Paper Information

Journal:   TOURISM MANAGEMENT STUDIES (TOURISM STUDIES)   SPRING-SUMMER 2011 , Volume 7 , Number 15; Page(s) 179 To 208.
 
Paper: 

THE EFFECT OF TOURISM INDUSTRY ON ECONOMIC GROWTH OF D8 ISLAMIC COUNTRIES

 
 
Author(s):  SALAMI SODERJANI EHSAN, MAHMOUDINIA DAVOUD*, ZAREEI NAMIN ALI
 
* DEPARTMENT OF ECONOMICS, UNIVERSITY OF ISFAHAN, IRAN
 
Abstract: 

Given the importance of tourism industries and the revenues that can be imported to developing countries, in this current study, we have investigated the effect of tourism revenue on economic growth of D8 Islamic countries. For this purpose, we use panel data method with fixed and random effects estimator, during 1995-2006. The results show that the revenues from tourism have the positive and significant effect on economic growth of these countries. Also the effect of other variables, such as labor force, share of export to GDP, human capital and gross fixed capital formation on economic growth are positive and statistically significant. Hence we suggested that D8 countries increase investment in tourism industries and provide facilities to attract tourism.

 
Keyword(s): ECONOMIC GROWTH, TOURISM REVENUE, D8 ISLAMIC COUNTRIES, PANEL DATA METHOD
 
References: 
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