Nexus between Tourism and Economic Growth: Empirical Evidence from Odisha, India,
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Date
2016
Journal Title
Journal ISSN
Volume Title
Publisher
Serial Publications Pvt.Ltd.
Abstract
In view of the importance of tourism as an instrument for economic growth and employment generation, this paper is an effort to examine the nexus between tourism and economic growth in Odisha during 1990-91 and 2013-14; specifically the aim is to examine the tourism-led growth hypothesis at the state level. The study provides the empirical evidence of the existence of long-run equilibrium relationship between tourism and economic growth in the State. Precisely, it provides the evidence of stable, significant and positive response of tourism to economic growth. This finding is important from policy perspective. The State government is required to priority to the promotion of tourism so as to lead a stable and inclusive growth of Odisha.
Description
Keywords
Tourism, Economic Growth, Odisha, Cointegration, FMOLS
Citation
Nexus between Tourism and Economic Growth: Empirical Evidence from Odisha, India,