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Tourism industry and its impact on economic growth of five GCC countries

  • HLM Group of Institutions
  • Al Yamamah University

Research output: Contribution to journalArticlepeer-review

9 Scopus citations

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 languageEnglish
JournalInternational Journal of Entrepreneurship
Volume25
Issue numberSpecial Issue 1
StatePublished - 2021

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

  1. SDG 8 - Decent Work and Economic Growth
    SDG 8 Decent Work and Economic Growth
  2. SDG 12 - Responsible Consumption and Production
    SDG 12 Responsible Consumption and Production

Keywords

  • Dumitrescu-hurlin
  • Economic growth
  • Tourism expenditure
  • Tourism growth

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