Acta Oeconomica
Volume/Issue:
Volume 72: Issue 4
Is tourism an accelerator of economic growth? Evidence from South Asian region
Authors:
Marina NazirDepartment of Management and Economics, Beijing Institute of Technology, China

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Minhas AkbarDepartment of Management Sciences, COMSATS University Islamabad, Sahiwal Campus, Pakistan

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https://orcid.org/0000-0002-6639-0553
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Irem BatoolDepartment of Economics and Statistics, University of Management and Technology, Lahore, Pakistan

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Ammar HussainDepartment of Management Sciences, Government College, University Faisalabad, Sahiwal Campus, Sahiwal, Pakistan

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Pages:
553–570
Online Publication Date:
12 Dec 2022
Publication Date:
12 Dec 2022
Article Category:
Research Article
DOI:
https://doi.org/10.1556/032.2022.00035
Keywords:
tourism; economic growth; panel cointegration; standard income determinants; South Asian region
Restricted access

Abstract

The present study aims to investigate the impact of tourism on the economic growth of the South Asian region. By employing panel data of six South Asian economies spanning from 1998 to 2017, our empirical investigation relies upon the panel cointegration and Fully Modified Ordinary Least Squares (FMOLS) techniques. Consistent with the “Tourism Led Growth Hypothesis”, the results prove a significant positive and long-run association between tourism and economic growth. The novelty of our study is the presentation of two models which confirm that tourism is an independent accelerator of economic growth, and it performs the same role even in the presence of standard income determinants. These findings are robust when we apply alternate statistical techniques, such as, dynamic ordinary least square method and Granger Causality Test. It implies that the South Asian economies should focus on the development of the tourism sector with permanent development in public infrastructures, like public transport, airports, road system and telecommunication to surge their economic growth.

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Cover Acta Oeconomica
Acta Oeconomica Periodical of the Hungarian Academy of Sciences
Print ISSN:
0001-6373
Online ISSN:
1588-2659
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2021  
Web of Science  
Total Cites
WoS		 285
Journal Impact Factor 0,939
Rank by Impact Factor Economics 326/379
Impact Factor
without
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5 Year
Impact Factor		 0,740
Journal Citation Indicator 0,34
Rank by Journal Citation Indicator Economics 389/570
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Scimago
H-index		 15
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Journal Rank		 0,285
Scimago Quartile Score Economics and Econometrics (Q3)
Scopus  
Scopus
Cite Score		 1,4
Scopus
CIte Score Rank		 Economics and Econometrics 436/696 (Q3)
Scopus
SNIP		 0,507

2020  
Total Cites 275
WoS
Journal
Impact Factor		 0,875
Rank by Economics 325/377 (Q4)
Impact Factor  
Impact Factor 0,534
without
Journal Self Cites
5 Year 0,500
Impact Factor
Journal  0,38
Citation Indicator  
Rank by Journal  Economics 347/549 (Q3)
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Citable 37
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Total 37
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Total 0
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Scimago 13
H-index
Scimago 0,292
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Scimago Economics and Econometrics Q3
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Scopus 225/166=1,4
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Scopus Economics and Econometrics 392/661 (Q3)
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Scopus 0,668
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Days from  447
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2019  
Total Cites
WoS		 212
Impact Factor 0,914
Impact Factor
without
Journal Self Cites		 0,728
5 Year
Impact Factor		 0,650
Immediacy
Index		 0,156
Citable
Items		 45
Total
Articles		 45
Total
Reviews		 0
Cited
Half-Life		 3,9
Citing
Half-Life		 9,5
Eigenfactor
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Article Influence
Score		 0,052
% Articles
in
Citable Items		 100,00
Normalized
Eigenfactor		 0,01891
Average
IF
Percentile		 28,437
Scimago
H-index		 12
Scimago
Journal Rank		 0,439
Scopus
Scite Score		 214/165=1,3
Scopus
Scite Score Rank		 Economics and Econometrics 355/637 (Q3)
Scopus
SNIP		 0,989

 

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Acta Oeconomica
Language English
Size B5
Year of
Foundation		 1966
Volumes
per Year		 1
Issues
per Year		 4
Founder Magyar Tudományos Akadémia
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ISSN 0001-6373 (Print)
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