Economic Studies - Research Publications

Permanent URI for this collectionhttps://kr.cup.edu.in/handle/32116/141

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Author: search.filters.author.Chaini, S.R.Subject: search.filters.subject.international tourism

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    International Tourism, Financial Deepening and Economic Growth: Insights from Southern African Countries
    (ASERS Publishing House, 2023-06-24T00:00:00) Mishra, P.K.; Rout, Himanshu B.; Sahoo, Debasis; Kumar, Pradip; Chaini, S.R.
    The impact of tourism development on financial development via its effects on economic growth and country openness in Southern African countries for the period 1995 to 2019 was examined relying on pooled mean group-based estimation of panel ARDL regression, and the results lend supports to the tourism-led financial development hypothesis in these countries in the long-run. The findings infer that the development of the travel and tourism sector can spur financial development as the former by contributing to output, employment and income warrant an enhanced role of the financial sector. � 2023 The Author(s). Published by ASERS Publishing 2023.
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    Does Tourism Foster Economic Growth in BRICS Region? Empirical Evidence over 1995-2019
    (ASERS Publishing House, 2022-12-02T00:00:00) Mishra, P.K.; Sahoo, Debasis; Rout, Himanshu B.; Chaini, S.R.; Kumar, Pradip
    In the BRICS region, international tourism is considered a significant contributor to employment, forex earnings, and gross domestic product. In this context, this study examined the impact of tourism on the growth of BRICS economies by employing PMG based ARDL panel data analysis technique over an augmented neo-classical growth model during a period from 1995 to 2019. The results support a positive impact of international tourism on the growth of BRICS nations when their levels of human development are controlled in the long run. So, this study adds another feather to the extant empirical evidence of the tourism-led growth hypothesis in the BRICS region. Therefore, the policies of tourism sector development/expansion can supplement in achieving an elevated real economic growth in BRICS economies. � 2022 by ASERS� Publishing. All rights reserved.