Tourism-led growth hypothesis argues that international tourism is a source of economic advancement through generating foreign currency, creating employment opportunities, stimulating greater investments in infrastructure and inspiring the development of other economic sectors that ultimately improved the living standard of the citizens of a country. Knowing the importance of tourism sector, Ethiopia has taken this sector as a strategy to achieve its short and long run economic objectives. Therefore, the principal objective of this study is to validate the Tourism-Led growth hypothesis (TLGH) in Ethiopia over the annual period 1991-2018. To attain the envisaged objective, the standard Augmented Dickey–Fuller (ADF) and Phillips–Perron (PP) unit root tests were applied to check the stationarity of each series.
Kidanemariam Gidey Gebrehiwot (2019); Verifying Tourism-Led Growth Hypothesis (TLGH) in Ethiopia: Time series analysis; International Journal of Scientific and Research Publications (IJSRP)
9(12) (ISSN: 2250-3153), DOI: http://dx.doi.org/10.29322/IJSRP.9.12.2019.p9653