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The Role of Tourism Sector in Economic Growth: An Empirical Evidence From Palestine

Author

Listed:
  • Mosab I. Tabash

    (College of Business Administration, Al Ain University of Science and Technology, Al Ain, Abu Dhabi, United Arab Emirates.)

Abstract

This study examines the long-term relationship between economic growth and international tourism receipts (ITRs) in the state of Palestine during the period 1995-2014. To achieve the purpose of the study, gross domestic product (GDP) is used as proxy for economic growth while ITR is used as a proxy for tourism sector. The findings of the study showed that there is a unique long-term relationship between GDP and international tourism receipts. Furthermore, granger causality test affirms a causal relationship from ITR towards economic growth in the state of Palestine. This paper uses an empirical evidence to show the role of tourism sector in economic performance of a country where its economy is highly dependable on foreign aids and donations. So, Palestinian government should develop dynamic policies to promote tourism sector into the country. This in turn leads to generate employment opportunities, poverty alleviation and economic growth

Suggested Citation

  • Mosab I. Tabash, 2017. "The Role of Tourism Sector in Economic Growth: An Empirical Evidence From Palestine," International Journal of Economics and Financial Issues, Econjournals, vol. 7(2), pages 103-108.
    • Handle: RePEc:eco:journ1:2017-02-14
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    Citations

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    Cited by:

    1. Oladunjoye, Opeyemi Nathaniel & Areyemi, Victor Olaife, 2021. "Tourism, Globalization and Economic Growth in Nigeria," African Journal of Economic Review, African Journal of Economic Review, vol. 9(2), April.
    2. Sana Naseem, 2021. "The Role of Tourism in Economic Growth: Empirical Evidence from Saudi Arabia," Economies, MDPI, vol. 9(3), pages 1-12, August.
    3. Osinubi, Tolulope Temilola & Osinubi , Olufemi Bankole, 2020. "Inclusive Growth in Tourism-led Growth Hypothesis: Evidence from Nigeria," African Journal of Economic Review, African Journal of Economic Review, vol. 8(2), July.
    4. Hasan Murat Ertugrul & Fatih Mangir, 2015. "The tourism-led growth hypothesis: empirical evidence from Turkey," Current Issues in Tourism, Taylor & Francis Journals, vol. 18(7), pages 633-646, July.
    5. Uzma Khan, 2020. "Does Tourism Boost Economic Growth: Evidence from Italy," International Journal of Economics & Business Administration (IJEBA), International Journal of Economics & Business Administration (IJEBA), vol. 0(4), pages 214-222.
    6. Eda FENDOGLU & Esra CANPOLAT GOKCE, 2019. "Türkiye’nin Turizm Geliri Serisinin Durağanlığı: Fourier KPSS Durağanlık Test," EKOIST Journal of Econometrics and Statistics, Istanbul University, Faculty of Economics, vol. 31(0), pages 17-28, December.
    7. Olena STRYZHAK & Ramazan SAYAR & Yılmaz Onur ARI, 2022. "Geopolitical risks, GDP and tourism: an ARDL-ECM cointegration study on Ukraine," CES Working Papers, Centre for European Studies, Alexandru Ioan Cuza University, vol. 14(1), pages 85-113, May.

    More about this item

    Keywords

    Tourism; Palestine; Economic Growth; Co-integration; Causality;
    All these keywords.

    JEL classification:

    • C22 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes
    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
    • L83 - Industrial Organization - - Industry Studies: Services - - - Sports; Gambling; Restaurants; Recreation; Tourism

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