Economic Impact of Tourism Finance in Nepal
This paper investigates the effects of tourism industry on gross domestic product (GDP) and finds a significant positive relationship between tourism financing and GDP. Moreover, the role of various sources of tourism financing, including government financing and the loan financing of banks and financial institutions, on economic growth has also been examined and the result supports the conventional wisdom that there is significant positive relationship between the variables. This paper uses primary data collected from the field survey during February - April 2006 and the secondary data utilizing 30 annual observations from FY 1974/75 to 2004/05. Both the level and logarithmic form data are examined using the OLS estimation method and the Cochrane-Orcutt (C-O) iterative procedure is applied consid ering the robustness of the model.
Volume (Year): 20 (2008)
Issue (Month): (April)
|Contact details of provider:|| Web page: http://www.nrb.org.np/ecorev/|
More information through EDIRC
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Silber, William L, 1969. "Monetary Channels and the Relative Importance of Money Supply and Bank Portfolios," Journal of Finance, American Finance Association, vol. 24(1), pages 81-87, March.
- Tisdell, Clem & Wen, Jie, 1991. "Investment in China's tourism industry: Its scale, nature, and policy issues," China Economic Review, Elsevier, vol. 2(2), pages 175-193.
When requesting a correction, please mention this item's handle: RePEc:nrb:journl:v:20:y:2008:p:62-73. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Dr. Bishnu Prasad Gautam)
If references are entirely missing, you can add them using this form.