Acknowledgments
The author thanks an anonymous referee and Prof. Kozak, Chief Editor of this journal for their useful comments and helpful suggestions on the previous version of this paper. Any errors or omissions are solely of the author’s.
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No potential conflict of interest was reported by the author.
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Chandan Sharma
Chandan Sharma is Professor of economics at Indian Institute of Management Lucknow, India. His research focuses on Applied econometrics, Trade, Industrial Economics, Infrastructure, Development Economics, Political Economy, Tourism and Shadow Economy. His works have appeared in several leading economics and business research journals, such as Journal of travel research, Economics Letter, Economics Modelling, Policy Modeling, International Review of Financial Analysis, Social Indicators Research and others. He holds a Ph.D. from University of Delhi.