The Relationship between Tourism, Financial Development and Economic Growth in MP

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Published: Feb 1, 2022
DOI: https://doi.org/10.29070/x11xpa64
Keywords:
tourism, economic growth, GPD, development

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Authors

Ritu Tomar

Research Scholar, Shri Krishna University, Chhatarpur, M.P.

Abstract

Tourism and economic growth in India from 1960 to 2014 are examined in this research, takinginto account the relative importance of financial development in that time period. It has been shown thatboth the long-term and short-term development of India's economy is enhanced by inbound tourism. Alsofound is a long-term one-way Granger causality between tourism and economic development.Furthermore, the outcomes of the Granger causality test indicated a one-way association between twovariables ranging from GDP growth to tourist development. The findings support the rise of economicdriventourism in MP.

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Issue

Vol. 17 No. 1 (2022): International Journal of Information Technology and Management (IJITM)

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