@techreport{Seetanah2011Tourism, abstract = {Using a panel
vector autoregressive model this paper investigates the dynamic
and endogeneous contribution of tourism to output based on a
sample of 40 African countries for the period 1990 - 2006.
Results from the study confirm tourism to be an important
ingredient of African development although private investment,
openness, and human capital remain the main drivers. Further
analysis reveals the existence of a reverse causation from
national income to tourism development, thus confirming both
tourism-led economic development and economic-driven tourism
growth. Tourism is also observed to enhance private investment
and the presence of bicausality between private investment,
education, and income level is observed.}, address = {Helsinki},
author = {Boopen Seetanah and Kessevan Padachi and Sawkut
Rojid}, copyright =
{http://www.econstor.eu/dspace/Nutzungsbedingungen}, isbn =
{978-92-9230-398-3}, keywords = {C23; O11; 330; tourism;
economic growth; Africa; panel vect