Tourism–growth nexus in Pakistan: Evidence from ARDL bounds tests

Abdul Jalil, Tahir Mahmood and Muhammad Idrees

Economic Modelling, 2013, vol. 35, issue C, 185-191

Abstract: This study is an attempt to test the long run relationship between international tourism and economic growth of Pakistan by using Autoregressive Distributed Lag (ARDL) models over the period of 1972 to 2011. The initial results show that the causality runs from tourism to economic growth. Furthermore, the estimated growth regression clearly indicates that the international tourism has a significantly positive impact on the economic growth of Pakistan along with other variables like physical capital and international trade. This implies that the improvement in the tourism sector may enhance the economic growth activities in Pakistan.

Keywords: Tourism; Economic growth; ARDL bounds tests; Pakistan (search for similar items in EconPapers)
JEL-codes: C32 L83 O11 (search for similar items in EconPapers)
Date: 2013
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Citations: View citations in EconPapers (44)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecmode:v:35:y:2013:i:c:p:185-191

DOI: 10.1016/j.econmod.2013.06.034

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