International Tourism and Economic Growth and Trade: Variance Decomposition Analysis

Shakouri, Bahram; Yazdi, Soheila Khoshnevis; Nategian, Niloofar; Shikhrezaei, Niloofar

doi:10.4172/2167-0269.1000286

Cited by 22 publications

(20 citation statements)

References 45 publications

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“…The study expects receipts from exports to be positively related to poverty, implying that an increase in consumption will reduce poverty. This is in line with studies done by Shakouri, Yazdi, Nategian and Shikhrezaei (2017) and Raspor, Stranjančević, Bulatović and Lacmanović (2017). The receipts from the travel subsector are the income from tourists in all the travel services (World Bank, 2019).…”

Section: Explanation Of Variables and Priori Expectationssupporting

confidence: 92%

Exploring the Tourism-Poverty Alleviation Nexus in the Brics Groupof Nations

Garidzirai

Matiza

2020

ECO

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The tourism-poverty alleviation nexus is becoming an increasingly significant subject of academic inquiry within the tourism economics discourse. Using time series data from the World Bank (1995–2017) in a P-ARDL model, the present study explores the relationship between tourism (receipts from exports, the travel subsector, hospitality and accommodation subsector) and poverty alleviation (final household consumption) with tourism arrivals as the control variable within the context of the BRICS group. The results suggest that receipts from the travel subsector and exports met the a priori expectation – positively influencing poverty alleviation within BRICS nations in the long run. Contrastingly, receipts from the hospitality and accommodation subsector did not meet the a priori expectation of a positive sign, with the results indicating statistical insignificance in the long run. However, receipts from the hospitality and accommodation were found to only influence poverty alleviation in the short run. Relatedly, the results suggest that increases in consumption associated with growth in tourism arrivals did not influence poverty in the BRICS. The results point to the heterogeneity of the influence of tourism on poverty alleviation, whereby certain dimensions of tourism contribute to poverty alleviation in the long run and others do so in the short run. Based on these findings it is recommended that BRICS countries harness their tourism potential and promote intra-BRICS tourism to maximise the positive impact of travel and tourism export receipts on household consumption, which catalyses poverty alleviation.

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Section: Explanation Of Variables and Priori Expectationssupporting

confidence: 92%

Exploring the Tourism-Poverty Alleviation Nexus in the Brics Groupof Nations

Garidzirai

Matiza

2020

ECO

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“…The authors used panel data from 1995-2009 and found that tourism inversely influenced economic growth. Shakouri et al (2017) found contrary results from (Samimi et al, 2013). The authors used the panel data regressions focusing on tourism expenditure and tourism revenue in Asian countries.…”

Section: Literature Reviewmentioning

confidence: 74%

An Analysis of the Contribution of Tourism on Economic Growth in South African Provinces: A Panel Analysis

Garidzirai¹,

Pasara²

2020

GTG

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“…The implication of the study was that a push in either economic growth or tourism receipts would be beneficial to the sector as well as the economy of MENA zone. Shakouri et al (2017) employed panel granger causality and variance decomposition to investigate whether economic growth promotes tourism receipts in selected Asian countries covering a period of twenty years from 1995 to 2014. The results show that the causality is from tourism to economic growth.…”

Section: Studies From Other Economiesmentioning

confidence: 99%

“…Essentially, studies that utilized a range of much older statistical data tend to establish positive relationship between tourism and economic growth in the country (Matthew et al 2018;Omodero, 2019). Whereas, recent studies in other countries and continents tend to focus on more recent data ranging within 10-25 years for more realistic results (Ivanov and Webster, 2013;Shakouri et al 2017;Yalcinkaya et al 2018). Some other studies conducted by foreign researchers on African countries including Nigeria, suffered the lack of complete data (Bezuidenhout and Grater, 2016).…”

Section: Introductionmentioning

confidence: 99%

Tourism and Economic Growth in African Largest Economy

Salawu¹

2020

EJEF

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The study examines the nexus between tourism and economic growth in Nigeria from 1995-2017. Data were sourced from World Development Indicator and World Tourism Council data base online. Autoregressive distributed lag model (ARDL) was used in analyzing the data. The result of the Bounds test shows that the value of the Fstatistics is greater than the value of the upper bound of the Pesaran, Chin and Smith statistics table at 1% level of significance, which showed that there is a long run relationship among economic growth (GRGDP), growth in the receipt from tourism (GRTR) and exchange rate (EXR). The long run result stipulates that there is no significant relationship between GRTR and GRGDP on one hand and LEXR and GRGDP on the other hand. In the short run, tourism had negative impact on Nigeria's economic growth. The estimate indicates substantial role for time, previous state of the economy and tourism growth. While this result seems a contrast to theory, there may have been many factors connected to tourism development and practices which are anti-growth in the case of Nigeria. Furthermore, a percentage change in exchange rate reveals an ignorable though negative relationship with GRGDP. This may be due to uncertainty which surrounds exchange rate in a flexible regime. The study recommends that the government should invest in infrastructural facilities and tourist centers in order to boost economy of the country. Budgetary allocation can be channeled to tourism industry. Tax incentives to tourism firms should be encouraged.

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International Tourism and Economic Growth and Trade: Variance Decomposition Analysis

Cited by 22 publications

References 45 publications

Exploring the Tourism-Poverty Alleviation Nexus in the Brics Groupof Nations

Exploring the Tourism-Poverty Alleviation Nexus in the Brics Groupof Nations

An Analysis of the Contribution of Tourism on Economic Growth in South African Provinces: A Panel Analysis

Tourism and Economic Growth in African Largest Economy

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