 O10 (search for similar items in EconPapers)
Date: 2008
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Citations: View citations in EconPapers (15)

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