EXPLORING TOURISM DEVELOPMENT AND ECONOMIC PERFORMANCE AMONG TOURIST-BOUND ECONOMIES
EXPLORING TOURISM DEVELOPMENT AND ECONOMIC PERFORMANCE AMONG TOURIST-BOUND ECONOMIES

Summary/Abstract: The study examines tourism development and economic performance of some selected African countries (Kenya, Nigeria, and Tanzania) from 1999 to 2021 using a panel Pool Mean Group/ Autoregressive distributed Lag (PMG/ARDL) model. Tourism development was represented by tourism receipt and number of tourists’ arrivals while GDP represented economic growth. The result reveals that tourism receipts (TR) of the selected developing countries is statistically significant in explaining the variation in the growth of their economies. Hence, the study accepted the alternative hypothesis of the study and concluded that: there is a significant relationship between tourism receipts and economic growth of the selected developing countries. Tourism arrivals (TAR) to the selected developing countries is statistically non-significant, implying that it does promote growth in the selected countries. The long-term effect of tourism development according to our analysis shows some degree of productivity with adequate funding and development to sustain the present state of the economy. Tourism should be encouraged as a development strategy of these economies.

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