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Anatolia
An International Journal of Tourism and Hospitality Research
Volume 29, 2018 - Issue 3
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Article

Tourism, trade, and economic growth in India: a frequency-domain analysis of causality

K. G. SureshIBS-Hyderabad, IFHE University, Hyderabad, IndiaCorrespondence[email protected]
,
Aviral Kumar TiwariMontpellier Business School, Montpellier, FranceORCID Iconhttp://orcid.org/0000-0002-1822-9263
ORCID Icon,
Gazi Salah UddinDepartment of Management and Engineering, Linköping University, Linköping, Sweden
&
Ali AhmedDepartment of Management and Engineering, Linköping University, Linköping, SwedenORCID Iconhttp://orcid.org/0000-0002-1798-8284
ORCID Icon
Pages 319-325 | Received 11 Jan 2016, Accepted 19 Nov 2017, Published online: 01 Dec 2017
 
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ABSTRACT

We examine causal relationships among the macroeconomic entities tourism and output dynamics in India, using the frequency–domain causality approach. Our results show that there is a bidirectional causality between openness and tourism as well as between output and tourism, at various frequency bands. Hence, this study suggests a multiplier effect of tourism on the Indian economy.

Notes

1. The F statistic expressed as for , where 2 is the number of restrictions and T is the number of observations.

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