Affiliations 

  • 1 Department of Management Sciences, The Superior College, Lahore, Pakistan
  • 2 Universiti Utara Malaysia, Changlun, Malaysia
  • 3 Department of Finance, School of Economics & Management, Beihang University (BUAA), Beijing, People's Republic of China
  • 4 Department of Economics, The women university, Multan, Pakistan. raima.6343@wum.edu.pk
Environ Sci Pollut Res Int, 2020 Jun;27(16):19678-19687.
PMID: 32219658 DOI: 10.1007/s11356-020-08361-8

Abstract

The current study explores the relationship between water resources and tourism in South Asia for the period of 1995-2017. The study employs the CIPS unit root test for stationarity of the variables and the CD test for cross-sectional dependence among cross-sectional units. As for the long-run parameters, a novel technique, known as dynamic common correlated effect (DCCE) model, is used which was recently developed by Chudik and Pesaran (J Econ 188:393-420, 2015b). The outcomes from the DCCE method suggest that water resources have a positive impact on tourism in South Asia. It is also proven that ignoring cross-sectional dependence among the cross-sectional units may bring about misleading outcomes. The findings of the study can be helpful for policymakers to understand the role of water resources in boosting tourism and contributing to the economic prosperity of South Asian countries.

* Title and MeSH Headings from MEDLINE®/PubMed®, a database of the U.S. National Library of Medicine.