Tourism and Economic Growth: The Case of Singapore
EERS. Estudios económicos regionales y sectorialesPublished 1 January 2008
Chew Ging Lee
Citations42
SJR quartileQ4
SJR score0.14
SNIP0.37
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Abstract
This paper investigates the long-run and the short-run dynamics between tourism and economic growth in Singapore. Using the bounds test developed by Pesaran et al. (2001), cointegrating relationship between tourism and economic growth is not found. The standard Granger causality test reveals that there is a unidirectional Granger causality from economic growth to tourism. This study provides evidence to support growth-led tourism hypothesis.
Keywords
Social SciencesEconomics, Econometrics and FinanceBusiness, Management and Accounting
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