Investigating the Influence of International Tourism in Pakistan and Its Linkage to Economic Growth

Evidence From ARDL Approach

Datos Bibliográficos

ID3316134
AutoresAbdul Rehman (0000-0001-7809-5124, Henan Agricultural University, autor de correspondencia), Hengyun Ma (0000-0003-4405-3078, Henan Agricultural University), Muhammad Irfan (0000-0003-1446-583X, North China Electric Power University), Munir Ahmad (0000-0002-4376-8410, Zhejiang University of Finance and Economics), Ousmane Traore (0000-0003-1873-6473, Anhui University)
Año2020
Volumen10
Número2
Fecha de publicación2020-04-01
Peer ReviewedSí
Open AccessSí
TipoARTICLE
RevistaSAGE Open (JOURNAL)
Identificadores de la revistaISSN: 2158-2440 • E-ISSN: 2158-2440
EditorialSAGE Publications Inc (PUBLISHER)
DOI10.1177/2158244020932525
OpenAlexW3036927857
IdiomaEN
Citas recibidas9
Referencias citadas68

Tourism is a key source of income and employment today, and different parts of the world are heavily dependent on it. The main purpose of this article was to demonstrate the consequences of long-run and short-run relationship on international tourism in Pakistan and its impact on economic growth by applying an autoregressive distributed lag (ARDL) bounds testing approach. Augmented Dickey-Fuller unit root test was employed to check the stationarity of the variables, while an ARDL bounds testing approach was used to measure the long-run and short-run dynamics linkage among the study variables. The results show that international tourism and expenditures for passenger transport items have a positive impact on economic growth. Similarly, long-run dynamics also revealed that international tourism expenditures for travel items and international tourism expenditures, international tourism receipts for passenger transport items and international tourism receipts for travel items also had a positive impact on the economic growth. The present analysis of the long-run suggested better policies should be implemented to attract more international tourists to the country

Cointegration · Distributed lag · Econometrics · Economics · Geography · Macroeconomics · Short run · Tourism · Unit root · Unit root test · Diverse Aspects of Tourism Research · Energy, Environment, Economic Growth · International Business and FDI