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The Impact of Tourism Development and Economic Growth on Poverty Reduction in Kazakhstan

Author

Listed:
  • Shah Imtiyaz Ahmad

    (Faculty of Economics, Cluster University Srinagar, Jammu and Kashmir 190008)

  • Haq Imtiyaz ul

    (Faculty of Economics, University of Kashmir, Hazartbal Srinagar 190006)

Abstract

The paper examines the long-run relationship between poverty reduction, economic growth, and tourism development in Kazakhstan during the period of 2001–2017. We expand the basic model by including other poverty determinants such as inequality, unemployment, and spending on health. We use the Autoregressive Distributed Lag (ARDL) approach to test the co-integration of variables, as the ARDL bound test of co-integration is less restrictive and provides more reliable coefficients than other time series econometric models. The ARDL bound test results show that there exists a long-run relationship between the said variables. The coefficients of all variables have the expected signs in the long run.

Suggested Citation

  • Shah Imtiyaz Ahmad & Haq Imtiyaz ul, 2022. "The Impact of Tourism Development and Economic Growth on Poverty Reduction in Kazakhstan," Acta Universitatis Sapientiae, Economics and Business, Sciendo, vol. 10(1), pages 77-90, September.
    • Handle: RePEc:vrs:auseab:v:10:y:2022:i:1:p:77-90:n:7
    DOI: 10.2478/auseb-2022-0005
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    References listed on IDEAS

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    More about this item

    Keywords

    growth; tourism; poverty; ARDL; Kazakhstan;
    All these keywords.

    JEL classification:

    • F2 - International Economics - - International Factor Movements and International Business
    • F29 - International Economics - - International Factor Movements and International Business - - - Other
    • F43 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Economic Growth of Open Economies

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