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Tourism and Economic Growth in Jordan: Evidence from Linear and Nonlinear Frameworks

Listed author(s):
  • Buthaina M. A. Muhtaseb

    (Business Economics Department, Business School, The University of Jordan, Jordan,)

  • Hussam-Eldin Daoud

    (Economics, Business and Finance Department, Economic and Business Administration college, Mutah University, Jordan.)

Registered author(s):

    This study investigates cointegration and causal effects between tourism and economic growth (EG) in Jordan. We use quarterly data from 1998Q1 to 2015Q4 on real gross domestic product and real international tourism receipts. Two empirical approaches are employed; Engle and Granger (1987) linear cointegration framework, and the nonlinear framework of Enders and Siklos (2001) cointegration test, in addition to Diks and Panchenko (2006) causality test. Empirical findings reveal the presence of a positive long-run relationship between tourism and EG. According to the linear approach there is a unidirectional causality from tourism to growth, thus, supporting the tourism-led growth hypothesis. Whereas, the nonlinear method, which seems to give more appropriate results, suggests a bidirectional causality, hence, confirming the feedback hypothesis that EG and tourism reinforce each other.

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    Article provided by Econjournals in its journal International Journal of Economics and Financial Issues.

    Volume (Year): 7 (2017)
    Issue (Month): 1 ()
    Pages: 214-223

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    Handle: RePEc:eco:journ1:2017-01-28
    Contact details of provider: Web page: http://www.econjournals.com

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    1. Abdulkarim K. Alhowaish, 2016. "Is Tourism Development a Sustainable Economic Growth Strategy in the Long Run? Evidence from GCC Countries," Sustainability, MDPI, Open Access Journal, vol. 8(7), pages 1-10, June.
    2. Adamos Adamou & Sofronis Clerides, 2010. "Prospects and Limits of Tourism-Led Growth: The International Evidence," Review of Economic Analysis, Rimini Centre for Economic Analysis, vol. 2(3), pages 287-303, September.
    3. Mehmet Balcilar & ReneƩ van Eyden & Roula Inglesi-Lotz & Rangan Gupta, 2014. "Time-varying linkages between tourism receipts and economic growth in South Africa," Applied Economics, Taylor & Francis Journals, vol. 46(36), pages 4381-4398, December.
    4. Bekiros, Stelios D. & Diks, Cees G.H., 2008. "The relationship between crude oil spot and futures prices: Cointegration, linear and nonlinear causality," Energy Economics, Elsevier, vol. 30(5), pages 2673-2685, September.
    5. Bouzahzah, Mohamed & El Menyari, Younesse, 2013. "The relationship between international tourism and economic growth: the case of Morocco and Tunisia," MPRA Paper 44102, University Library of Munich, Germany.
    6. Adamos Adamou & Sofronis Clerides, 2009. "Tourism, Development and Growth: International Evidence and Lessons for Cyprus," Cyprus Economic Policy Review, University of Cyprus, Economics Research Centre, vol. 3(2), pages 3-22, December.
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