Role of tourism in long term economic growth in Pakistan
Tourism activities are multi-pronged with mostly positive impact on any economy. This study attempts to investigate the role of tourism in the long run economic development in case of Pakistan. The tourism led growth hypothesis is confirmed through autoregressive distributed lag (ARDL) and vector...
| Main Authors: | , |
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| Format: | Conference or Workshop Item |
| Language: | English |
| Published: |
2008
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| Subjects: | |
| Online Access: | http://eprints.usm.my/34866/1/HBP16.pdf |
| _version_ | 1797009307330412544 |
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| author | Waliullah, Waliullah Kakar, Mehmood Khan |
| author_facet | Waliullah, Waliullah Kakar, Mehmood Khan |
| author_sort | Waliullah, Waliullah |
| collection | USM |
| description | Tourism activities are multi-pronged with mostly positive impact on any economy.
This study attempts to investigate the role of tourism in the long run economic development in
case of Pakistan. The tourism led growth hypothesis is confirmed through autoregressive
distributed lag (ARDL) and vector error correction model econometric framework using a time
series data for the years that span from 1975 to 2005. The study explores the potential
contribution of tourism to economic growth and development. The combination of results pointed
a stable long run relationship among tourism, exchange rate and economic expansion in the
Pakistan economy. The results show that receipts from the tourism industry significantly
contribute to the current level of gross domestic product and the economic growth of Pakistan
economy both in short run and long run. Our findings imply that Pakistan could enhance its shortrun
economic growth by strategically strengthening its tourism industries. |
| first_indexed | 2024-03-06T15:03:47Z |
| format | Conference or Workshop Item |
| id | usm.eprints-34866 |
| institution | Universiti Sains Malaysia |
| language | English |
| last_indexed | 2024-03-06T15:03:47Z |
| publishDate | 2008 |
| record_format | dspace |
| spelling | usm.eprints-348662017-06-02T08:09:00Z http://eprints.usm.my/34866/ Role of tourism in long term economic growth in Pakistan Waliullah, Waliullah Kakar, Mehmood Khan TH1-9745 Building construction Tourism activities are multi-pronged with mostly positive impact on any economy. This study attempts to investigate the role of tourism in the long run economic development in case of Pakistan. The tourism led growth hypothesis is confirmed through autoregressive distributed lag (ARDL) and vector error correction model econometric framework using a time series data for the years that span from 1975 to 2005. The study explores the potential contribution of tourism to economic growth and development. The combination of results pointed a stable long run relationship among tourism, exchange rate and economic expansion in the Pakistan economy. The results show that receipts from the tourism industry significantly contribute to the current level of gross domestic product and the economic growth of Pakistan economy both in short run and long run. Our findings imply that Pakistan could enhance its shortrun economic growth by strategically strengthening its tourism industries. 2008-12 Conference or Workshop Item PeerReviewed application/pdf en http://eprints.usm.my/34866/1/HBP16.pdf Waliullah, Waliullah and Kakar, Mehmood Khan (2008) Role of tourism in long term economic growth in Pakistan. In: 2nd International Conference on Built Environment in Developing Countries., 3rd- 4th December 2008, Universiti Sains Malaysia, Pulau Pinang. |
| spellingShingle | TH1-9745 Building construction Waliullah, Waliullah Kakar, Mehmood Khan Role of tourism in long term economic growth in Pakistan |
| title | Role of tourism in long term economic growth in Pakistan |
| title_full | Role of tourism in long term economic growth in Pakistan |
| title_fullStr | Role of tourism in long term economic growth in Pakistan |
| title_full_unstemmed | Role of tourism in long term economic growth in Pakistan |
| title_short | Role of tourism in long term economic growth in Pakistan |
| title_sort | role of tourism in long term economic growth in pakistan |
| topic | TH1-9745 Building construction |
| url | http://eprints.usm.my/34866/1/HBP16.pdf |
| work_keys_str_mv | AT waliullahwaliullah roleoftourisminlongtermeconomicgrowthinpakistan AT kakarmehmoodkhan roleoftourisminlongtermeconomicgrowthinpakistan |