IIARD International Institute of Academic Research and Development

IIARD International Journal of Economics and Business Management (IJEBM )

E-ISSN 2489-0065
P-ISSN 2695-186X
VOL. 5 NO. 2 2019

---

Tourism Development as a Catalyst for Sustainable Economic Growth in Nigeria (2000-2014)

Ogonu, G. C & Didia, J. U. D.

---

Abstract

This study focused on empirical investigation of tourism development as a catalyst for sustainable economic growth in Nigeria (2001-2013). The data used for the study were sourced from the Central Bank of Nigeria Statistical Bulletin 2013 and online from World Development Indicators of the World Bank. An ordinary Least Squares (OLS) technique was used to analyze the data. The findings of the study reveal that international tourist arrivals significantly contribute to real gross domestic product and employment in Nigeria, The study recommended that there is the need for Nigerian policy makers to pay more attention to the tourism sector

keywords:

Economic growth, Global economy, Nigeria, Tourism development

---

References:

Aragon-Correa, J. A. & Sharma, S. (2003). A contingent resource-based view of
proactive corporate environmental strategy. Academy of Management Journal, 28 (1),
71-88

Aliqah, K .M. A. & Al-rfou, N. A. (2010). The Role of Tourism on Economic Development
of Jordan during the Period 1990-2008. European Journal of Economics, Finance and
Administrative Sciences, 18,173-180.

Bichaka.F, Christian.N. & Badassa.T. (2007). The Impact of Tourism on Economic Growth
and Development in Africa. Department of Economics & Finance Working Paper
Series. Middle Tennessee State University.

Bankole. A. (2002). The Nigerian Tourism Sector: Economic Contribution, Constraints and\
Opportunities. Journal of Hospitality Financial Management,10 (1). 70-89.

Barney, J. B. (1991). Firm resources and sustained competitive advantage. Journal of
Management, 17(1), 99 - 120.

Balaguer, L., & Cantavella-Jorda, M. (2002). Tourism as a Long- Run Economic Growth

Bello, Y.O., Bello, M.B. & Raja, N.R.Y. (2014). Travel and Tourism Business Confidence
Index in Nigeria: Issues and challenges. African Journal of Hospitality, Tourism and
Leisure, 3(2), 1-15.
Carey K. (1989). Tourism development in LDCS: Hotel capacity expansion with reference

Croes, R., & Vanegas, M. (2008). Cointegration and causality between tourism and poverty
reduction. Journal of Travel Research, 47, 94-103.
Coinintegration Tests. International Research Journal of Finance and Economics, 25, 231-
239

Dekadt, E. (1979). Tourism: Passport to development? Oxford: Oxford University Press.to
Barbados. World Development, 17, (1).

Durbarry, R. (2002). The economic contribution of tourism in Mauritius. 29 (3),.862-65.

Eneyi, M.A., Odey, F.M. & Bullus, M.E. (2016). Diversification of Nigerian economy:
Impact of tourismveconomic benefits in a semi-rentier state. Tourism Hospitality
Planning and Development , 3 (3), 161-77.
Factor: The Spanish Case. Applied Economics, 34, 877-884.

Fossati, & G. Panella (Eds.), Tourism and Sustainable Economic Development (pp. 57-69).
Dordrecht: Kluwer..526.

Gee, C. Y., Makens, J. C. & Choy, D. J. L. (1997). The travel industry. 3rd ed. New York:
John Wiley and Sons, Inc.

Honey, M., & Gilpin, R. (2009). Tourism in the Developing World: Promoting Peace and
Reducing Poverty. Washington: United States Institute for Peace.

Hart, S. L. & Dowell, L. F. (2010). A green based product measures implementation.
International Journal of Finance and Management, 9(8), 116 -129.

Hart, S. L. (1995). A natural-resource-based view of the firm. Academy of Management
Review, 20(4), 996 –1014

Kreishan, F.M.M. (2010). Tourism and Economic Growth: The Case of Jordan.\
European Journal of Social Sciences, 15(2), 229-234.

