IDEAS home Printed from https://ideas.repec.org/a/ids/ijbglo/v21y2018i4p517-530.html
   My bibliography  Save this article

Tourism led economic growth in India: an application of vector error correction model

Author

Listed:
  • Tushinder Preet Kaur
  • Pooja Kansra

Abstract

Tourism promotes economic growth in a significant manner. The importance of tourism to economic growth has been widely recognised due to its contribution to employment, balance of payment, gross domestic product (GDP), etc. In the present paper an effort has been made to examine the link between the economic growth, investment and net exports from tourism sector by employing the technique of co-integration and VECM. The resulting co-integrating vectors indicate that there exists a long run relationship between GDP, investment in tourism sector, net exports from tourism and employment generation. Thus, it is one of the important factors affecting the economic growth in India with significant multiplier effect.

Suggested Citation

  • Tushinder Preet Kaur & Pooja Kansra, 2018. "Tourism led economic growth in India: an application of vector error correction model," International Journal of Business and Globalisation, Inderscience Enterprises Ltd, vol. 21(4), pages 517-530.
    • Handle: RePEc:ids:ijbglo:v:21:y:2018:i:4:p:517-530
    as

    Download full text from publisher

    File URL: http://www.inderscience.com/link.php?id=95771
    Download Restriction: Access to full text is restricted to subscribers.
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ids:ijbglo:v:21:y:2018:i:4:p:517-530. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sarah Parker (email available below). General contact details of provider: http://www.inderscience.com/browse/index.php?journalID=245 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.