The relationship between tourism receipts, real effective exchange rate and economic growth in Tunisia

Belloumi, Mounir

doi:10.1002/jtr.774

Cited by 215 publications

(159 citation statements)

References 28 publications

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“…In the same equation, we have a unidirectional short-run causality running from output to the number of tourist arrivals, while bidirectional causality is supported in the long-run. These results are different from those provided by Belloumi [11] who argues that there is a long-run unidirectional relationship running from real international tourist receipts to GDP. This difference in results may be explained by the fact that we use the number of international tourist arrivals as a variable explaining tourism, while Belloumi [11] uses real international tourist receipts as a variable explaining tourism in Tunisia.…”

Section: Resultscontrasting

confidence: 99%

“…Allowing explicitly tourism to enter the production function as a deterministic variable of the output growth has been previously studied in a number of econometric surveys (Belloumi,[11]; Ben Jebli et al, [15]; Choyakh, [18]; Katircioglu, [27], [28]; Katircioglu et al, [29]). For the case of Tunisia, Belloumi [11] investigates the relationship between tourism receipts, the real effective exchange rate and economic growth over the period 1970-2007. The results provide supportive evidence for the presence a cointegrating relationship between economic growth and tourism.…”

Section: Introductionmentioning

confidence: 99%

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The dynamic interaction between combustible renewables and waste consumption and international tourism: the case of Tunisia

Jebli

Youssef

Apergis

2015

Environ Sci Pollut Res

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This paper employs the Autoregressive Distributed Lag (ARDL) bounds methodological approach to investigate the relationship between economic growth, combustible renewables and waste consumption, carbon dioxide (CO 2 ) emissions and international tourism for the case of Tunisia spanning the period 1990-2010. The results from the Fisher statistic of both the Wald-test and the Johansen test confirm the presence of a long-run relationship among the variables under investigation. The stability of estimated parameters has been tested, while Granger causality tests recommend a short-run unidirectional causality running from economic growth and combustible renewables and waste consumption to CO 2 emissions, a bidirectional causality between economic growth and combustible renewables and waste consumption and unidirectional causality running from economic growth and combustible renewables and waste consumption to international tourism. In the long-run, the error correction terms confirm the presence of bidirectional causality relationships between economic growth, CO 2 emissions, combustible renewables and waste consumption and international tourism. Our long-run estimates show that combustible renewables and waste consumption increases international tourism, and both renewables and waste consumption and international tourism increase CO 2 emissions and output. We recommend that: (i) Tunisia should use more combustible renewables and waste energy as this eliminates wastes from especially tourist zones and increases the number of tourist arrivals, leading to economic growth, and (ii) a fraction of this economic growth generated by the increase in combustible renewables and waste consumption should be invested in clean renewable energy production (i.e., solar, wind, geothermal) and energy efficiency projects.

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Section: Resultscontrasting

confidence: 99%

Section: Introductionmentioning

confidence: 99%

The dynamic interaction between combustible renewables and waste consumption and international tourism: the case of Tunisia

Jebli

Youssef

Apergis

2015

Environ Sci Pollut Res

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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.…”

mentioning

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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“…In supporting these views, Chang (2008), using heterogeneous panel cointegration, found unidirectional causality from tourism development to economic growth in Organisation for Economic Cooperation and development (OECD) countries whilst in non-OECD countries, found bidirectional causality between variables. On Bellaumi (2010) and Brida et al (2010) also found unidirectional causality from tourism to economic growth in Tunisia and Uruguay respectively. Furthermore, Tang (2011) and De MelloSampayo and de Sousa-Vale S (2011) also found unidirectional causality from tourism to economic growth in Malaysia and north European countries respectively.…”

Section: Review Of Literaturementioning

confidence: 85%

Dynamic relationship between tourism, trade, infrastructure and economic growth: Empirical evidence From Malaysia.

Suleiman¹,

Albiman²

2014

J. Afr. Stud. Dev

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This paper aims to investigate a positive inter-relationship between tourism, trade, infrastructure and economic growth. Through number of literature examine bilateral relationship between the variables; the literature has certified that tourism is the one of the key factor in trade and economic growth as well as trade is the key factors of tourism and economic growth. Furthermore, the literature found that infrastructure has a strong correlation between tourism, trade and economic growth. The results were mixed, some study found bidirectional and unidirectional relationship in bilateral model between tourism, trade, infrastructure and economic growth. Nevertheless, few studies carried out in term of analyzing the dynamic relationship between these four variables in Malaysia. In order to fill the gaping hole, t h e study analyzes the dynamic relationship between tourism, trade, infrastructure and economic growth in Malaysia. Therefore, the study used cointegration and granger causality tests to estimate the causal relationships between trade, tourism, infrastructure and economic growth in Malaysia using an annual data from 1999 to 2010. Findings show that trade has a significant impact in the long run on the economic performance of Malaysia. In the short run, statistical results show that there are causal relationships between trade, tourism, infrastructure and economic growth. The present results support growth-led tourism, tourism-led infrastructure, trade and economic growth, trade-led growth, tourism and infrastructure as well as infrastructure -led growth and infrastructure development in the short run. Overall, this study indicates that tourism, trade, infrastructure and economic growth interact and reinforce each other either directly or indirectly.

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The relationship between tourism receipts, real effective exchange rate and economic growth in Tunisia

Cited by 215 publications

References 28 publications

The dynamic interaction between combustible renewables and waste consumption and international tourism: the case of Tunisia

The dynamic interaction between combustible renewables and waste consumption and international tourism: the case of Tunisia

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

Dynamic relationship between tourism, trade, infrastructure and economic growth: Empirical evidence From Malaysia.

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