This study tests for the existence and direction of causality between output growth and tourism expenditure using a … tourism expenditures, LTS and business travel and tourism expenditures, BTS) during the period 1988-2011 for India. For this … cointegration tests, VAR models with an error-correction term, impulse responses, variance decompositions and forecasts generated …

tourist, trade and economic growth. Although tourism is one of the major components in the trade of services, and it has been … certified by large number of literatures on the strong correlation between tourism industry and economic development, yet not … employs the cointegration tests under autoregressive distributed lag (ARDL) structure to investigate a dynamic inter …