Tourism and economic wellbeing in Africa

Show simple item record Ebo, H. Ogechi, A. Olaniyi, E. 2019-12-13T16:29:48Z 2019-12-13T16:29:48Z 2019-04-25
dc.identifier.citation Adeola, Ogechi & Evans, Olaniyi & Hilson, Ebo, 2018. "Tourism and economic wellbeing in Africa," MPRA Paper 93685, University Library of Munich, Germany en_US
dc.identifier.isbn 978-042976773-9
dc.description Research Article en_US
dc.description.abstract The importance of tourism as a driver of economic growth and development in countries is well explored in the literature. In this chapter, we extend this line of research by incorporating the concept of economic wellbeing to tourism research in Africa. The chapter explores the effect of tourism on economic wellbeing for 44 African countries for the period 1995-2015 using fully modified least square method. The empirical evidence shows there is a strong, positive and statistically significant relationship between tourism and economic wellbeing, indicating that increased tourism is associated with increased economic wellbeing. The evidence also indicates bi-directional causal linkages between tourism and economic wellbeing in the short and long run, implying that tourism leads to economic wellbeing while economic wellbeing also leads to the expansion of tourist activities both in the short and long run. The chapter therefore contributes to a deeper understanding of tourism as an important factor for the economic wellbeing of destination countries. en_US
dc.language.iso en en_US
dc.publisher Positive Tourism in Africa en_US
dc.relation.ispartofseries 147;160
dc.subject Tourism en_US
dc.subject economic growth en_US
dc.subject development en_US
dc.subject Africa en_US
dc.title Tourism and economic wellbeing in Africa en_US
dc.type Book en_US

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