Economics, Econometrics and Finance
4 years ago

Tourism sector fails to boost economic growth in COMESA countries.

Journal of Economics and Sustainable Development
Long-Run and Short-Run Causality between Tourism sector and Economic growth: Evidence of VECM Analysis from COMESA countries
Dalhia Soanandrasana, Willy Laou, Man Cheong

Paper Summary

The study looked at the relationship between tourism and economic growth in eight COMESA countries from 2003 to 2017. Using a VECM analysis, it was found that there is no causal link between the tourism sector and GDP growth in both the short and long term. This suggests that the tourism sector does not currently impact economic growth in these countries, highlighting a potential issue that needs to be addressed by policymakers.

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