Economic Studies - Research Publications

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

Browse

Author: search.filters.author.Rout, Himanshu B.Has files: No

Search Results

Now showing 1 - 4 of 4
  • No Thumbnail Available
    Item
    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.
  • No Thumbnail Available
    Item
    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.
  • No Thumbnail Available
    Item
    International Tourism and Economic Growth: Empirical Evidence from BRICS Countries
    (Africa Journals, 2022-01-11T00:00:00) Mishra, P.K.; Rout, Himanshu B.; Sahoo, Debasis
    The aim of the study was to examine the tourism-growth nexus in the context of BRICS nations. For this purpose, the augmented neo-classical growth framework has been employed a panel data model approach over the sample period spanning from 1995 to 2019. The estimation was conducted using PMG based ARDL regression. The results lend support to the tourism-led growth hypothesis when the capital formation and human development exert a positive impact on the long-run real economic growth in BRICS economies. So, the policies meant for tourism sector development can contribute to long-run economic growth through an increase in the share of gross capital formation in the gross domestic product and with the help of improved human development. Therefore, the policy focus should be on infrastructure development, the promotion of investment opportunities, and the development of healthcare and education in BRICS countries. The use of a macroeconomic framework in the analysis is the novelty of this study. � 2021 AJHTL /Author(s). All Rights Reserved.
  • No Thumbnail Available
    Item
    Tourism, governance and economic growth in india
    (ASERS Publishing House, 2021-03-29T00:00:00) Mishra, P.K.; Rout, Himanshu B.; Chaini, S.R.
    This research work studied the relationship between tourism, governance quality and economic growth in India. It has been argued that the contribution of tourism sector expansion to the real economic growth significantly depends on the quality of governance that is prevalent in the country. The study empirically supports the existence of tourism-led growth hypothesis in Indian context while business confidence, economic freedom and regulatory quality have positive influences, and government effectiveness and corruption control have negative impacts on the economic growth over the sample period. Therefore, the study recommends for promoting polices which ensure business confidence, economic freedom and regulatory quality in the country. It is also suggested that the policies which ensure government effectiveness and control corruption be revisited, reframed, if required, and implemented more stringently along with the polices for effective monitoring and assessment. � 2021 by ASERS� Publishing. All rights reserved.