Does tourism cause growth asymmetrically in a panel of G-7 countries? A short note

Abdulnasser Hatemi-J; Rangan Gupta; Axel Kasongo; Thabo Mboweni; Ndivhuho Netshitenzhe

doi:10.1007/s10663-016-9345-3

Does tourism cause growth asymmetrically in a panel of G-7 countries? A short note

Abdulnasser Hatemi-J
, Rangan Gupta
, Axel Kasongo
, Thabo Mboweni
, Ndivhuho Netshitenzhe

Research output: Contribution to journal › Article › peer-review

23 Citations (Scopus)

Abstract

We analyse whether tourism (measured by real tourism receipts) causes growth in an asymmetric fashion in a panel of G-7 countries over the period of 1995–2014. Our results reveal that the tourism-led growth hypothesis holds for France, Germany, and the US, with negative tourism shocks being more important for Germany, Italy, Japan, while positive shocks are more important in UK and the US. Our results imply that, policy makers in Germany, Italy and Japan should be more concerned when tourism receipts decline.

Original language	English
Pages (from-to)	49-57
Number of pages	9
Journal	Empirica
Volume	45
Issue number	1
DOIs	https://doi.org/10.1007/s10663-016-9345-3
Publication status	Published - Feb 1 2018

Keywords

Asymmetric panel causality test
Economic growth
Tourism receipts

ASJC Scopus subject areas

Economics and Econometrics

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10.1007/s10663-016-9345-3

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abstract = "We analyse whether tourism (measured by real tourism receipts) causes growth in an asymmetric fashion in a panel of G-7 countries over the period of 1995–2014. Our results reveal that the tourism-led growth hypothesis holds for France, Germany, and the US, with negative tourism shocks being more important for Germany, Italy, Japan, while positive shocks are more important in UK and the US. Our results imply that, policy makers in Germany, Italy and Japan should be more concerned when tourism receipts decline.",

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AU - Hatemi-J, Abdulnasser

AU - Gupta, Rangan

AU - Kasongo, Axel

AU - Mboweni, Thabo

AU - Netshitenzhe, Ndivhuho

PY - 2018/2/1

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N2 - We analyse whether tourism (measured by real tourism receipts) causes growth in an asymmetric fashion in a panel of G-7 countries over the period of 1995–2014. Our results reveal that the tourism-led growth hypothesis holds for France, Germany, and the US, with negative tourism shocks being more important for Germany, Italy, Japan, while positive shocks are more important in UK and the US. Our results imply that, policy makers in Germany, Italy and Japan should be more concerned when tourism receipts decline.

AB - We analyse whether tourism (measured by real tourism receipts) causes growth in an asymmetric fashion in a panel of G-7 countries over the period of 1995–2014. Our results reveal that the tourism-led growth hypothesis holds for France, Germany, and the US, with negative tourism shocks being more important for Germany, Italy, Japan, while positive shocks are more important in UK and the US. Our results imply that, policy makers in Germany, Italy and Japan should be more concerned when tourism receipts decline.

KW - Asymmetric panel causality test

KW - Economic growth

KW - Tourism receipts

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Does tourism cause growth asymmetrically in a panel of G-7 countries? A short note

Abstract

Keywords

ASJC Scopus subject areas

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