An Empirical Investigation about Relationship Between International Trade and Tourist Arrival: Evidence from India
An Empirical Investigation about Relationship Between International Trade and Tourist Arrival: Evidence from India
Author(s): Vikas Gautam, Suresh KGSubject(s): Economy, Tourism, Socio-Economic Research
Published by: Facultatea de Management, Academia de Studii Economice din Bucuresti
Keywords: International trade; International tourism; India; Unit root test; Granger causality test;
Summary/Abstract: This study aims to examine the causal relationship between tourism arrivals and bilateral trade of India with Germany, Netherland, Switzerland, France, Italy, USA, UK and Canada for the period 1996 January to 2008 December. After examining the order of integration by using the Zivot and Andrews structural unit root test, we have used the Granger Causality test to examine the causal relationship between the study variables. The Granger Causality test results indicate two way causal relationships between the Trade and Tourism in case of USA, Italy and Canada.
Journal: Business Excellence and Management
- Issue Year: 2/2012
- Issue No: 3
- Page Range: 53-62
- Page Count: 10
- Language: English