The relationship between international tourism and economic growth: the case of Morocco and Tunisia
AbstractThis study proposes to examine the impact of tourism activity on the economic growth of Morocco and Tunisia. We contribute here to the empirical literature on the tourism-led growth (TLG) hypothesis, by adopting the error correction model framework, the cointegration and Granger Causality tests between real tourism receipts, real effective exchange rate and economic growth in Morocco and Tunisia, for the annual period 1980-2010; two main results emerge from this analysis. First, contrary to the predictions of the TLG hypothesis, the Granger test results show that this hypothesis is only valid for short-term in the two countries of Maghreb. Second, the results show that in the long term, there is a strong unidirectional causality from economic growth to international tourism receipts.
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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 44102.
Date of creation: Jan 2013
Date of revision:
TLG hypothesis; tourism receipts; economic growth; cointegration; Granger causality; Morocco and Tunisia;
Find related papers by JEL classification:
- C32 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes
- O57 - Economic Development, Technological Change, and Growth - - Economywide Country Studies - - - Comparative Studies of Countries
- L83 - Industrial Organization - - Industry Studies: Services - - - Sports; Gambling; Restaurants; Recreation; Tourism
- E01 - Macroeconomics and Monetary Economics - - General - - - Measurement and Data on National Income and Product Accounts and Wealth; Environmental Accounts
- F43 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Economic Growth of Open Economies
This paper has been announced in the following NEP Reports:
- NEP-ALL-2013-02-08 (All new papers)
- NEP-ARA-2013-02-08 (MENA - Middle East & North Africa)
- NEP-CSE-2013-02-08 (Economics of Strategic Management)
- NEP-FDG-2013-02-08 (Financial Development & Growth)
- NEP-INT-2013-02-08 (International Trade)
- NEP-TUR-2013-02-08 (Tourism Economics)
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