THE RELATIONSHIP BETWEEN TOURIST RECEIPTS AND ECONOMIC GROWTH IN TUNISIA
Keywords:
Tourism receipts, Economic growth, VECM, Granger causality test, Tunisia.Abstract
Considered as a global booming business, tourism contributes by 11% of the world GDP. In many developing countries, this sector has become a key source of growth and wealth that affects directly and indirectly sectors linked to it as well as others. According to the World Tourism Organization (2004) tourism doubled between 1995 and 2005 and it has become itself for some small and medium-sized countries the exporting sector by excellence! Contributing massively to the national economic growth (Kim.HJ & AL, 2006), (Arslanturk.Y & Al, 2011). Where the Tunisian tourism is situated and is there a significant impact between the revenue from the latter and the economic growth of the country? In our study, we tried to answer this question. So, we tried to show through an econometric study the impact of tourism on the Tunisian economy.It also showed the direction of unidirectional causality from of tourism revenues to GDP.