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학술연구/단체지원/교육 등 연구자 활동을 지속하도록 DBpia가 지원하고 있어요.
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논문 기본 정보
- 자료유형
- 학술저널
- 저자정보
- 발행연도
- 2016.1
- 수록면
- 158 - 169 (12page)
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This study attempts to explore the dynamic causal and inter-relationships among tourism, economic growth and energy consumption in India. This study covers the annual data from 1971 to 2012. This study applies the cointegration and generalised variance decomposition methods to verify the relationship. The bounds testing approach to cointegration and the Gregory–Hansen test for cointegration with structural break consistently reveal that energy consumption, tourism and economic growth in India are cointegrated. We find that tourism and economic growth strongly affects energy consumption in the long-run. Additionally, we also find that tourism and economic growth in India are inter-related, but the causal effect of tourism on economic growth is stronger than the other way around in both the short- and long-run. Therefore, this study concludes that the tourism-led growth hypothesis is valid but the energy-led growth hypothesis is invalid in India. With such findings, we can confirm that tourism is an important catalyst of growth to the Indian economy. Therefore, policy-makers should promote and expand tourism industry in order to sustain the process of economic growth and development in India.
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참고문헌 (71)
참고문헌 신청
Alam, M. J. / 2011 / Dynamic modeling of causal relationship between energy consumption, CO₂emissions and economic growth in India / Renewable and Sustainable Energy Reviews 15:3243~3251
Al-mulali, U. / 2014 / Estimating the tourism-led growth hypothesis : A case study of the Middle East countries / Anatolia 25:290~298
Apergis, N. / 2009 / Energy consumption and economic growth in Central America : Evidence from a panel cointegration and error-correction model / Energy Economics 31:211~216
Apergis, N. / 2013 / Is the energy-led growth hypothesis valid? New evidence from a sample of 85countries / Energy Economics 38:24~31
Balaguer, J. / 2002 / Tourism as a longrun economic growth factor : The Spanish case / Applied Economics 34:877~884
Al-mulali, U. / 2014 / Estimating the tourism-led growth hypothesis : A case study of the Middle East countries / Anatolia 25:290~298
Apergis, N. / 2009 / Energy consumption and economic growth in Central America : Evidence from a panel cointegration and error-correction model / Energy Economics 31:211~216
Apergis, N. / 2013 / Is the energy-led growth hypothesis valid? New evidence from a sample of 85countries / Energy Economics 38:24~31
Balaguer, J. / 2002 / Tourism as a longrun economic growth factor : The Spanish case / Applied Economics 34:877~884
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