Is tourism a catalyst of growth in Egypt? evidence from granger non-causality and the generalised variance decomposition analysis
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Dosyalar
Tarih
2017
Yazarlar
Dergi Başlığı
Dergi ISSN
Cilt Başlığı
Yayıncı
routledge journals, taylor & francıs ltd
Erişim Hakkı
info:eu-repo/semantics/openAccess
Özet
This study attempts to analyze the role of tourism in economic growth in Egypt over the period of 1982-2011. Our empirical results reveal that economic growth, tourism, and capital stock are cointegrated. The results of TYDL causality tests indicate that tourism and economic growth is bi-directional causality. Furthermore, we find that that tourism explained most of the variation in economic growth, especially in the long-run. Therefore, we conclude that the tourism-led growth hypothesis is valid and tourism expansion would effectively stimulate long-term economic growth in Egypt. As a policy implication, Egypt should improve its economic growth performance by strategically improving the contribution of the tourism industry.
Açıklama
WOS: 000401978100003
Anahtar Kelimeler
Tourism-Led Growth, Economic Growth, Causality, Egypt, Variance Decomposition
Kaynak
Anatolıa-İnternatıonal Journal of Tourısm and Hospıtalıty Research
WoS Q Değeri
N/A
Scopus Q Değeri
Q1
Cilt
28
Sayı
2
