The quest of tourism and overall well-being: the developing economy of Pakistan

Asif Khan, Sughra Bibi, Jiaying Lyu, Mohammad Alam, Muhammad Mussa Khan, Mohammad Nurunnabi
2020 PSU Research Review  
Purpose This study aims to examine the causal relationship between tourism and overall well-being. The main objective of this research is to inform the policymakers that tourism can play a vital role in shaping the overall well-being in the developing economies. Design/methodology/approach This investigation used several time series techniques and procedures that include bounds test and autoregressive distributed lag mechanism to analyze the relationship between tourism and overall well-being
more » ... verall well-being in Pakistan by using time series data for the period 1980-2016. Findings The findings suggest a significant positive relationship between tourism and overall well-being both in the short and long run. The authors find that tourism and overall well-being affect each other positively. Practical implications This research indicates that policymakers and government can improve the overall well-being through tourism development. However, tourism policies and long-term planning should be focused on sustainable developments for achieving long-term goals. Besides, special incentives should be provided to the private sector for tourism development. Originality/value To the best of the authors' knowledge, this is the first investigation that examines the causal relationships between tourism and overall well-being through objective indicators in a developing economy. This study fills the immense literature gap and provides new directions to scholars to investigate the mentioned relationship through objective indicators.
doi:10.1108/prr-07-2019-0022 fatcat:k7zcr4l22jajreg76shumz4gdy