Asymmetric reactions in the tourism-led growth hypothesis

被引：4
|
作者：
Kumar, Nikeel Nishkar [1 ]
Patel, Arvind [1 ]
Kimpton, Sean [2 ]
Andrews, Antony [2 ]
机构：
[1] Univ South Pacific, Sch Accounting Finance & Econ, Suva, Fiji
[2] Auckland Univ Technol, Sch Econ, Auckland, New Zealand
来源：
AUSTRALIAN ECONOMIC PAPERS | 2022年 / 61卷 / 04期
关键词：
asymmetric causality; nonlinear ARDL; Solow model; Tonga; tourism demand; tourism led growth hypothesis; ECONOMIC-GROWTH; CAUSALITY ANALYSIS; NEXUS;
D O I：
10.1111/1467-8454.12272
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
In this study, we test for asymmetries in the tourism-led growth hypothesis. Asymmetric causality tests allow us to examine whether positive or negative changes in tourism cause growth. Our specification is based on an extended Solow growth model and draws from recent articles on tourism and growth. Using Tonga as a case study over the period 1981-2018, we find that tourism asymmetrically Granger causes economic growth. The magnitude of effects from the nonlinear ARDL model shows that economic growth is more sensitive to a downward movement compared to an upward movement in visitor arrivals.
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页码：661 / 677
页数：17
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