The Relationship between Tourism and Economic Growth: OECD Countries

Gövdeli, Tuncer; Direkçi, Tuba

doi:10.6007/ijarems/v6-i4/3489

Cited by 15 publications

(9 citation statements)

References 17 publications

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“…Likewise, there is a univariate causality from GDP to T. The Granger causality outcomes further verify the baseline NARDL model estimations; as the GDP causes CO 2 emissions due to high level of economic activities, tourism also causes CO 2 emissions due to a high level of energy use and increase in the aggregate consumption in the economy. The results of this study resemble those of Lee and Brahmasrene (2013), Jardón et al (2017), Govdeli and Direkci (2017), Chengcai Tang et al (2017), andZhu et al (2021).…”

Section: Empirical Analysissupporting

confidence: 80%

“…Likewise, a study reported a long-run positive association between tourism, economic growth, and employment in Pakistan (Manzoor et al, 2019). Govdeli and Direkci (2017) used data of 34 OECD countries from 1997 to 2017 and found that development of tourism opportunities enhances economic growth in these countries. The second group of researchers contend, though, that development in the tourism industry and economic growth reinforce each other due to a bidirectional causal relationship.…”

Section: Literature Review Tourism and Economic Growthmentioning

confidence: 99%

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Investigating Relationships Between Tourism, Economic Growth, and CO2 Emissions in Brazil: An Application of the Nonlinear ARDL Approach

Ullah

Rehman

Svobodová

et al. 2022

Front. Environ. Sci.

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Global tourism has witnessed a significant positive implication on the development of developing economies. Despite the positive implication of tourism, it imposes a serious environmental cost such as environmental pollution. Brazil receives a large number of tourists each year that potentially affects economic growth and development. Therefore, this study investigates the effect of tourism on GDP and CO2 emissions in Brazil. We used a nonlinear ARDL approach to examine the nexus between tourism, economic growth, and CO2 emissions in Brazil for the period 1995–2018. The outcomes of this study reveal both short-run and long-run associations between tourism, GDP per capita, and CO2 emissions in Brazil. Nevertheless, both tourism and economic growth cause significant deterioration of the environment quality in Brazil. These findings suggest that the policymakers shall look for more sustainable and eco-friendly economic growth and tourism policies to preserve the environmental quality in Brazil.

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Section: Empirical Analysissupporting

confidence: 80%

Section: Literature Review Tourism and Economic Growthmentioning

confidence: 99%

Investigating Relationships Between Tourism, Economic Growth, and CO2 Emissions in Brazil: An Application of the Nonlinear ARDL Approach

Ullah

Rehman

Svobodová

et al. 2022

Front. Environ. Sci.

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“…Additionally, based on panel data collected from 19 island countries between 1990 and 2007, Seetanah [11] found that the development of the tourism industry played a significant role in promoting economic growth. Furthermore, based on panel data collected from 34 Organization for Economic Cooperation and Development (OECD) countries between 1997 and 2012, Govdeli and Direkci [12] came to a similar conclusion. The second category of main conclusions is that the development of the tourism industry and economic growth could mutually facilitate each other with a bidirectional causal relationship.…”

Section: Literature Reviewmentioning

confidence: 75%

Research on Interactions between the Economy and Environment in Tourism Development: Case of Qingyang, China

Pang

Yang

et al. 2018

Sustainability

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Tourism has rapidly developed into one of the world’s largest industries, and represents a new growth point for stimulating a region’s economic and social development. Therefore, a clear understanding of the interactive relationship between the tourism industry, the economy and the environment, as well as the potential mechanisms involved, can play an important role in improving the coordination between these three elements and forming a sustainable development policy. By utilizing quantitative analysis methods and models, this study uses Qingyang City, Gansu Province, as a case study, and tests the relationship between the development of the tourism industry, the economy and the environment. This study makes a number of important conclusions: (1) a mutually promoting relationship does not exist between the development of the tourism industry and economic growth; instead, a unidirectional relationship is found between the two elements. Similarly, a mutually promoting relationship does not exist between the development of the tourism industry and environmental quality; rather, a unidirectional relationship is found between the two elements. (2) The “curse effect” on economic growth imposed by the development of the tourism industry is found to exist. The development of the tourism industry not only exerts a direct negative influence on economic growth, but also adversely affects it in an indirect way through its influence over some transmission factors. Additionally, the curse effect on the environment imposed by the development of the tourism industry is also found to exist. The development of the tourism industry not only imposes a direct negative influence on the environment, but also adversely affects it in an indirect way through its influence over some transmission factors. (3) During the process of regional development, the relationship between the tourism industry, the economy and the environment needs to be correctly addressed. Through effective policies, it should be possible to realize the coordination of and sustainable development between the tourism industry, the economy and the environment.

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“…The objectives of the research were to model the empirical relationship between tourism and the economic development of Sri Lanka under the various socioeconomic incidences to identify the appropriateness of the tourism-led growth hypothesis to Sri Lanka as a sustainable development strategy. Among Various studies in the field, the majority did not consider the structural changes of variables in their estimated empirical models (Jayathilake, 2013;Govdeli and Direkci, 2017;Stryzhak, 2019;Tabash, 2017;etc.). Some authors have addressed the structural changes in the model but they did not consider breaks of variables in the unit root tests (Jacobson & Mustafa, 2019;Ranasinghe & Sugandika, 2018;Lelwala & Gunarathne, 2008;Allare et al, 2011;etc.).…”

Section: Research Article Gmentioning

confidence: 99%

How Strong Is the Linkage between Tourism and Economic Growth in Sri Lanka; Evidence From 1971-2020

Dilhani

Abeynayake

2022

J. Univ. Ruhuna

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In the late twentieth and early twenty-first century, tourism is one of the leading industries in the world economy, including a number of employees, participation in social products, national income, and total consumption. This study was conducted to examine the relationship between tourism and the economy of Sri Lanka by considering the structural changes of both sectors during the 1971-2020 period. Quantitative research Methodology has been applied with preliminary and secondary time series analysis. Annual Gross Domestic Product and Annual Official Tourist Receipts were modeled in the study. Dummy variables were included to present the structural changes in the estimated time series models. Annual time series data were examined by estimating the time series regression model. The backward step-wise regression estimations were applied to find the best model with Minimum Absolute Percentage Error value for forecasted values. The selected model among all estimated models was significant under all model adequacy statistical tests and that was sound enough to provide appropriateness of the tourism-led growth hypothesis to Sri Lanka. Sri Lanka is facing an economic crisis basically due to the excessive exchange rate for the US$ and the lack of Dollars in Sri Lankan reserve funds. It is possible to keep more attention on the tourism development of Sri Lanka as an immediate action to recover Sri Lanka from this rapid economic instability.

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The Relationship between Tourism and Economic Growth: OECD Countries

Cited by 15 publications

References 17 publications

Investigating Relationships Between Tourism, Economic Growth, and CO2 Emissions in Brazil: An Application of the Nonlinear ARDL Approach

Investigating Relationships Between Tourism, Economic Growth, and CO2 Emissions in Brazil: An Application of the Nonlinear ARDL Approach

Research on Interactions between the Economy and Environment in Tourism Development: Case of Qingyang, China

How Strong Is the Linkage between Tourism and Economic Growth in Sri Lanka; Evidence From 1971-2020

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