Economic Growth Led Tourism: with Special Reference to State Sikkim

The International Journal of Humanities & Social Studies

7 Pages Posted: 29 Dec 2020

See all articles by Pema Choden Bhutia

Pema Choden Bhutia

Madras Institute of Development Studies

T Eugiene

Loyola College, Chennai

Date Written: November 18, 2015

Abstract

This study is an attempt to analyse tourism leading to economic development in the state of Sikkim. This study has obtained time series data of foreign tourist arrivals to Sikkim for the time period 1994-2014. The focal point of the study is to find out the causality between income and tourist visits to Sikkim. To discern the causality, this study uses statistical tools like unit root, Johansson’s Cointegration test, Vector error correction modelling, and impulse response function. Results from this study suggest that there is unidirectional causation where economic growth leads to tourism and not the other way round.




Keywords: Tourism industry, economic growth, granger causality

JEL Classification: Z32

Suggested Citation

Bhutia, Pema Choden and Eugiene, T, Economic Growth Led Tourism: with Special Reference to State Sikkim (November 18, 2015). The International Journal of Humanities & Social Studies, Available at SSRN: https://ssrn.com/abstract=3719890

Pema Choden Bhutia (Contact Author)

Madras Institute of Development Studies ( email )

Chennai
India

HOME PAGE: http://https://www.mids.ac.in/

T Eugiene

Loyola College, Chennai ( email )

Chennai - 600034
India

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