Research note: A causality analysis of tourism as a long-run economic growth factor in Jamaica

Tourism Economics

Volumn 18, Issue 5, 2012, Pages 1125-1133

  Amaghionyeodiwe, Lloyd Ahamefule ^a  

^a Covenant University ^*  (Nigeria)

Author keywords

Economic growth; Jamaica; Tourism receipts

Indexed keywords

COINTEGRATION ANALYSIS; ECONOMIC GROWTH; ECONOMIC IMPACT; GROSS DOMESTIC PRODUCT; MODELING; TOURISM; TOURISM MANAGEMENT;

JAMAICA;

EID: 84867878255     PISSN: 13548166     EISSN: None     Source Type: Journal    
DOI: 10.5367/te.2012.0155     Document Type: Article

References (27)

1. Alleyne, D., (2003), Forecasting Tourist Arrivals: The Use of Seasonal Unit Root Pre-testing to Improve Forecasting Accuracy, University of the West Indies, Mona.
2. Balaguer, L., and Cantavella-Jorda, M. (2002), 'Tourism as a long-run economic growth factor: the Spanish case', Applied Economics, Vol 34, pp 877-884.
3. Bank of Jamaica Statistical Digest, 1994, 2003, 2005.
4. Bird, R. M. (1992), 'Taxing tourism in developing countries', World Development, Vol 20, No 8, pp 1145-1158.
5. Dickey, D. A., and Fuller, W. A. (1979), 'Distribution for the estimates for auto regressive time series with a unit root', Journal of the American Statistical Association, Vol 74, pp 427-31.
6. Dickey, D. A., and Fuller, W. A. (1981), 'Likelihood ratio statistics for autoregressive time series with a unit root', Econometrica, Vol 49, pp 1057-72.
7. Dillon, A. (2003), 'Forecasting tourist arrivals: the use of seasonal unit root pre-testing to improve forecasting accuracy', paper, University of the West Indies, Mona.
8. Dritsakis, N. (2004), 'Tourism as a long-run economic growth factor: an empirical investigation for Greece using causality analysis', Tourism Economics, Vol 10, pp 305-316.
9. Durbarry, R. (2004), 'Tourism and economic growth: the case of Mauritius', Tourism Economics, Vol 10, pp 389-401.
10. Engle, R. F., and Granger, C. W. J. (1987), 'Cointegration and error correction representation, estimation and testing', Econometrica, Vol 55, pp 251-76.
11. Gaines, N., and Karl, T. (2004), The Impact of Health Investment on Foreign Direct Investment and Tourism in the Caribbean, Department of Economics, University of the West Indies, St Augustine.
12. Hazari, B. R., and Sgro, P. M. (1995), 'Tourism and growth in a dynamic model of trade', Journal of International and Economic Development, Vol 4, pp 243-252.
13. Jamaica Tourist Board (1998), Tourism in Jamaica: An Economic Analysis of 1997, Jamaica Tourist Board Library, Kingston.
14. Johansen, S. (1991), 'Estimation and hypothesis testing of cointegration vectors in Gaussian vector autoregressive models', Econometrica, Vol 59, pp 1551-1580.
15. Johansen, S. (1995), Likelihood-based Inference in Cointegrated Vector Autoregressive Models, Oxford University Press, Oxford.
16. O'Neil, M. (2003), 'Tourism maturity and demand: Jamaica', Bank of Jamaica Working Paper, August.
17. Mackinnon, J., Haug, A., and Michelis, L. (1999), 'Numerical distribution functions of likelihood ratio tests for cointegration', Journal of Applied Econometrics, Vol 14, 563-577.
18. McCatty, M., and Serju, P. (2006), 'Tourism, economic growth and employment', Bank of Jamaica Working Paper, September.
19. McDavid, H. (2003), 'An input-output analysis of the Jamaican hospitality and tourism sector', Social & Economic Studies, Vol 52, No 1, pp 161-184.
20. Miller, S. M., and Russek, F. S. (1990), 'Co-integration and error correction models: the temporal causality between government taxes and spending', Southern Economic Journal, Vol 57, No 1, pp 221-229.
21. Phillips, P. C. B., and Perron, P. (1988), 'Testing for unit roots in time series regression', Biometrika, Vol 75, pp 335-346.
22. Sathiendrakumar, R., and Tisdell, C. A. (1987), 'Optimal economic fishery effort in the Maldivian tuna fishery: an appropriate model', Marine Resource Economics, Vol 4, No 1.
23. Savard, L. (2005), 'Impact analysis on tourism sector: the Jamaican and Trinidad and Tobago case studies: a computable general equilibrium analysis', background paper to the Sustainability Impact Assessment (SIA) of the EU-Africa-Caribbean-Pacific (ACP) Economic Partnership Agreements conducted for the European Commission (DG-Trade) under Framework Contract EC TRADE 02-F3-02, Specific Agreement No. 2 by a consortium lead by PricewaterhouseCoopers (PwC), March.
24. Singh, R. D., Birch, A., and McDavid, H. (2006), 'Impact of hospitality-tourism sector on the Jamaican economy, 1974-1993: an input-output approach', Social and Economic Review, Vol 55, No 3, pp 183-207.
25. Wickremasinghe G. B., and Ihalanayake, R. (2006), 'The causal relationship between tourism and economic growth in Sri Lanka: some empirical evidence', Victoria University School of Applied Economics Working Paper Series, WP2006.10, December.
26. World Trade Organization (1998), 'Tourism services' (http://www.wto.org/ english/tratop-e/serv-e/w51.doc, accessed 20 September 2012).
27. World Tourism Organization (2002), 'The economic impact of tourism in the islands of Asia and the Pacific', a report on the WTO International Conference on Tourism and Island Economies. Jeju City, Jeju Province, Republic of Korea, 13-15 June, 2001.