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Small sample evidence on the tourism-led growth hypothesis in Lebanon

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  • Chor Foon Tang
  • Salah Abosedra

Abstract

This paper investigates the contribution of tourism to economic growth in Lebanon for the time period of 1995–2010. The presence of long-run and causal relationships is investigated applying the bounds testing approach to cointegration and Granger causality tests. Because of the small sample (T = 16), econometric approaches and critical values used for testing receive special attention. Additionally, a number of diagnostic tests are utilised to ensure that the model is suitable and correct. Interestingly, our results reveal that tourism and economic growth are cointegrated. The Granger causality test indicates that the tourism-led growth hypothesis is valid for Lebanon. Therefore, policy initiatives promoting tourism ought to be further developed and implemented to stimulate economic growth and development for the economy of Lebanon.

Suggested Citation

  • Chor Foon Tang & Salah Abosedra, 2014. "Small sample evidence on the tourism-led growth hypothesis in Lebanon," Current Issues in Tourism, Taylor & Francis Journals, vol. 17(3), pages 234-246, March.
    • Handle: RePEc:taf:rcitxx:v:17:y:2014:i:3:p:234-246
    DOI: 10.1080/13683500.2012.732044
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    Cited by:

    1. Kun Wang & Xiangtai Chen & Zhenxian Lei & Songxin Zhao & Xiao Zhou, 2023. "The Effects of Tourism Development on Eco-Environment Resilience and Its Spatio-Temporal Heterogeneity in the Yangtze River Economic Belt, China," Sustainability, MDPI, vol. 15(22), pages 1-19, November.
    2. Mona Rabea Abd Elfattah Elsayed, 2023. "The Impact of Climate Change on International Tourism: Evidence from Egypt," International Journal of Energy Economics and Policy, Econjournals, vol. 13(2), pages 379-390, March.
    3. Jun Zhang, 2023. "Spatial effects of tourism development on economic resilience: an empirical study of Wenchuan earthquake based on dynamic spatial Durbin model," Natural Hazards: Journal of the International Society for the Prevention and Mitigation of Natural Hazards, Springer;International Society for the Prevention and Mitigation of Natural Hazards, vol. 115(1), pages 309-329, January.

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