Analysis of the impact of tourism on the West Africa economy : a panel data approach
Part of : Tourismos : an international multidiciplinary journal of tourism ; Vol.3, No.2, 2008, pages 71-90
Issue:
Pages:
71-90
Section Title:
Research papers
Abstract:
Tourism and related recreation activities play a significant role in the generationof income / foreign exchange and provision of employment opportunities. Againstthis backdrop, this paper aims at ascertaining empirically the impact of tourismon the West African economy from 2000 – 2004. The relationship is analysedbased on a panel data approach. While the study estimates the relationshipbetween economic growth and growth in tourist arrivals conditional on main macroeconomic variables, it recommends that the role of tourism cannot be over emphasized in the sustainable economic development in West Africa. In otherwords, economic performance in West Africa can be enhanced through soundtourism development policies that support economic openness with greater emphasis on liberalization policy since the region stands to gain from this policystance.
Subject:
Subject (LC):
Keywords:
tourism, economic growth, panel data, West Africa
Notes:
Περιέχει πίνακες, βιβλιογραφία και παράρτημα
