The Relationship between Tourism, Financial Development and Economic Growth in MP

Tourism and economic growth in India from 1960 to 2014 are examined in this research, takinginto account the relative importance of financial development in that time period. It has been shown thatboth the long-term and short-term development of India's economy is enhanced by inbound tourism. Alsofound is a long-term one-way Granger causality between tourism and economic development.Furthermore, the outcomes of the Granger causality test indicated a one-way association between twovariables ranging from GDP growth to tourist development. The findings support the rise of economicdriventourism in MP.

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Publication Details

Journal
International Journal of Information Technology and Management
Published
2024-09-03
DOI
https://doi.org/10.29070/x11xpa64
Primary Topic
Diverse Aspects of Tourism Research
Type
article
Field-Weighted Citation Impact
0.00
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article

The Relationship between Tourism, Financial Development and Economic Growth in MP

Ritu Tomar Ritu Tomar
International Journal of Information Technology and Management
Diverse Aspects of Tourism Research
article

The Relationship between Tourism, Financial Development and Economic Growth in MP

Ritu Tomar Ritu Tomar
article en

Abstract

Tourism and economic growth in India from 1960 to 2014 are examined in this research, takinginto account the relative importance of financial development in that time period. It has been shown thatboth the long-term and short-term development of India's economy is enhanced by inbound tourism. Alsofound is a long-term one-way Granger causality between tourism and economic development.Furthermore, the outcomes of the Granger causality test indicated a one-way association between twovariables ranging from GDP growth to tourist development. The findings support the rise of economicdriventourism in MP.

International Journal of Information Technology and ManagementVol. 17(1)
Krishna University (IN)
Decent work and economic growth
Openalex Percentile: Top 77%
Diverse Aspects of Tourism Research
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