The Journey towards Dollarization: The Role of the Tourism Industry
Ibrahim Raheem and
Kazeem Ajide ()
No 21/008, Research Africa Network Working Papers from Research Africa Network (RAN)
Abstract:
There has been an increasing wave of globalization since the turn of the millennium. This study focuses on two by-products of globalization: dollarization and tourism. Empirical studies have ignored the possible relationship between dollarization and tourism. However, we hypothesize that a booming tourism industry will fuel increase in the usage and circulation of foreign currencies. The objective of this study is to examine the extent to which the tourism industry exacerbates the dollarization process of selected Sub-sahara African (SSA) countries. Using Tobit regression, we found that tourism positively affects dollarization. This result is robust to: (i) alternative measures of tourism; (ii) accounting for endogeneity and outlier effects.
Keywords: Dollarization; Tourism; Sub-saharan Africa (search for similar items in EconPapers)
JEL-codes: C11 E41 F31 (search for similar items in EconPapers)
Pages: 13
Date: 2021-01
New Economics Papers: this item is included in nep-mon and nep-tur
References: View references in EconPapers View complete reference list from CitEc
Citations:
Forthcoming: Current Issues in Tourism
Downloads: (external link)
http://publications.resanet.org/RePEc/abh/abh-wpap ... Tourism-Industry.pdf Revised version, 2021 (application/pdf)
Related works:
Journal Article: The journey towards dollarization: the role of the tourism industry (2021) 
Working Paper: The Journey towards Dollarization: The Role of the Tourism Industry (2021) 
Working Paper: The Journey towards Dollarization: The Role of the Tourism Industry (2021) 
Working Paper: The journey towards dollarization: the role of the tourism industry (2020) 
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
HTML/Text
Persistent link: https://EconPapers.repec.org/RePEc:abh:wpaper:21/008
Access Statistics for this paper
More papers in Research Africa Network Working Papers from Research Africa Network (RAN)
Bibliographic data for series maintained by Anutechia Asongu Simplice ().