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 …

expansion of tourism. Cointegration techniques and the multivariate Granger causality test are applied. Results reveal that …Nowadays many developing countries focus on economic policies for promoting international tourism and exports expansion … and economic growth is still ongoing. When treating the relationship between tourism and economic growth, considering …

of comparable VAR that fails to recognize that the system is characterized by cointegration. I use Monte Carlo simulation … knowledge of cointegration rank. Furthermore the results indicate that a cointegration modeling of credit risk should be favored …

of comparable VAR that fails to recognize that the system is characterized by cointegration. I use Monte Carlo simulation … knowledge of cointegration rank. Furthermore the results indicate that a cointegration modeling of credit risk should be favored …

transitory effect on US trade in tourism. All conclude in favor of the latter. However, limitations in either the data and … strong evidence that, once other factors are held constant, real US exports and imports of tourism have both remained …