Small sample evidence on the tourism-led growth hypothesis in Lebanon

Tang, Chor Foon; Abosedra, Salah

doi:10.1080/13683500.2012.732044

Cited by 130 publications

(71 citation statements)

References 44 publications

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“…Surveys have shown that there was a positive and strong relationship between tourism and economic growth (Cortes-Jimenez and Pulina, 2010;Adnan Hye and Ali Khan, 2013;Tang and Abosedra, 2014;Pablo-Romero and Molina, 2013;Al-Mulali et al, 2014;Bouzahzah and El Menyari, 2013;Jalil et al, 2013). Sgroi et al (2014) shown that rural communities improve economic growth.…”

Section: Introductionmentioning

confidence: 99%

Modeling and Forecasting of International Tourism Demand in ASEAN Countries

Karimi¹,

Faroughi²,

Rahim³

2015

American Journal of Applied Sciences

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This study attempts to find the best model to forecast international tourism demand using a series of key macroeconomic variables in ASEAN countries. Generally, we find that generalized Poisson regression model is the best one for estimating long-run international tourism demand. In addition, we find that inflation and real exchange rate have negative relationship with international tourism demand. On the other hand, foreign direct investment and openness of trade have positive relationship with international tourism demand. Cointegration test result shows that there is a long-run relationship between variables.

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Section: Introductionmentioning

confidence: 99%

Modeling and Forecasting of International Tourism Demand in ASEAN Countries

Karimi¹,

Faroughi²,

Rahim³

2015

American Journal of Applied Sciences

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“…However, despite using research methodologies based on time series and/or panel data analytical techniques, empirical studies have shown mixed or even inconsistent results in terms of supporting the tourism-led economic growth hypothesis. Examples of studies that analyze the relationship between tourism and economic growth employing the Granger causality test with time series data analysis include Balaguer and Cantavella-Jorda [9], Durbarry [10], Gunduz and Hatemi-J [11], Brida, Carrera, and Risso [12], Chen and Chiou-Wei [13], Belloumi [16], Akinboade and Braimoh [17], Tang and Abosedra [18], and Tang and Tan [19]. These studies provide evidence in support of the tourism-led growth hypothesis.…”

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confidence: 99%

Is Tourism Development a Sustainable Economic Growth Strategy in the Long Run? Evidence from GCC Countries

Alhowaish

2016

Sustainability

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Abstract:The main objective of this study is to investigate the causal relationship between tourism development and economic growth in Gulf Cooperation Council (GCC) countries in a multivariate model, using panel data for the period 1995-2012. The study adopts a panel Granger causality analysis approach to assess the contribution of tourism to economic growth in GCC countries as a whole, and in each individual country. In the case of GCC countries as a whole, the results show a one-way Granger causality, from economic growth to tourism growth. Furthermore, Kuwait, Saudi Arabia, Qatar, and the United Arab Emirates follow the path of economy-driven tourism growth, as hypothesized. The reverse hypothesis (i.e., tourism-led growth hypothesis) holds true for Bahrain, while there is no causal relationship between tourism and economic growth in the case of Oman.

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“…Some studies maintain that tourism leads to economic growth (such as Tang and Tan, 2013;Tang and Abosedra, 2012;and Gunduz and Hatemi-J, 2005), while others support the preservation hypothesis (i.e. economic growth stimulates tourism growth) (see, Parrilla, Font, and Nadal, 2007;Matarrita-Cascante, 2010;Ivanov and Webster, 2012).…”

Section: Literature Reviewmentioning

confidence: 99%

Does Tourism Sustain Economic Growth? Wavelet-Based Evidence From the United States

Sharif

Saha

Loganathan³

2017

Tourism Analysis

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This study explores the relationship between tourism development and economic growth in high tourist arrival country such as the United States of America (USA) by adopting the wavelet transform approach using monthly data over the period 1996M01-2015M08. Three innovative techniques that are continuous wavelet, wavelet coherence power spectrum and wavelet based Granger causality that consider the decomposition of time-series at different time frequencies, are utilized to conduct the study. The results of autoregressive distributed lag and combine cointegration tests show that there is a significant long-run relationship occurs between tourism development and economic growth in USA. Furthermore, the results indicate that there is a unidirectional causal influence of economic growth on tourism development in the short-run whereas, in the long-run the opposite causal relationship is evident in USA. Thus it can be recommended that government needs to increase and promote tourism demand and further providing and nurturing the expansion of tourism supply with the advancement of economic growth.

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Small sample evidence on the tourism-led growth hypothesis in Lebanon

Cited by 130 publications

References 44 publications

Modeling and Forecasting of International Tourism Demand in ASEAN Countries

Modeling and Forecasting of International Tourism Demand in ASEAN Countries

Is Tourism Development a Sustainable Economic Growth Strategy in the Long Run? Evidence from GCC Countries

Does Tourism Sustain Economic Growth? Wavelet-Based Evidence From the United States

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