The DOI matches its Crossref record; 3 of the 3 references it cites were found in a registry or an index.
Tourism and Economic Growth: A Panel Data Analysis for Pacific Island Countries
Open accessAbstract
The contribution of tourism to the economic growth of Pacific Island countries (PICs) has achieved significance in the past decade. The shift in the economic policies of the PICs from the late 1980s has been decisively away from import substitution and agriculture to urban-based manufacturing and services sectors. Tourism is the main component of the services sector in the PICs. The contribution of tourism to economic growth in Fiji, Tonga, the Solomon Islands and Papua New Guinea is expected to grow. The authors use panel data for the four PICs to test the long-run relationship between real GDP and real tourism exports. They find support for panel cointegration and the results suggest that a 1% increase in tourism exports increases GDP by 0.72% in the long run and by 0.24% in the short run.
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Citations
Cites
Co-integration and error correction: representation, estimation and testing
Engle, R. F., & Granger, C. W. J. (1987) · Econometrica · doi:10.2307/1913236 · Cited by 32,007
Testing for unit roots in heterogeneous panels
Im, K. S., Pesaran, M. H., & Shin, Y. (2003) · Journal of Econometrics · doi:10.1016/s0304-4076(03)00092-7 · Cited by 15,435
Critical Values for Cointegration Tests in Heterogeneous Panels with Multiple Regressors
Pedroni, P. (1999) · Oxford Bulletin of Economics and Statistics · doi:10.1111/1468-0084.61.s1.14 · Cited by 6,726
Cited by
Has the tourism-led growth hypothesis been validated? A literature review
Brida, J. G., Cortes-Jimenez, I., & Pulina, M. (2016) · Current Issues in Tourism · doi:10.1080/13683500.2013.868414 · Cited by 607
Paramati, S. R., Alam, M. S., & Chen, C.-F. (2017) · Journal of Travel Research · doi:10.1177/0047287516667848 · Cited by 478
Tourism and economic growth: A review of empirical literature
del P. Pablo-Romero, M., & Molina, J. A. (2013) · Tourism Management Perspectives · doi:10.1016/j.tmp.2013.05.006 · Cited by 349
Metadata
- Authors
- Narayan, P. K., Narayan, S., Prasad, A., & Prasad, B. C.
- Venue
- Tourism Economics
- Publisher
- SAGE Publications
- Published
- 2010-03
- Volume
- 16
- Issue
- 1
- Pages
- 169-183
- ISSN
- 1354-8166 (ISSN-L)
- 2044-0375
- OpenAlex
- W2014554663
- Cited by
- 250
- References
- 3
- FWCI
- 40.69
- Type
- journal article
- Language
- en
- Open access
- green
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- Narayan, P. K., Narayan, S., Prasad, A., & Prasad, B. C. (2010). Tourism and Economic Growth: A Panel Data Analysis for Pacific Island Countries. Tourism Economics. https://doi.org/10.5367/000000010790872006
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Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.
