A Panel Cointegration Analysis of the Impact of Tourism on Economic Growth: Evidence from the Middle East Region

被引：13
|
作者：
Saleh, Ali Salman [1 ]
Assaf, A. George [2 ]
Ihalanayake, Ranjith [3 ]
Lung, Sidney [3 ]
机构：
[1] Swinburne Univ Technol, Hawthorn, Vic 3122, Australia
[2] Univ Massachusetts, Isenberg Sch Management, Amherst, MA 01003 USA
[3] Victoria Univ, Sch Accounting & Finance, Footscray, Vic, Australia
来源：
INTERNATIONAL JOURNAL OF TOURISM RESEARCH | 2015年 / 17卷 / 03期
关键词：
tourism; economic growth; panel cointegration; Middle East; CROSS-SECTION; LONG-RUN; UNIT ROOTS; TESTS; REGRESSION; EFFICIENCY; INDUSTRY;
D O I：
10.1002/jtr.1976
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
This paper examines the contribution of tourism industry to the GDP of three selected destinations in the Middle East region: Bahrain, Jordan and Saudi Arabia. We introduce a quadratic functional form and apply the advanced panel cointegration dynamic model with robust estimation to test our hypothesis. Our analysis is based on a comprehensive set of panel data of tourism receipts, education investment, foreign direct investment and fixed capital formation over the period of 1981-2008. The results show a long-run relationship between tourism growth and GDP. We also show that tourism has a stronger impact on the economy than other related sectors. Copyright (c) 2013 John Wiley & Sons, Ltd.
引用
收藏
页码：209 / 220
页数：12
相关论文
共 50 条
  • [1] VAT Revenue and Economic Growth in the Middle East and North Africa Region: Evidence from Panel Data Analysis
    Sayari, Karima Toumi
    Jassem, Suaad
    E-Vahdati, Sahar
    JOURNAL OF TAX REFORM, 2023, 9 (02): : 233 - 245
  • [2] THE IMPACT OF TOURISM ON THE ECONOMIC GROWTH IN THE MEDITERRANEAN COUNTRIES: EVIDENCES FROM HIDDEN PANEL COINTEGRATION TEST
    Belke, Murat
    Bolat, Suleyman
    Hatemi-J, Abdulnasser
    JOURNAL OF MEHMET AKIF ERSOY UNIVERSITY ECONOMICS AND ADMINISTRATIVE SCIENCES FACULTY, 2021, 8 (01): : 399 - 419
  • [3] A panel cointegration analysis of the demand for oil in the Middle East
    Narayan, Paresh Kumar
    Smyth, Russell
    ENERGY POLICY, 2007, 35 (12) : 6258 - 6265
  • [4] Bioenergy consumption and economic growth in the EU-28 region: evidence from a panel cointegration model
    Mohd Alsaleh
    A. S. Abdul-Rahim
    GeoJournal, 2021, 86 : 1245 - 1260
  • [5] Bioenergy consumption and economic growth in the EU-28 region: evidence from a panel cointegration model
    Alsaleh, Mohd
    Abdul-Rahim, A. S.
    GEOJOURNAL, 2021, 86 (03) : 1245 - 1260
  • [6] The relationship between tourism and economic growth among BRICS countries: a panel cointegration analysis
    Rasool, Haroon
    Maqbool, Shafat
    Tarique, Md.
    FUTURE BUSINESS JOURNAL, 2021, 7 (01)
  • [7] The relationship between tourism and economic growth among BRICS countries: a panel cointegration analysis
    Haroon Rasool
    Shafat Maqbool
    Md. Tarique
    Future Business Journal, 7
  • [8] Tourism, globalization and economic growth: a panel cointegration analysis for selected West African States
    Salifou, Coulibaly Kigbajah
    ul Haq, Ihtisham
    CURRENT ISSUES IN TOURISM, 2017, 20 (06) : 664 - 667
  • [9] Islamic banking and economic growth in GCC & East Asia countries A panel cointegration analysis
    Yusof, Rosylin Mohd.
    Bahlous, Mejda
    JOURNAL OF ISLAMIC ACCOUNTING AND BUSINESS RESEARCH, 2013, 4 (02) : 151 - 172
  • [10] Inequality and growth: evidence from panel cointegration
    Herzer, Dierk
    Vollmer, Sebastian
    JOURNAL OF ECONOMIC INEQUALITY, 2012, 10 (04): : 489 - 503
12345