- Title
- Tourism and trade opennes, and economic development nexus in selected SADC countries
- Creator
- Livi, Ondela Olwethu
- Description
- The interplay between tourism, trade openness, and economic development in selected SADC countries holds significant importance in understanding their complex relationships and identifying strategies for sustainable economic growth. This study aimed to investigate this nexus using extensive datasets and robust panel data estimation techniques, specifically employing the Panel ARDL model to examine short and long-run relationships among the variables. The utilization of the Panel ARDL model was deemed appropriate due to its efficiency in providing reliable and robust estimates. The study revealed a strong positive relationship among tourism, trade openness, and economic development within the SADC region. This demonstrates the crucial role these variables play in shaping the development trajectory of the region, influencing economic growth, creating employment, providing education, and ensuring overall economic development. Based on these findings, several potential policy implications can be drawn. Firstly, SADC countries should prioritize trade liberalization to solidify the benefits derived from trade within the bloc. Additionally, strengthening policies such as the African Growth and Opportunity Act (AGOA) and the Common Market for Eastern and Southern Africa (COMESA) can contribute to enhanced economic development within the SADC region. Lastly, it is recommended that government officials and relevant authorities in the selected SADC countries implement tourism promotion strategies to emphasize the integration of tourism development programs, recognizing the significant impact of sustainable tourism on economic growth. These policy implications aim to provide guidance for policymakers and stakeholders in the SADC region to capitalize on the positive relationship between tourism, trade openness, and economic development, and ultimately foster sustainable economic growth and development in the region.
- Description
- Thesis (Masters) -- Faculty of Economic and Financial Sciences, 2023
- Date
- 2023-00
- Subject
- Tourism and trade openness
- Type
- Masters theses, text
- Identifier
- http://hdl.handle.net/11260/10172
- Identifier
- vital:74947
- Format
- computer, online resource, application/pdf, 1 online resource (95 pages), pdf
- Publisher
- Walter Sisulu University, Faculty of Economics and Finacial Sciences
- Language
- English
- Rights
- Faculty of Economis and Financial Sciences, All Rights Reserved, Open Access
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| Thumbnail | File | Description | Size | Format | |||
|---|---|---|---|---|---|---|---|
| View Details | SOURCE1 | Ondela Olwethu Livi Final Dissertation 06-08-2024.pdf | 1 MB | Adobe Acrobat PDF | View Details |