Comparative Analysis of Tourism -Growth Nexus in the Selected Top Tourist Countries in EU and Africa - Implication of Sustainable Development in Nigeria
Abstract
The study was on the comparative analysis of tourism-growth in the selected top tourist countries in the European Union (EU) and Africa and the implication of sustainable development in Nigeria. The problem of study lies in the fact that despite Africa’s richly endowed diverse natural resources which include historical spots, safaris, deserts, cultural heritage, serene environment the role tourism plays on economic growth in Africa have been significantly low compared to tourism activity in EU. The methodology involved granger casualty, unit root, cointegration and ARDL tests on four hypotheses. The results suggest that tourism investment has a long-run impact on economic growth in Africa, but there is no causal relationship between the two variables in the short run. Secondly, the results suggest that the impact of tourism on economic growth in the EU and Africa is similar, with a long-run relationship between tourism receipts and economic growth in both regions. Thirdly, the results suggest that tourism receipts do not drive economic growth in Africa, and economic growth does not drive tourism receipts. The results suggest that tourism receipts and institutional quality index are related in the long run, but there is no causal relationship between them. This implies that policymakers should focus on improving institutional quality to support tourism development in Africa. Recommendations include investing in infrastructural development, creating a favorable business environment, promoting sustainable tourism development, diversification of tourism products, enhancement of human capital development, strengthening of institutional frameworks, encouragement of public- private partnerships, monitoring and evaluation of tourism development, leveraging of tourism development for economic growth etc.
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