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Examining the Tourism-Led Growth Hypothesis,
Agricultural-Led Growth Hypothesis and Economic Growth
in Top Agricultural Producing Economies
            
           Mfonobong Udom Etokakpan1 Festus Victor Bekun2 and
A. Mohammed Abubakar3*
        
Received: 27/07/2018 Accepted: 05/09/2018

       

1Department of Economics, Famagusta, Eastern Mediterranean University, North Cyprus, via Mersin 10, Turkey, Economics
Department, Babcock University, Ogun State, Nigeria. E-mail: This e-mail address is being protected from spambots. You need JavaScript enabled to view it
2Institute of Graduate Studies and Research Faculty of Business and Economics, Department of Economics,
Famagusta, Eastern Mediterranean University, North Cyprus, via Mersin 10, Turkey. E-mail: This e-mail address is being protected from spambots. You need JavaScript enabled to view it
3College of Business Antalya Bilim University, Turkey. E-mail: This e-mail address is being protected from spambots. You need JavaScript enabled to view it
*Corresponding author

   
Abstract
      
Most nations are striving to achieve sustainable economic growth. Among the diverse routes explored are tourism and agriculture. This study examines tourism-led growth hypothesis and agriculture-induced growth hypothesis in the context of the world top four agricultural producing economies in a multivariate balanced panel framework between 1995 and 2015. The findings from the bootstrap panel co-integration tests do not support a long-run relationship among the variables. Subsequently, causality test reveals a feedback relationship between international tourism receipt and economic growth. Thus, the tourism-led growth hypothesis is affirmed, while a uni-directional causality runs from agriculture to economic growth. Our findings affirm both the tourism-led and agriculture-led growth hypotheses. Hence, tourism and agriculture sectors are twin growth catalysts in the selected states, that is, both tourism and agriculture sectors have complementary effect on economic growth in the bloc investigated.
   

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Keywords:  Tourism-led growth hypothesis, Agricultural-led growth hypothesis, Panel data econometrics

    
Citation:  Etokakpan, M., F. Bekun and A. Abubakar (2019) Examining the Tourism-Led Growth Hypothesis, Agricultural-Led Growth Hypothesis and Economic Growth in Top Agricultural Producing Economies. European Journal of Tourism Research 21, pp. 132-137
    
 
European Journal of Тourism Research