Abstract
Purpose: This paper's primary motive is to analyze the tourism-growth nexus for the five GCC countries. Approach: By incorporating panel and individual country-based study data for the period 2000–2018. All the concerned variables integrated into the first differenced form. Findings: Dumitrescu-Hurlin panel causality test reveals that no causality found among any factor tested with economic growth, although dual causation is present among tourism growth and tourism expenditure. Limitations: Our study is confined to a particular region as well, as it based on ordinary least square techniques does not implement the same for other regions of the World Originality: Our results are expected to guide policymakers to design appropriate policies that boost the tourism industry to promote sustainable tourism in GCC countries.
Original language | English |
---|---|
Journal | International Journal of Entrepreneurship |
Volume | 25 |
Issue number | Special Issue 1 |
State | Published - 2021 |
Keywords
- Dumitrescu-hurlin
- Economic growth
- Tourism expenditure
- Tourism growth