Structural breaks, international tourism development and economic growth
Bibliographic Data
| ID | 15068272 |
|---|---|
| Authors | Soheila Khoshnevis Yazdi (Department of Economics, College Economics & Accounting, Islamic Azad University, South branch, Tehran, Iran, corresponding author) |
| Year | 2019 |
| Volume | 32 |
| Issue | 1 |
| Pages | 1765-1776 |
| Publication date | 2019-01-01 |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Economic Research-Ekonomska Istraživanja (JOURNAL) |
| Journal identifiers | ISSN: 1331-677X • E-ISSN: 1848-9664 |
| Publisher | Informa UK Limited (PUBLISHER • GB) |
| DOI | 10.1080/1331677x.2019.1638279 |
| OpenAlex | W2962697436 |
| Language | EN |
| Citations received | 11 |
| References cited | 30 |
This study examines the causal relationships between tourism, physical capital, human capital, household consumption expenditure and economic growth for the period 1981–2014 using Structural Breaks tests, Autoregressive Lag (Distributed A.R.D.L.) approach and Granger causality test. There is one cointegrating relationship between these variables, while the V.E.C.M. comprises both a short- and long-run relation. Tourism has a negative impact on Iranian's economic growth both in the short- and long-run. The results showed there is unidirectional causality running from international tourism to economic growth. Our findings have also empirically verified the presence of the Tourism-Led Growth Hypothesis (T.L.G.H.) in Iran. Tourism could be an effective substance for the growth of the Iranian economy. They showed that tourism is in part an endogenous growth process, requiring a systematic allocation of resources to sustain its development for local and regional economies
Classical economics · Cointegration · Development economics · Distributed lag · Econometrics · Economic geography · Economic growth · Economics · Economy · Endogenous growth theory · Geography · Granger causality · Human capital · Lag · Macroeconomics · Tourism · Diverse Aspects of Tourism Research · Energy, Environment, Economic Growth · Fiscal Policy and Economic Growth
Modeling the link between tourism and economic development
Transportation, Environmental Degradation, and Health Dynamics in the United States and China
Has the tourism-led growth hypothesis been confirmed? Evidence from an updated literature review
Tourism, economic growth, energy consumption, and CO2 emissions in China
How to achieve economic development through tourism? Different ways for different economies
Over two decades of severe deforestation
Fresh insights into tourism-led economic growth nexus
Mixed frequency evidence of the tourism growth relationship in small Island developing states
Tourism-led economic growth in Montenegro and Slovenia
Comparing chains versus independent hotels based on international sales
International tourism and economic vulnerability
Estimation and Hypothesis Testing of Cointegration Vectors in Gaussian Vector Autoregressive Models
Some recent development in a concept of causality
The Great Crash, the Oil Price Shock, and the Unit Root Hypothesis
Techniques for Testing the Constancy of Regression Relationships Over Time
Likelihood Ratio Statistics for Autoregressive Time Series with a Unit Root
Null
Testing for a unit root in time series regression
Maximum Likelihood Estimation and Inference on Cointegration — With Applications to the Demand for Money
Tourism as a Long-Run Economic Growth Factor
Tourism as a long-run economic growth factor
Is the tourism-led growth hypothesis valid for Turkey
How stable is the tourism-led growth hypothesis in Malaysia? Evidence from disaggregated tourism markets
Tourism development and economic growth
The contribution of tourism development to economic growth in the Korean economy
The Economic Contribution of Tourism in Mauritius
Tourism and Developmentevidence From Mexico
Statistical analysis of cointegration vectors
A Contribution to the Theory of Economic Growth
| Citations per year | 1.83 |
|---|---|
| Citation span | 2020 - 2025 (6) |
| Highly cited | No |