Long run analysis of tourism and economic growth in Nigeria

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dc.contributor.authorIghodaro, C.A.
dc.contributor.authorAdegboye, A.C.
dc.date.accessioned2022-01-17T15:27:22Z
dc.date.available2022-01-17T15:27:22Z
dc.date.issued2021
dc.descriptionScholarly articlesen_US
dc.description.abstractIn this paper, the impact of tourism on economic growth in Nigeria is examined using a dynamic framework and data covering the 1983–2017 period. Tourism impacts are measured in terms of capital investment in the sector and contribution to total export revenues, while growth is considered in terms of growth in GDP per capita, services sector growth and aggregate employment. Using the autoregressive distributed lags (ARDL) approach to cointegration analysis, the study finds a unidirectional long run relationship running from tourism to economic growth in Nigeria. Moreover, it is found that the direct effect of tourism on growth is weak, rather a strong channeled impact of tourism sector development on economic growth in Nigeria is established. In the long run, tourism promotes services sector expansion and contributes significantly to overall employment growth in Nigeriaen_US
dc.identifier.citationIghodaro, C.A.U. & Adegboye, A.C. (2020). Long run analysis of tourism and economic growth in Nigeria. International Journal of Economic Policy in Emerging Economies, 13(3), 286–301.en_US
dc.identifier.other10.1504/IJEPEE.2020.109047
dc.identifier.urihttps://ir.unilag.edu.ng/handle/123456789/10503
dc.language.isoenen_US
dc.publisherInternational Journal of Economic Policy in Emerging Economiesen_US
dc.relation.ispartofseries13;3
dc.subjectTourismen_US
dc.subjectEconomic growthen_US
dc.subjectNigeriaen_US
dc.subjectCapital investmenten_US
dc.subjectResearch Subject Categories::SOCIAL SCIENCES::Business and economics::Economicsen_US
dc.titleLong run analysis of tourism and economic growth in Nigeriaen_US
dc.typeArticleen_US
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