Tourism and Economic Growth in Sri Lanka: An ARDL Bounds Testing Approach

Srinivasan P, Santhosh Kumar P. K () and L. Ganesh ()
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Santhosh Kumar P. K: Faculty of Economics, Christ University, Bangalore, Karnataka, India
L. Ganesh: Faculty of CUIM, Institute of Management, Christ University Bangalore, Karnataka, India

Romanian Economic Journal, 2012, vol. 15, issue 45, 211-226

Abstract: The purpose of the study is to examine the impact of tourism on economic growth in Sri Lanka through the Autoregressive Distributed Lag (ARDL) bounds testing approach. The analysis was carried out for the period from 1969 to 2009. By and large, our analysis reveals that the tourism has a positive impact on economic growth in Sri Lanka both in the short-run and long-run. Hence, it is crucial for the Sri Lankan government to achieve unification and stability by focusing on political solutions to a sustainable long-term conflict resolution in order to attract more tourism arrivals and thereby the Sri Lanka can enhance its economic growth.

Keywords: Unit Root; ARDL-UECM; Cointegration; Schwarz Bayesian Criterion; CUSUM and CUSUMQ. (search for similar items in EconPapers)
JEL-codes: C22 L83 O11 (search for similar items in EconPapers)
Date: 2012
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Citations: View citations in EconPapers (17)

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Persistent link: https://EconPapers.repec.org/RePEc:rej:journl:v:15:y:2012:i:45:p:211-226

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