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Scirj Volume VII, Issue IV, April 2019 Edition ISSN: 2201-2796 Modelling Tourism and Economic Growth Nexus in Africa: A Symmetric Panel ARDL Approach Yunana Ishemu Zumba, Funmilayo Gift Adeshola, Oguama Sarah Chiagoziem, Magai Abe Abstract: We model the nexus between tourism and economic growth in Africa using annual data that runs from 1995-2016 for 48 African countries. We approach the study in two ways – all the selected African countries and each of the five regions of the continent distinctly. Symmetric panel Autoregressive Distributed Lag (ARDL) and Granger non-causality test were utilized for the study. Our empirical evidence affirms that tourism is indispensable for growth in Africa, Eastern, Northern, Southern and Western Africa in the long run. In the short run, tourism contributes insignificantly to growth in Central, Northern, Southern and Western Africa but insignificantly reduces growth in Africa and Eastern Africa. We observe an evidence of bidirectional causality between tourism and economic growth in Africa, Central, Eastern and Northern Africa, a unidirectional causality from growth to tourism in West Africa and from tourism to growth in Northern Africa. We therefore conclude that tourism drives economic growth in Africa. Reference this Paper: Modelling Tourism and Economic Growth Nexus in Africa: A Symmetric Panel ARDL Approach by Yunana Ishemu Zumba, Funmilayo Gift Adeshola, Oguama Sarah Chiagoziem, Magai Abe published at: "Scientific Research Journal (Scirj), Volume VII, Issue IV, April 2019 Edition, Page 139 - 153 ". Search Terms: Africa, Economic Growth, Granger Non-Causality, Symmetric Panel ARDL, Tourism [Read Research Paper] [Full Screen] |
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