A Panel Cointegration Analysis of the Impact of Tourism on Economic Growth: Evidence from the Middle East Region

Medientyp: E-Artikel
Titel: A Panel Cointegration Analysis of the Impact of Tourism on Economic Growth: Evidence from the Middle East Region
Beteiligte: Saleh, Ali Salman; Assaf, A. George; Ihalanayake, Ranjith; Lung, Sidney
Erschienen: Wiley, 2015
Erschienen in: International Journal of Tourism Research, 17 (2015) 3, Seite 209-220
Sprache: Englisch
DOI: 10.1002/jtr.1976
ISSN: 1099-2340; 1522-1970
Schlagwörter: Nature and Landscape Conservation ; Tourism, Leisure and Hospitality Management ; Transportation ; Geography, Planning and Development
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Beschreibung: <jats:title>Abstract</jats:title><jats:p>This paper examines the contribution of tourism industry to the GDP of three selected destinations in the Middle East region: Bahrain, Jordan and Saudi Arabia. We introduce a quadratic functional form and apply the advanced panel cointegration dynamic model with robust estimation to test our hypothesis. Our analysis is based on a comprehensive set of panel data of tourism receipts, education investment, foreign direct investment and fixed capital formation over the period of 1981–2008. The results show a long‐run relationship between tourism growth and GDP. We also show that tourism has a stronger impact on the economy than other related sectors. Copyright © 2013 John Wiley & Sons, Ltd.</jats:p>

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