Record Details

Tourism Economics in Saudi Arabia: PP-VAR Approach

Asian Journal of Business and Management

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Field Value
 
Title Tourism Economics in Saudi Arabia: PP-VAR Approach
 
Creator Ageli, Mohammed Moosa
 
Subject Tourism Expenditure
PP-VAR Approach
Phillips and Perron (PP) unit root test
Co-integration test
Vector Error Correction Model (VECM)
Granger Causality
Economic Growth
Saudi Arabia
 
Description In This paper investigates the nexus relationship between tourism expenditure and Non Oil economic growth in Saudi Arabia over the period 1970-2012. Using Phillips and Perron (PP) unit root test-VAR approach with several techniques including Unit root tests, Johansen’s co-integration test, Granger Causality test and Vector Error Correction Model (VECM). We used time series econometrics techniques to examine the causal relationship between relationship between tourism expenditure and economic growth in the Saudi economy. The findings reveal that there is a bilateral causality and positive long-run relationship running from Non Oil-GDP to tourism expenditure. The results obtained from the analyses show that there is a positive relationship between relationship between tourism spending and economic growth in Saudi Arabia. The development of tourism sector will thus have a positive impact on the growth of the Saudi economy. Also, the results show that, in Saudi Arabia, the model of tourism expenditure is found to hold for Non Oil-GDP. 
 
Publisher Asian Online Journals
 
Date 2013-04-25
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
 
Format application/pdf
 
Identifier https://ajouronline.com/index.php/AJBM/article/view/126
 
Source Asian Journal of Business and Management; Vol. 1 No. 1 (2013): April 2013
2321-2802
 
Language eng
 
Relation https://ajouronline.com/index.php/AJBM/article/view/126/137