 Does Tourism Boost Economic Growth: Evidence from ItalyUzma Khan International Journal of Economics & Business Administration (IJEBA), 2020, vol. VIII, issue 4, 214-222 Abstract: Purpose: Tourism plays a crucial role in enhancing the nation's welfare. Therefore, this study's core idea is to investigate tourist arrival, tourism growth, tourism expenditure, and its associated economic headway impact. Approach/Methodology/Design: Using an annual time series data from 1995-2018, capturing the effect of tourism growth, tourism expenditure on economic growth, and finally revealing the association amongst these endogenous and exogenous parameters. Findings: The unit root test analysis outcomes illustrate that all parameters become stationary when a first-order difference is considered as having a lag value of one. ADRL Bound test reveals the presence of short-run association among parameters. The outcomes of t-statistics and the Wald F-test reveal bidirectional and unidirectional causation among the parameters. Practical Implications: The study will contribute positively to the understanding of tourism and its associated effect to boost the economy. Originality/Value: The study believes to contribute positively to the understanding of the tourism sector. Keywords: Tourism growth; tourism expenditure; economic growth; ARDL bound test. (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:ers:ijebaa:v:viii:y:2020:i:4:p:214-222 Access Statistics for this article More articles in International Journal of Economics & Business Administration (IJEBA) from International Journal of Economics & Business Administration (IJEBA) |
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