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Does tourism affect economic growth in Indian states? Evidence from panel ARDL model
- Source :
- Theoretical and Applied Economics, Vol XXIII, Iss 1, Pp 183-194 (2016)
- Publication Year :
- 2016
- Publisher :
- General Association of Economists from Romania, 2016.
-
Abstract
- We investigate the relationship between tourism and economic growth in 23 Indian States from 1997 to 2011. Using panel autoregressive distributed lag model based on three alternative estimators such as mean group estimator (MG), pooled mean group (PMG) and dynamic fixed effects (DFE), we found that there is a significant relationship between tourism and economic growth in the long-run but not in short-run in India.
Details
- Language :
- English
- ISSN :
- 18418678 and 18440029
- Volume :
- XXIII
- Issue :
- 1
- Database :
- Directory of Open Access Journals
- Journal :
- Theoretical and Applied Economics
- Publication Type :
- Academic Journal
- Accession number :
- edsdoj.182843e274504fb9b437c3693e97611f
- Document Type :
- article