Arbeitspapier
Tourism and economic growth: African evidence from panel vector autoregressive framework
Using a panel vector autoregressive model this paper investigates the dynamic and endogeneous contribution of tourism to output based on a sample of 40 African countries for the period 1990 - 2006. Results from the study confirm tourism to be an important ingredient of African development although private investment, openness, and human capital remain the main drivers. Further analysis reveals the existence of a reverse causation from national income to tourism development, thus confirming both tourism-led economic development and economic-driven tourism growth. Tourism is also observed to enhance private investment and the presence of bicausality between private investment, education, and income level is observed.
- Sprache
-
Englisch
- ISBN
-
978-92-9230-398-3
- Erschienen in
-
Series: WIDER Working Paper ; No. 2011/33
Klassifikation
Wirtschaft
Single Equation Models; Single Variables: Panel Data Models; Spatio-temporal Models
Macroeconomic Analyses of Economic Development
Single Equation Models; Single Variables: Panel Data Models; Spatio-temporal Models
Macroeconomic Analyses of Economic Development
Thema
tourism
economic growth
Africa
panel vector autoregression
Tourismus
Wirtschaftswachstum
Panel
VAR-Modell
Afrika
economic growth
Africa
panel vector autoregression
Tourismus
Wirtschaftswachstum
Panel
VAR-Modell
Afrika
Ereignis
Geistige Schöpfung
(wer)
Seetanah, Boopen
Padachi, Kessevan
Rojid, Sawkut
Padachi, Kessevan
Rojid, Sawkut
Ereignis
Veröffentlichung
(wer)
The United Nations University World Institute for Development Economics Research (UNU-WIDER)
(wo)
Helsinki
(wann)
2011
- Handle
- Letzte Aktualisierung
-
20.09.2024, 08:21 MESZ
Objekttyp
- Arbeitspapier
Beteiligte
- Seetanah, Boopen
- Padachi, Kessevan
- Rojid, Sawkut
- The United Nations University World Institute for Development Economics Research (UNU-WIDER)
Entstanden
- 2011
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