Nonlinear effect of tourism on economic growth: evidence from Papua New Guinea

被引：0
|
作者：
Kumar, Nikeel Nishkar [1 ]
Patel, Arvind [1 ]
Chandra, Ravinay [2 ]
Kumar, Navneet [2 ]
机构：
[1] Univ South Pacific, Sch Accounting Finance & Econ, Suva, Fiji
[2] Univ Fiji, Dept Management, Lautoka, Fiji
来源：
JOURNAL OF POLICY RESEARCH IN TOURISM LEISURE AND EVENTS | 2024年 / 16卷 / 04期
关键词：
Tourism-led growth; asymmetric effects; nonlinear autoregressive distributed lags model; small Island developing states; Papua New Guinea; ISLAND DEVELOPING STATES; HYPOTHESIS; IMPACT; COINTEGRATION;
D O I：
暂无
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
In this paper, we examine asymmetric effects of tourism on economic growth in Papua New Guinea (PNG) using quarterly data from 2008Q1 to 2019Q4 (n = 48). The asymmetric nonlinear autoregressive distributed lag (NARDL) model is utilized for this purpose. Causality testing is conducted with an asymmetric VAR model. Estimates from the NARDL model reveal that periods of tourism expansion are positively associated with economic growth. Negative shocks of tourism have an insignificant effect on economic growth. The estimates provide some support for the tourism-led growth hypothesis but only for tourism expansions confirming the asymmetric relationship.
引用
收藏
页码：655 / 677
页数：23
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