Impact of Tourism on Economic Growth of Nepal: Is Tourism-Led Growth Hypothesis Valid for Nepal?

Bhattarai, Kumar; Karmacharya, Roshan

doi:10.3126/gaze.v13i1.42081

Cited by 6 publications

(7 citation statements)

References 29 publications

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“…As a result of the analysis, it was found that international tourism revenues, foreign trade and total workforce affect economic growth in a statistically positive and significant way. These results have been reported in the literature as follows: Çetintaş and Barışık (2009), Gül and Kamacı (2012), Seghir et al, (2015), Korkmaz and Aydın (2015), Değer and Recepoğlu (2016), Hamdan (2016), Ohlan (2017), Yazdi et al (2017), Shahbaz et al (2018), Eroz et al (2020), Rasool et al (2021, Durmuş et al (2021), Bhattarai and Karmacharya (2022) have similar results.…”

Section: Conclusion and Discussionsupporting

confidence: 83%

Uluslararasi Turi̇zm Geli̇rleri̇, Diş Ti̇caret Ve Ekonomi̇k Büyüme: Di̇nami̇k Panel Veri̇ Anali̇zi̇

Yağış

2024

Adıyaman Üniversitesi Sosyal Bilimler Enstitüsü Dergisi

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Dünya ekonomilerine etkileri bakımından turizm faaliyetlerine verilen önem giderek artmaktadır. Turizm birçok ülkede milli gelirin artmasına ve yeni iş alanlarının ortaya çıkmasına katkı sağlamaktadır. Ekonomik büyüme ve kalkınmanın gerçekleştirilebilmesi için ülkelerin uluslararası turizme verdikleri destek her geçen gün artmaktadır. Ülkelerin ihtiyaç duyduğu döviz turizm sektörü ile karşılanabilmektedir. Bu dövizler mal ve hizmet üretimine, ödemeler dengesi açıklarının kapatılmasına, ekonomik büyüme ve kalkınmanın sağlanmasına önemli katkılar sunmaktadır. Bu çalışmanın amacı, uluslararası turizm gelirleri ve dış ticaretin ekonomik büyüme üzerindeki etkilerini G-20 üyesi ülkeler için dinamik panel veri analizi yöntemiyle incelemektir. Çalışma kapsamında G-20 üyesi ülkeler ele alınarak 2007-2019 dönemi için dinamik panel veri analizi yöntemi kullanılmıştır. Analiz kapsamında, sabit etkiler modeli, GMM, GMM robust, sistem GMM ve sistem GMM robust (dirençli hata) tahmincileri kullanılarak tahmin gerçekleştirilmiştir. Analiz sonucunda, uluslararası turizm gelirleri, dış ticaret ve toplam işgücünün ekonomik büyümeyi istatistiksel olarak pozitif ve anlamlı yönde etkilediği bulgularına ulaşılmıştır.

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Section: Conclusion and Discussionsupporting

confidence: 83%

Uluslararasi Turi̇zm Geli̇rleri̇, Diş Ti̇caret Ve Ekonomi̇k Büyüme: Di̇nami̇k Panel Veri̇ Anali̇zi̇

Yağış

2024

Adıyaman Üniversitesi Sosyal Bilimler Enstitüsü Dergisi

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“…This result is line with Paudyal (2012) who claimed that tourist arrivals show that tourism has impacted positively on the Nepalese economy. Our result is also consistent with the results of Karki (2018), Jaiswal (2018), andNepal et al (2019) whereas inconsistent with of Bhattarai and Karmacharya (2022). Tourist arrivals contribute to economic development through the employment opportunity, government income (through taxes), and infrastructure development.…”

