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Nexus between tourism and gross domestic product in Sri Lanka
[journal article]
Abstract Nowadays, policy makers believe that the tourism is a positive tool for economic growth of nations because which helps to economies of countries by several ways. In Sri Lankan experience it was not statistically confirmed. The aim of this study was to test the nexus between the tourism earnings and ... view more
Nowadays, policy makers believe that the tourism is a positive tool for economic growth of nations because which helps to economies of countries by several ways. In Sri Lankan experience it was not statistically confirmed. The aim of this study was to test the nexus between the tourism earnings and the gross domestic product in Sri Lanka. To test this nexus this study used time series data during the period of 1970 to 2014, and employed the multiple regressions model. In this study, the gross domestic product in constant price was used as dependant variable and exchange rate, foreign remittance, tourism earning, and inflation rate were considered as independent variables. Based on the regression outcomes, this study found that the tourism positively maintained the nexus on the gross domestic product in Sri Lanka at five percent significant level.... view less
Keywords
Sri Lanka; income; regression analysis; political decision; tourism; national economy; economy; gross domestic product
Classification
National Economy
Leisure Research
Document language
English
Publication Year
2016
Page/Pages
p. 25-32
Journal
International Letters of Social and Humanistic Sciences (2016) 71
ISSN
2300-2697
Status
Published Version; peer reviewed