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Tytuł:
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Tourism and economic growth: A global study on Granger causality and wavelet coherence.
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Autorzy:
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Wijesekara C; SLIIT Business School, Sri Lanka Institute of Information Technology, Malabe, Sri Lanka.
Tittagalla C; SLIIT Business School, Sri Lanka Institute of Information Technology, Malabe, Sri Lanka.
Jayathilaka A; SLIIT Business School, Sri Lanka Institute of Information Technology, Malabe, Sri Lanka.
Ilukpotha U; SLIIT Business School, Sri Lanka Institute of Information Technology, Malabe, Sri Lanka.
Jayathilaka R; Department of Information Management, SLIIT Business School, Sri Lanka Institute of Information Technology, Malabe, Sri Lanka.
Jayasinghe P; SLIIT Business School, Sri Lanka Institute of Information Technology, Malabe, Sri Lanka.
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Źródło:
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PloS one [PLoS One] 2022 Sep 12; Vol. 17 (9), pp. e0274386. Date of Electronic Publication: 2022 Sep 12 (Print Publication: 2022).
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Typ publikacji:
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Journal Article
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Język:
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English
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Imprint Name(s):
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Original Publication: San Francisco, CA : Public Library of Science
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MeSH Terms:
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Economic Development*
Tourism*
Carbon Dioxide/analysis ; Causality ; United States
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References:
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Environ Sci Pollut Res Int. 2019 Feb;26(5):5210-5220. (PMID: 30604366)
Heliyon. 2021 May 06;7(5):e06966. (PMID: 34027171)
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Substance Nomenclature:
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142M471B3J (Carbon Dioxide)
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Entry Date(s):
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Date Created: 20220912 Date Completed: 20220914 Latest Revision: 20220928
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Update Code:
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20240104
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PubMed Central ID:
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PMC9467361
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DOI:
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10.1371/journal.pone.0274386
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PMID:
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36094926
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This paper empirically investigates the relationship between tourism and economic growth by using a panel data cointegration test, Granger causality test and Wavelet coherence analysis at the global level. This analysis examines 105 nations utilising panel data from 2003 to 2020. The findings indicates that in most regions, tourism contributes significantly to economic growth and vice versa. Developing trade across most of the regions appears to be a major influencer in the study, as a bidirectional association exists between trade openness and economic growth. Additionally, all regions other than the American region showed a one-way association between gross capital formation and economic growth. Therefore, it is crucial to highlight that using initiatives to increase demand would advance tourism while also boosting the economy.
Competing Interests: The authors have declared that no competing interests exist.
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