The Impact of Tourism Development and Economic Growth on Poverty Reduction in Kazakhstan

Shah Imtiyaz Ahmad () and Haq Imtiyaz Ul ()
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Shah Imtiyaz Ahmad: Faculty of Economics, Cluster University Srinagar, Jammu and Kashmir 190008
Haq Imtiyaz Ul: Faculty of Economics, University of Kashmir, Hazartbal Srinagar 190006

Acta Universitatis Sapientiae, Economics and Business, 2022, vol. 10, issue 1, 77-90

Abstract: The paper examines the long-run relationship between poverty reduction, economic growth, and tourism development in Kazakhstan during the period of 2001–2017. We expand the basic model by including other poverty determinants such as inequality, unemployment, and spending on health. We use the Autoregressive Distributed Lag (ARDL) approach to test the co-integration of variables, as the ARDL bound test of co-integration is less restrictive and provides more reliable coefficients than other time series econometric models. The ARDL bound test results show that there exists a long-run relationship between the said variables. The coefficients of all variables have the expected signs in the long run.

Keywords: growth; tourism; poverty; ARDL; Kazakhstan (search for similar items in EconPapers)
JEL-codes: F2 F29 F43 (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:vrs:auseab:v:10:y:2022:i:1:p:77-90:n:7

DOI: 10.2478/auseb-2022-0005

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