Khalil, S., Kakar, M. K., & Waliullah. (2007). Role of Tourism in Economic Growth:
Empirical Evidence from Pakistan Economy. The Pakistan Development Review,
46(4), 985-995

Levitt, K., & Gulati, I. (1970). Income effect of tourist spending: Mystification multiplied: A
critical comment of the Zinder report. Social and Economic Studies. 19 (3), 326-343.

Lanza, A., & Pigliaru, F. (2000). Why are tourism countries small and fast growing? In A.

Mishra, P. K., Rout, H. B., & Mohapatra, S.S. (2011). Causality between Tourism and
Economic Growth: Empirical Evidence from India. European Journal of Social
Sciences, 18(4), 518-

NTMP (2006). Nigeria Tourism Development Master plan; 2006-2010. Executive Summary.
World Tourism Organization

Panagiotopoulos, I., Rozali, ?. ?. & Psimoulis, ?. (2016). E- tourism: Information and
Communications Technology in Tourism, Big Data and Destination Management
Organizations, in Jean Monnet European Centre of Excellence Athens: Available at:
http://www.jmc.uoa.gr/fileadmin/jmc.pspa.uoa.gr/uploads/PDFs/20161020_panagioto
poulo_rozali_psimoulis.pdf (Accessed: 2 February, 2019)

Penrose, B. K. (1959). More milestones for green products and green chemistry. Journal of
Environmental Science and Technology, 43 (3), 556.

Rumelt, A. (1984). Green consumerism and the societal marketing concept: marketing
strategies for the 1990s. Journal of Marketing Management. 6 (2), 87 - 103.

Russo, M.V. & Fouts, P.A. (1997). A resource-based perspective on corporate environmental
performance and profitability. Academy of Management Journal, 40 (3), 534-59

Vasilakakis, ?. (2014). Use of new technologies in tourism services offer. Technological
Educational Institute of Creta: Msc Thesis Strategy of Tourism Available at:
http://nefeli.lib.teicrete.gr/browse/sdo/acfi/2014/VasilakakisKonstantinos/attached
document-1404750574-742347-12036/VasilakakisKonstantinos2014.pdf (Accessed:
2 February

Shan, J., & Wilson, K. (2001). Causality between trade and tourism: empirical evidence from
China. Applied Economics Letters, 8 (4), 279-83.

Steiner, C. (2006). Tourism, poverty reduction and the political economy: Egyptian
perspectives on tourism's

UNWTO. (2002). Tourism and Poverty Alleviation. Madrid: United Nations World Tourism
Organization.2019)

Sam, F. K. (2016). Effect of green packaging on business performance in the manufacturing
In Nairobi County Kenya. International Journal of Economics, Commerce and

Management,4(2), 741-753. TTC (20. Reducing Barriers to Economic Growth and
Job Creation. The Travel and Tourism Competitiveness Report.

UNWTO. (2004). Tourism and Poverty Alleviation: Recommendations for Action. Madrid:
United Nations World Tourism Organization.

Western, D. J. (2008). Ecotourism, Conservation and Development in East Africa: How the
Philanthropic Traveler Can Make a Difference. Washington: Center for Responsible
Travel.

WTTC. (2010). The Economic Impact of Travel and Tourism: Mali. London: World Travel
and Tourism Council.

Wernerfelt, B. (1984). A resource-based view of the firm. Strategic Management Journal, 5,
171 - 180.
World Travel & Tourism Council (2018). Travel and tourism economic impact 2018.
Nigeria. Retrieved fromWWW.google.com. Accessed on February 6, 2019.
on sustainable development in Nigeria. International Journal of Research in
Humanities and Social Studies, (5), 36.44.

Zortuk, M. (2009). Economic Impact of Tourism on Turkey's Economy: Evidence from

DOWNLOAD PDF

---

Back