Is Tourism a Catalyst of Growth in Egypt ? Evidence from Granger non-causality and the Generalised variance decomposition analysis. 6
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Contributor(s): Anatolia. 28 (2) : June 2017. pp.173-181 5 6 [] |
Language: Unknown language code Summary language: Unknown language code Original language: Unknown language code Series: ; 46Edition: Description: Content type: text Media type: unmediated Carrier type: volumeISBN: ISSN: 2Other title: 6 []Uniform titles: | | Subject(s): -- 2 -- 0 -- -- | -- 2 -- 0 -- 6 -- | 2 0 -- | -- -- 20 -- | | -- -- Tourism - Led Growth -- Economic Growth. -- -- | -- -- -- 20 -- --Genre/Form: -- 2 -- Additional physical formats: DDC classification: | LOC classification: | | 2Other classification:| Item type | Current location | Home library | Collection | Call number | Status | Date due | Barcode | Item holds |
|---|---|---|---|---|---|---|---|---|
| Book | PLM | PLM Periodicals Section | Periodicals | G155.A1.A53.2017 (Browse shelf) | Available | PER 1837C |
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ABSTRACT : This study attempts to analyze the role of tourism in economic growth in Egypt over the period of 1982-2011. Our empirical results reveal that economic growth, tourism and capital stock are cointegrated. The results of TYDL casuality tests indicate that tourism, and capital stock are cointegrated. The results of TYDL casuality tests indicate that tourism and economic growth is bi-directional casuality. Furthermore , we find thatmtourism explained most of the variation in economic growth , especially in the long run.Therefore, we conclude that the tourism -led growth hypothesis is valid and tourism expansion would effectively stimulate long-term economic growth in Egypt . As a policy implication , Egypt should improve its economic growth performance by strategically improving the contribution of the tourism industry. 56
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