- Title
- Tourism and economic growth in the Republics of Botswana and Madagascar: an empirical investigation of causal links
- Creator
- Masvingise, Kudzai
- Subject
- Tourism -- Botswana
- Subject
- Economic development -- Botswana
- Subject
- Econometric models
- Date
- 2023-09
- Type
- Master's theses
- Type
- text
- Identifier
- http://hdl.handle.net/10353/28334
- Identifier
- vital:74267
- Description
- This study investigated the Granger causality of tourism and economic growth in the Republics of Botswana and Madagascar during the period 1995 2019. The study was inspired by speculation regarding the influence of tourism on the economic growth of the two countries, given that the literature cautions that the relationship is not always direct and obvious, but rather depends on the country and changes over time. The ARDL-bounds F-test was used to test for co-integration and for Granger causality, with the ECM-based multivariate Granger-causality test used. The results confirm that tourism and economic growth have a prevailing stable, long-run co-integration in both countries, with a unidirectional causation, in that tourism is propelled by economic growth. These findings support the growth-led tourism GDP TOR hypothesis for both countries, and do not corroborate the popular tourism-led growth TPR GDP hypothesis. The study findings imply that both countries’ rich natural resources are insufficient to propel tourism growth and drive GDP in the absence of a supportive economic environment. The study therefore recommends that investment and policy efforts in Botswana and Madagascar focus more on overall economic development than at tourism per se. This would create an environment conducive for attracting and retaining visitors to these countries, and thus boost tourism.
- Description
- Thesis (MSc) -- Faculty of Science and Agriculture, 2023
- Format
- computer
- Format
- online resource
- Format
- application/pdf
- Format
- 1 online resource (xv, 66 leaves)
- Format
- Publisher
- University of Fort Hare
- Publisher
- Faculty of Science and Agriculture
- Language
- English
- Rights
- University of Fort Hare
- Rights
- All Rights Reserved
- Rights
- Open Access
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Collections
UFH Department of Agricultural Economics and Extension
| Thumbnail | File | Description | Size | Format | |||
|---|---|---|---|---|---|---|---|
| View Details | SOURCE1 | MASVINGISE Dissertation.pdf | 1 MB | Adobe Acrobat PDF | View Details |