The Validity of Tourism-led Growth Hypothesis for The Top Ten Tourism Revenue Generating Countries
نویسندگان
چکیده
This study aims to test the validity of tourism-led growth hypothesis. For this purpose, ten countries with highest tourism income (USA, China, Australia, France, Italy, England, Spain, Germany, Japan, Thailand) are included in analysis covering period 1995-2018. Pedroni cointegration, panel Dynamic Ordinary Least Square (DOLS) and Fully Modified (FMOLS) methods utilized by using economic growth, revenues exchange rate series. According DOLS FMOLS results, have a positive effect on growth. Furthermore, Granger causality findings indicate uni-directional causal relation from tourism. The overall results empirical verify hypothesis for income.
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ژورنال
عنوان ژورنال: Advances in hospitality and tourism research(AHTR)
سال: 2022
ISSN: ['2147-9100', '2148-7316']
DOI: https://doi.org/10.30519/ahtr.855879