Artikel
The relationship between tourism, financial development and economic growth in India
This study investigates relationship between tourism and economic growth in India by considering the relative importance of financial development over the period of 1960-2014. The results of newly-developed Bayer and Hanck combined test indicate that tourism, economic growth and financial development are cointegrated. It is shown that the inbound tourism spurs economic growth in India both in long-run and short-run. In addition, the analysis indicates the presence of a long-run one-way Granger-causation running from tourism to economic growth. It is suggested that policies for attracting more international tourists should be promoted.
- Language
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Englisch
- Bibliographic citation
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Journal: Future Business Journal ; ISSN: 2314-7210 ; Volume: 3 ; Year: 2017 ; Issue: 1 ; Pages: 9-22 ; Amsterdam: Elsevier
- Classification
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Management
- Subject
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ARDL model
Bayer and Hanck model
Economic growth
India
Variance decomposition
VECM
- Event
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Geistige Schöpfung
- (who)
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Ohlan, Ramphul
- Event
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Veröffentlichung
- (who)
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Elsevier
- (where)
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Amsterdam
- (when)
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2017
- DOI
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doi:10.1016/j.fbj.2017.01.003
- Handle
- Last update
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10.03.2025, 11:44 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Artikel
Associated
- Ohlan, Ramphul
- Elsevier
Time of origin
- 2017
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