Revisiting the Tourism-Led-Growth Hypothesis: Fresh Evidence From the World’s Top Ten Tourist Destinations-Reference-Cited by-同舟云学术

Revisiting the Tourism-Led-Growth Hypothesis: Fresh Evidence From the World’s Top Ten Tourist Destinations

Published:2024-01-31 Issue:1 Volume:5 Page:
ISSN:2652-8681
Container-title:Asian Economics Letters
language:en
Short-container-title:

Author:

Raifu Isiaka Akande¹²^ORCID,Afolabi Joshua Adeyemi³^ORCID

Affiliation:

1. University of Ibadan, Nigeria

2. Centre for the Study of the Economies of Africa, Nigeria

3. Nigerian Institute of Social and Economic Research, Nigeria

Abstract

This study examines whether structural breaks matter in the tourism-growth nexus. We estimated annual and quarterly data for the world’s top 10 tourism destinations between 1995 and 2020 using the structural break, Fixed Effects and Feasible Generalised Least Square (FGLS) approaches. This study provides evidence of structural fractures in the relationship between tourism (in the lead) and economic growth.

Publisher

Asia-Pacific Applied Economics Association

Reference16 articles.

1. Tourism-led growth hypothesis: A case study of Pakistan;Qazi Muhammad Adnan Hye;Asia Pacific Journal of Tourism Research,2013

2. Feasible generalized least squares for panel data with cross-sectional and serial correlations;Jushan Bai;Empirical Economics,2021

3. Tourism as a long-run economic growth factor: the Spanish case;Jacint Balaguer;Applied economics,2002

4. Has the tourism-led growth hypothesis been validated? A literature review;Juan Gabriel Brida;Current Issues in Tourism,2016

5. A nonlinear approach to the tourism-led growth hypothesis: The case of the MERCOSUR;Juan Gabriel Brida;Current Issues in Tourism,2015

Cited by 2 articles. 订阅此论文施引文献订阅此论文施引文献，注册后可以免费订阅5篇论文的施引文献，订阅后可以查看论文全部施引文献

1. Is Tourism-Led-Growth Hypothesis Valid in the Presence of Structural Breaks?;Tourism;2024-04-03

2. Does rising inflation affect the tourism industry? Evidence from Nigeria;Journal of Policy Research in Tourism, Leisure and Events;2024-02-14