Tourism, globalization and economic growth: a panel cointegration analysis for selected West African States

被引：29
|
作者：
Salifou, Coulibaly Kigbajah [1 ]
ul Haq, Ihtisham [1 ]
机构：
[1] Hunan Univ, Coll Econ & Trade, Off 711, Changsha 410082, Hunan, Peoples R China
来源：
CURRENT ISSUES IN TOURISM | 2017年 / 20卷 / 06期
关键词：
cointegration analysis; globalization; tourism; development;
D O I：
10.1080/13683500.2016.1175421
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
This study examined the tourism-led hypothesis for selected 11 countries of Economic Community of West African States (ECOWAS). Panel cointegration technique was employed to inspect long-run relationship between study variables. Results of fully modified ordinary least squares and dynamic ordinary least squares confirmed the positive effect of physical capital, tourism and economic globalization index on economic growth. Thus, tourism-led growth hypothesis exists in ECOWAS. Conversely, negative impact of foreign direct investment on growth was captured.
引用
收藏
页码：664 / 667
页数：4
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