The Relation between International Tourism and Economic GrowthShakouri B*, Yazdi SK, Nategian N and Shikhrezaei N
Department of Economics, College Economics and Accounting, Islamic Azad University, North Iranshahr St, Tehran, Iran
- *Corresponding Author:
- Bahram Shakouri
Department of Economics
College Economics & Accounting
Islamic Azad University, North Iranshahr St
Tel: +98 21 22 56 51 49
E-mail: [email protected]
Received date: May 30, 2017; Accepted date: June 10, 2017; Published date: June 17, 2017
Citation: Shakouri B, Yazdi SK, Nategian N, Shikhrezaei N (2017) The Relation between International Tourism and Economic Growth. J Tourism Hospit 6: 295. doi: 10.4172/2167-0269.1000295
Copyright: © 2017 Shakouri B, et al. This is an open-access article distributed under the terms of the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original author and source are credited.
Having recognized the importance of tourism to economic growth, many researchers have started to argue that tourism growth can also influence the economy and tourism. This paper attempts to test the long-run and short-run relationships between international tourism and Iran’s economic growth by accommodating structural breaks and Bayer and Hanks cointegration test and using the Autoregressive Distributed Lag (ARDL) and Granger Causality to examine the relationships between investment in physical capital and human capital and household consumption expenditures over the period of 1980-2014. The main finding of this study is the TLG hypothesis can be accepted in Iran. The more the country prospers the more stable and sounds are the economic, social and political situations. The prospective tourists will have more confidence to visit Iran.