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Does tourism affect economic growth in Indian states? Evidence from panel ARDL model

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  • Lingaraj MALLICK

    (Maulana Azad National Urdu University, Hyderabad, India)

  • Ummalla MALLESH

    (School of Economics, University of Hyderabad, India)

  • Jaganath BEHERA

    (School of Economics, University of Hyderabad, India)

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.

Suggested Citation

  • Lingaraj MALLICK & Ummalla MALLESH & Jaganath BEHERA, 2016. "Does tourism affect economic growth in Indian states? Evidence from panel ARDL model," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania / Editura Economica, vol. 0(1(606), S), pages 183-194, Spring.
    • Handle: RePEc:agr:journl:v:xxiii:y:2016:i:1(606):p:183-194
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    2. Destek, Mehmet Akif & Aydın, Sercan, 2021. "An Empirical Note on Tourism and Sustainable Development Nexus," MPRA Paper 114219, University Library of Munich, Germany.
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