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Tourism: An International Interdisciplinary Journal, Vol. 72 No. 2, 2024.

Short communication, Note

https://doi.org/10.37741/t.72.2.11

Is the Tourism-Led-Growth Hypothesis Valid in the Presence of Structural Breaks? Evidence from DKW’s Panel Structural Break Method

Isiaka Akande Raifu orcid id orcid.org/0000-0001-9677-8906 ; Research Associate,Centre for the Study of the Economies of Africa (CSEA), Mabushi, Federal Capital Territory, Abuja, Nigeria *

* Corresponding author.

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Abstract

This study revisited the tourism-led growth hypothesis (TLGH) in the presence of structural breaks using the structural break technique of Ditzen et al. (2021). To estimate the impact of tourism on economic growth along the identified structural breaks, we employed Fixed Effects and Feasible Generalised Least Squares methods. Findings showed four structural break dates (1999, 2004, 2009 and 2014), two of which coincided with the Global Financial Crisis (2008-2009) and the Ebola outbreak (2014). Despite the presence of structural breaks, the TLGH remains valid.

Keywords

tourism; economic growth; structural breaks

Hrčak ID:

315653

URI

https://hrcak.srce.hr/315653

Publication date:

12.4.2024.

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