The relationship between tourism and sustainable economic growth in the Republic of Benin

Pan, Xuan Ming; Dossou, Toyo Amègnonna Marcel

doi:10.1080/13683500.2019.1676206

Cited by 29 publications

(23 citation statements)

References 22 publications

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“…This is certified by the statistical evidence of unidirectional causality running from the real per capita GDP level to international tourist arrivals. The results corroborate the findings by Pan and Dossou [55] for Benin. Unidirectional causation from the real exchange rate to international tourist arrivals is also apparent.…”

Section: Resultssupporting

confidence: 92%

“…Hence, considering the corresponding elasticity estimate, it can be said that a rise in the real value of the nominal exchange rate exerts a positive influence on the tourism decision of the foreign tourists who intend to travel to South Asia. Pan and Dossou [55] also reported similar findings in the context of Benin. Finally, jet oil prices are also found to causally influence international tourist arrivals in South Asia.…”

Section: Resultssupporting

confidence: 60%

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Calibrating the Impacts of Regional Trade Integration and Renewable Energy Transition on the Sustainability of International Inbound Tourism Demand in South Asia

et al. 2020

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This paper aims to evaluate the overarching relationships between International Inbound Tourism Demand (IITD), regional trade integration and Renewable Energy Transition (RET) in the context of selected South Asian economies between 1990 and 2016. The results from the panel data econometric analyses, accounting for cross-sectional dependency and slope heterogeneity issues, showed that higher degrees of intra-regional trade between the South Asian economies exert positive impacts on the IITD in South Asia. Similarly, undergoing a RET was found to stimulate the IITD further. Besides, the joint favorable impacts of regional trade integration and RET on South Asia’s IITD were also ascertained. Therefore, these findings impose key policy implications concerning the pertinence of strengthening regional trade cooperation between the South Asian neighbors and boosting renewable energy consumption for enhancing the IITD further.

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Section: Resultssupporting

confidence: 92%

Section: Resultssupporting

confidence: 60%

Calibrating the Impacts of Regional Trade Integration and Renewable Energy Transition on the Sustainability of International Inbound Tourism Demand in South Asia

et al. 2020

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“…The result of the study was consistent with the report of Dritsakis (2004), as it indicated that there is cointegration among tourism, real effective exchange rate and GDP. Similarly, the work of Pan and Dossou (2019) is consistent with the outcome of the study that there is cointegration between tourism and GDP.…”

Section: Discussion Of Findingssupporting

confidence: 86%

An Examination of the Causal Relationship Between Tourism and Economic Growth in Ghana from 1987 to 2018

2020

JESD

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The growth of every nation is its ability to improve every sector of the economy that provides better outcomes through revenue mobilization and investment. With the Ghana's attention shifted to tourism, it is imperative to identify how tourism could trigger growth in the country. Thus, the study sought to examine the causal relationship between tourism and economic growth of Ghana and its related challenges. The study adopted a mixed method approach in the collection and analysis of data. Both secondary and primary data were used in the analysis of the study. In analyzing the quantitative study, data on tourism and GDP from 1987 to 2018 were used. The study adopted the Johansen Cointegration test and the instrumental variable estimation to identify the causal relationship among the variables. The outcome of the study from the Johansen and Co-integration test instrumental variable showed that there is a unidirectional causal relationship between tourism receipt and GDP growth both in the short run and the long run and a positive significant effect of tourism on economic growth of Ghana. The result showed that government has been the major contributor to the sector. Also, the most challenging issue curtailing the sector was found to be the issue of the COVID 19 pandemic. As such, the study recommended that ensuring publicprivate partnership could improve the sector to ensure growth in the economy. Further extensive research is required to understand the effects of tourism on host communities.

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“…Furthermore, there are some other evidences suggesting bidirectional relationship between tourism and economic growth, like Dogru and Bulut (2018) and Ridderstaat et al (2014). Pan and Dossou (2019), by using time-series data of 1995-2015 for Republic of Benin, found positive and signifi cant relationship between tourism and economic growth in short-run (at 10%) as well as in long-run (at 5%). Cannonier and Burke (2018) studied impact of tourism on economic growth in 15 Caribbean countries by using panel data of 1980-2015.…”

Section: Literature Reviewmentioning

confidence: 98%

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

Bhattarai¹,

Karmacharya²

2022

The Gaze: J Tourism & Hosp.

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A voluminous study is available on tourism-growth nexus as tourism industry received considerable attention as a potential source of economic growth. This paper empirically examines the impact of tourism on economic growth of Nepal by using time series data of 1976-2020 and applying autoregressive distributed lag (ARDL) approach. Real GDP was used as proxy measure of economic growth, which was the outcome variable whereas the variable of interest was tourism receipts. Foreign aid, total volume of trade and ratio of government consumption expenditure to GDP were taken as control variables. The result of ARDL model shows that tourism has no significant impact on economic growth of Nepal in both short-run and long-run. However, total volume of trade has positive and significant effect on economic growth in short-run whereas foreign aid, total volume of trade and ratio of government consumption expenditure to GDP have positive and significant effect on economic growth in the long-run. In such context of tourism and growth relationship, tourism-led growth hypothesis is rejected for Nepal.

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The relationship between tourism and sustainable economic growth in the Republic of Benin

Cited by 29 publications

References 22 publications

Calibrating the Impacts of Regional Trade Integration and Renewable Energy Transition on the Sustainability of International Inbound Tourism Demand in South Asia

Calibrating the Impacts of Regional Trade Integration and Renewable Energy Transition on the Sustainability of International Inbound Tourism Demand in South Asia

An Examination of the Causal Relationship Between Tourism and Economic Growth in Ghana from 1987 to 2018

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

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