Section: Ardl (Long-run and Short-run) Approachsupporting

confidence: 87%

“…From the ARDL model and Granger causality tests, the authors judged that a 1% increase in GDP would result in a 1.56% rise in tourism; the contribution of tourist arrivals to GDP was relatively small at less than 4% and therefore does not significantly contribute to economic growth. Using time series data from 1976 to 2020 using an autoregressive distributed lag (ARDL) technique, Bhattarai and Karmacharya (2022) empirically investigated the influence of tourism on Nepal's economic growth. The result of ARDL model shows that tourism has no significant impact on economic growth of Nepal in both short-run and long-run.…”

Section: Tourism and Economic Growth Nexus In Nepalmentioning

confidence: 99%

Is There a Long-Run Relationship Between Tourist Arrivals and Economic Growth in Nepal? An Empirical Assessment Based on Ardl Bounds Test Approach

KHANAL¹,

KHANAL²

2022

GTG

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The tourism industry has become a significant economic contributor to a number of countries worldwide. Until COVID-19, tourism was the world's largest and fastest-growing business. The importance of tourist arrivals and the examination of their effects has triggered curiosity among different researchers, as tourism helps in balance of payment and boosts the overall GDP of the nation. Thus, this paper aimed to examine the long-run relationship among the number of tourist arrivals per year and economic growth (proxied by GDP). The study used annual secondary data collected from World Development Indicators between 1995 and 2019. Cointegration test (ARDL bounds test) was applied to check the long-run relationship among the variables. The result shows that a 1% increase in tourist arrivals, in the long run, is associated with a 1.15% increase in GDP at a (p<0.05) significance level, other things remaining constant. The evidence from ARDL bounds cointegration test confirms that tourist arrivals have a long-run relationship with a significant impact on GDP in Nepal. Thus, this study recommends some policy implications like the allocation of government funds for infrastructure and tourism development is critical since these investments benefit the tourism industry and overall GDP of the country.

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“…weather, are also major draws (MFFA, 2022). Due to the abundance of natural and historical monuments, Nepal has great potential for developing tourism (Acharya & Halpenny, 2013;Bhattarai & Karmacharya, 2022).…”

Section: Introductionmentioning

confidence: 99%

Nexus between Tourism Industry and Economic Growth of Nepal

Dhungana

2023

J. Tourism Himalayan Adventures

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The tourism sector is essential to economic growth and has the capacity to stimulate the economy. The aim of this paper to assess the relationship between tourism industry and its economic growth. The gross domestic product (GDP) indicates the economic growth and tourism industry development relates to tourist arrivals, length of stay, and gross foreign exchange earnings from tourism. This study is grounded on secondary data collected from the Economic Survey of Nepal and the Nepal Tourism Statistics from 2000 to 2021. The study finds short and long-term causality between tourism industry and economic growth. The tourism development indicators include arrivals of tourist, length of stay, and gross foreign exchange from tourism. The unidirectional causality of economic growth to the length of stay of tourists and tourism to gross foreign exchange earnings were observed in the study. Adequate government strategies for the tourism sector can accelerate economic growth. The policymakers should give adequate attention to diversifying the tourism services, improving infrastructure, encouraging local communities, promoting sustainable tourism, enhancing marketing efforts, and promoting collaborations between the public, commercial sectors and local communities to support tourism industry for the sustained in Nepal.

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Impact of Tourism on Economic Growth of Nepal: Is Tourism-Led Growth Hypothesis Valid for Nepal?

Cited by 6 publications

References 29 publications

Uluslararasi Turi̇zm Geli̇rleri̇, Diş Ti̇caret Ve Ekonomi̇k Büyüme: Di̇nami̇k Panel Veri̇ Anali̇zi̇

Uluslararasi Turi̇zm Geli̇rleri̇, Diş Ti̇caret Ve Ekonomi̇k Büyüme: Di̇nami̇k Panel Veri̇ Anali̇zi̇

Is There a Long-Run Relationship Between Tourist Arrivals and Economic Growth in Nepal? An Empirical Assessment Based on Ardl Bounds Test Approach

Nexus between Tourism Industry and Economic Growth of Nepal

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