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Fateh Habibi

Fateh Habibi

Academic rank: Associate Professor
ORCID:
Education: PhD.
ScopusId: 35111193200
Faculty: Faculty of Humanities and Social Sciences
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Research

Title
Tourism Developments and Its Effects on Economic Growth in Selected Countries
Type
JournalPaper
Keywords
Tourism Development, Economic Growth, Panel Causality
Year
2015
Journal American Journal of Economics, Finance and Management
DOI
Researchers Fateh Habibi

Abstract

This study investigates a long-run relationship and the Granger-causality among tourism development (TD) and economic growth in sample of 85 countries classified in four groups namely Europe, Africa, Asia and American countries for annual data from 2000 to 2013. The results demonstrate that tourism development and economic growth are cointegrated; on the other hand, a long run relationship can be inferred among these two variables in four groups. The results of panel Granger Causality test show the existence of bi-directional and unidirectional causality between tourism development and economic growth in Europe and Asia countries respectively. Also, there is no causal relationship between variables in Africa countries.