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Is Tourism a Sustainable Haven for Economic Growth in North African Countries? An Evidence From Panel Analysis

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  • Azeez, Rasheed Oluwaseyi

Abstract

Efforts have been made by scholars to analyse the ability of tourism to promote sustainable development. This study therefore adds its voice to the already existing studies by evaluating the relationship between economic growth (GDP) and tourism receipts in North African countries between the years 1995-2016. For robustness, the study includes merchandise exports, inflation and dummy variable which captures the Arab spring of 2011. The study adopts the Pooled Mean Group (PMG) estimate to anlayse this relationship. It shows that tourism has the capacity to drive economic growth both in the short run with a coefficient of (6%) and in the long run with a coefficient of (29%), hence, the study joins the tourism led growth school of thought.

Suggested Citation

  • Azeez, Rasheed Oluwaseyi, 2019. "Is Tourism a Sustainable Haven for Economic Growth in North African Countries? An Evidence From Panel Analysis," MPRA Paper 93449, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:93449
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    References listed on IDEAS

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    Cited by:

    1. Mary Kehinde Salawu, 2020. "Tourism and Economic Growth in African Largest Economy," Eurasian Journal of Economics and Finance, Eurasian Publications, vol. 8(2), pages 68-84.
    2. Osinubi Tolulope T. & Ajayi Adedoyin O. & Olaniyi Clement O. & Osinubi Olufemi B., 2021. "A New Intuition into Tourism-Inclusive Growth Nexus in Turkey and Nigeria (1995 – 2018)," Economics, Sciendo, vol. 9(1), pages 221-241, June.

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    More about this item

    Keywords

    Merchandise Export; Inflation; Gross Domestic Product; Dummy Variable and Pooled Mean Group;
    All these keywords.

    JEL classification:

    • C23 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Models with Panel Data; Spatio-temporal Models
    • Z0 - Other Special Topics - - General

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