An Empirical Investigation About Relationship Between International Trade And Tourist Arrival: Evidence From India
This study aims to examine the causal relationship between tourism arrivals and bilateral trade of India with Germany, Netherland, Switzerland, France, Italy, USA, UK and Canada for the period 1996 January to 2008 December. After examining the order of integration by using the Zivot and Andrews structural unit root test, we have used the Granger Causality test to examine the causal relationship between the study variables. The Granger Causality test results indicate two way causal relationships between the Trade and Tourism in case of USA, Italy and Canada.
Volume (Year): 2 (2012)
Issue (Month): 3 (September)
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- Sen, Amit, 2003. "On Unit-Root Tests When the Alternative Is a Trend-Break Stationary Process," Journal of Business & Economic Statistics, American Statistical Association, vol. 21(1), pages 174-84, January.
- Jacint Balaguer & Manuel Cantavella-Jordá, 2000.
"Tourism As A Long-Run Economic Growth Factor: The Spanish Case,"
Working Papers. Serie EC
2000-10, Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie).
- Jacint Balaguer & Manuel Cantavella-Jorda, 2002. "Tourism as a long-run economic growth factor: the Spanish case," Applied Economics, Taylor & Francis Journals, vol. 34(7), pages 877-884.
- Jordan Shan & Ken Wilson, 2001. "Causality between trade and tourism: empirical evidence from China," Applied Economics Letters, Taylor & Francis Journals, vol. 8(4), pages 279-283.
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