Long Run Analysis of Tourism and Economic Growth in Nigeria

Autor:	Clement Atewe Ighodaro, Abidemi C. Adegboye
Rok vydání:	2020
Předmět:	Economics and Econometrics Capital investment Cointegration Employment growth Economics Per capita Revenue Monetary economics Tourism
Zdroj:	International Journal of Economic Policy in Emerging Economies. 13:1
ISSN:	1752-0460 1752-0452
DOI:	10.1504/ijepee.2020.10026310
Popis:	In this paper, the impact of tourism on economic growth in Nigeria is examined using a dynamic framework and data covering the 1983-2017 period. Tourism impacts are measured in terms of capital investment in the sector and contribution to total export revenues, while growth is considered in terms of growth in GDP per capita, services sector growth and aggregate employment. Using the autoregressive distributed lags (ARDL) approach to cointegration analysis, the study finds a unidirectional long run relationship running from tourism to economic growth in Nigeria. Moreover, it is found that the direct effect of tourism on growth is weak, rather a strong channelled impact of tourism sector development on economic growth in Nigeria is established. In the long run, tourism promotes services sector expansion and contributes significantly to overall employment growth in Nigeria.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_________::cb9cfa2ec3b97a1925e91f6713ddf861 https://doi.org/10.1504/ijepee.2020.10026310 Zobrazit plný text záznamu