The relationship between tourism, financial development and economic growth in India

By Ramphul Ohlan. 2017

236 citations recorded by the source corpus.

Abstract This study investigates relationship between tourism and economic growth in India by considering the relative importance of financial development over the period of 1960–2014. The results of newly-developed Bayer and Hanck combined test indicate that tourism, economic growth and financial development are cointegrated. It is shown that the inbound tourism spurs economic growth in India both in long-run and short-run. In addition, the analysis indicates the presence of a long-run one-way Granger-causation running from tourism to economic growth. It is suggested that policies for attracting more international tourists should be promoted.

Subfields: Economics and Econometrics, Sociology and Political Science, Transportation

View Paper: https://www.semanticscholar.org/paper/cad8c53afed0f76d14bb28de943e91464dfaa362

How researchers see this paper

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In Economics and Econometrics

1. Sughra Bibi
2. Jiaying Lyu
3. A. Lorenzo
4. Zaheer Babar
5. Asif Khan

In Sociology and Political Science

1. Sughra Bibi
2. Jiaying Lyu
3. A. Lorenzo
4. Zaheer Babar
5. Asif Khan

In Transportation

1. Sughra Bibi
2. Jiaying Lyu
3. Asif Khan

Citations in the corpus

• Tourism and Development in Developing Economies: A Policy Implication Perspective (2020, background): “  Our  results  replicate  the  findings  of  Kadir  and  Karim  [3],  Ohlan  [21],  and  Al‐mulali,  Fereidouni  [22]  on  developing  economies.”