The Impact of Tourism on the Economic Growth of African Countries
Tourism has been known to have an impact on the economy of the country. This study aims to identify the effect of tourism on the economic growth of African countries taking annual data from the World Bank from 2003-2013. Pedroni’s Panel Cointegration and Dumitrescu and Hurlin (2012) Granger Causalit...
| Main Author: | |
|---|---|
| Format: | Dissertation (University of Nottingham only) |
| Language: | English |
| Published: |
2017
|
| Subjects: | |
| Online Access: | https://eprints.nottingham.ac.uk/41989/ |
| _version_ | 1848796394470506496 |
|---|---|
| author | Arain, Eamaan Azhar |
| author_facet | Arain, Eamaan Azhar |
| author_sort | Arain, Eamaan Azhar |
| building | Nottingham Research Data Repository |
| collection | Online Access |
| description | Tourism has been known to have an impact on the economy of the country. This study aims to identify the effect of tourism on the economic growth of African countries taking annual data from the World Bank from 2003-2013. Pedroni’s Panel Cointegration and Dumitrescu and Hurlin (2012) Granger Causality test is employed to determine the relationship. In addition, two proxies are used for tourism, tourism receipts and tourism arrivals, to act as robustness tests. The sample is also grouped into island and non-island countries and FMOLS estimation is done to try to determine the elasticities of the variables that are in the study and study whether there is a difference between island or non-island countries. The effect of tourism reliance is also examined by introducing an index that measures tourism reliance. The empirical results indicate that there is a cointegrating relationship between tourism and economic development. In addition, the causality is uni-directional from GDP to tourism in the case of the first proxy for tourism, (tourism receipts) and the causality is bi-directional in the case of the second proxy of tourism (tourism arrivals) |
| first_indexed | 2025-11-14T19:47:17Z |
| format | Dissertation (University of Nottingham only) |
| id | nottingham-41989 |
| institution | University of Nottingham Malaysia Campus |
| institution_category | Local University |
| language | English |
| last_indexed | 2025-11-14T19:47:17Z |
| publishDate | 2017 |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | nottingham-419892017-10-13T01:08:29Z https://eprints.nottingham.ac.uk/41989/ The Impact of Tourism on the Economic Growth of African Countries Arain, Eamaan Azhar Tourism has been known to have an impact on the economy of the country. This study aims to identify the effect of tourism on the economic growth of African countries taking annual data from the World Bank from 2003-2013. Pedroni’s Panel Cointegration and Dumitrescu and Hurlin (2012) Granger Causality test is employed to determine the relationship. In addition, two proxies are used for tourism, tourism receipts and tourism arrivals, to act as robustness tests. The sample is also grouped into island and non-island countries and FMOLS estimation is done to try to determine the elasticities of the variables that are in the study and study whether there is a difference between island or non-island countries. The effect of tourism reliance is also examined by introducing an index that measures tourism reliance. The empirical results indicate that there is a cointegrating relationship between tourism and economic development. In addition, the causality is uni-directional from GDP to tourism in the case of the first proxy for tourism, (tourism receipts) and the causality is bi-directional in the case of the second proxy of tourism (tourism arrivals) 2017 Dissertation (University of Nottingham only) NonPeerReviewed application/pdf en https://eprints.nottingham.ac.uk/41989/1/ArainEamaanAzhar-41989.pdf Arain, Eamaan Azhar (2017) The Impact of Tourism on the Economic Growth of African Countries. [Dissertation (University of Nottingham only)] Africa Tourism Economic Growth Islands and non-islands tourism-led economic growth economic-driven tourism growth Panel Causality Panel Cointegration |
| spellingShingle | Africa Tourism Economic Growth Islands and non-islands tourism-led economic growth economic-driven tourism growth Panel Causality Panel Cointegration Arain, Eamaan Azhar The Impact of Tourism on the Economic Growth of African Countries |
| title | The Impact of Tourism on the Economic Growth of
African Countries |
| title_full | The Impact of Tourism on the Economic Growth of
African Countries |
| title_fullStr | The Impact of Tourism on the Economic Growth of
African Countries |
| title_full_unstemmed | The Impact of Tourism on the Economic Growth of
African Countries |
| title_short | The Impact of Tourism on the Economic Growth of
African Countries |
| title_sort | impact of tourism on the economic growth of
african countries |
| topic | Africa Tourism Economic Growth Islands and non-islands tourism-led economic growth economic-driven tourism growth Panel Causality Panel Cointegration |
| url | https://eprints.nottingham.ac.uk/41989/ |