TY - JOUR
T1 - On the tourism-led growth hypothesis in the UAE
T2 - a bootstrap approach with leveraged adjustments
AU - Hatemi-J, Abdulnasser
N1 - Funding Information:
This article is funded by the UAE national research fund via the UPAR program of the UAE University.
Publisher Copyright:
© 2015 Taylor & Francis.
PY - 2016/4/12
Y1 - 2016/4/12
N2 - The emerging market of the UAE has chosen attracting international tourism as one of the main strategies during the recent decades in order to diversify its economy. The main goal has been to achieve sustainable growth without overreliance on the volatile oil sector. This article investigates the impact of tourism on economic performance in the UAE by using bootstrapped causality tests with leverage adjustments. The results show that the tourism-led growth hypothesis can be supported empirically. Thus, the conducted policy by the UAE government to promote international tourism for achieving economic growth might be considered as a sustainable strategy.
AB - The emerging market of the UAE has chosen attracting international tourism as one of the main strategies during the recent decades in order to diversify its economy. The main goal has been to achieve sustainable growth without overreliance on the volatile oil sector. This article investigates the impact of tourism on economic performance in the UAE by using bootstrapped causality tests with leverage adjustments. The results show that the tourism-led growth hypothesis can be supported empirically. Thus, the conducted policy by the UAE government to promote international tourism for achieving economic growth might be considered as a sustainable strategy.
KW - Tourism
KW - bootstrapping
KW - causality test
KW - economic growth
KW - the UAE
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U2 - 10.1080/13504851.2015.1078440
DO - 10.1080/13504851.2015.1078440
M3 - Article
AN - SCOPUS:84955191283
SN - 1350-4851
VL - 23
SP - 424
EP - 427
JO - Applied Economics Letters
JF - Applied Economics Letters
IS - 6
ER -