The journey towards dollarization
The role of the tourism industry
Bibliographic Data
| ID | 21699873 |
|---|---|
| Authors | Ibrahim D Raheem (0000-0003-2087-2490, ILMA University, corresponding author), Kazeem B Ajide (0000-0001-6363-9483, University of Lagos) |
| Year | 2021 |
| Volume | 24 |
| Issue | 22 |
| Pages | 3182-3188 |
| Publication date | 2021-11-17 |
| Open Access | No |
| Type | ARTICLE |
| Venue | Current Issues in Tourism (JOURNAL) |
| Journal identifiers | ISSN: 1368-3500 • E-ISSN: 1747-7603 |
| Publisher | Informa UK Limited (PUBLISHER • GB) |
| DOI | 10.1080/13683500.2020.1863929 |
| OpenAlex | W3115729602 |
| Language | EN |
| References cited | 20 |
There has been an increasing wave of globalization since the turn of the millennium. This study focuses on two by-products of globalization: dollarization and tourism. Empirical studies have ignored the possible relationship between dollarization and tourism. However, we hypothesize that a booming tourism industry will fuel increase in the usage and circulation of foreign currencies, thus increasing the level of dollarization. The objective of this study is to examine the extent to which the tourism industry exacerbates the dollarization process of selected Sub-sahara African (SSA) countries. Using Tobit regression, we found that tourism positively affects dollarization. Our results are robust to: (i) alternative measures of tourism; (ii) accounting for endogeneity and outlier effects
Business · Econometrics · Economic geography · Economics · Endogeneity · Geography · Globalization · International economics · Market economy · Tobit model · Tourism · Economic Growth and Development · International Business and FDI · Natural Resources and Economic Development
| Highly cited | No |
|---|