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Contribution of international tourism to economic growth of Kerala: a subnational-level analysis in India.
- Source :
- Journal of Policy Research in Tourism, Leisure & Events; Jul2022, Vol. 14 Issue 2, p165-182, 18p
- Publication Year :
- 2022
-
Abstract
- The study attempts to understand the contribution of international tourism on economic growth at a sub-national level (i.e. for Kerala) of the Indian economy. By exercising Johansen cointegration test and Vector Error Correction Model on the annual data from 1980 to 2017, it reveals the existence of a positive long-run association between tourism and economic growth. It finds that an increase of Foreign Tourist Arrivals (FTA) by 1% leads to almost a same percentage increase in Gross State Domestic Product (by 0.97%) in the long-run. Thus, it suggests that tourism has a significant potential of unleashing the economic growth of Kerala and this is found to be robust with the use of alternative econometric estimation methods. [ABSTRACT FROM AUTHOR]
- Subjects :
- INTERNATIONAL tourism
ECONOMIC expansion
GROSS domestic product
Subjects
Details
- Language :
- English
- ISSN :
- 19407963
- Volume :
- 14
- Issue :
- 2
- Database :
- Complementary Index
- Journal :
- Journal of Policy Research in Tourism, Leisure & Events
- Publication Type :
- Academic Journal
- Accession number :
- 158751720
- Full Text :
- https://doi.org/10.1080/19407963.2020.1854275