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Benue State University, Makurdi, Nigeria.
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Nigeria Journal of Management Sciences (NJMS), Benue State University
Tourism-Economic Growth Nexus in Nigeria: Implications for the Economic Recovery and Growth Plan
David Terfa Akighir PhD: Department of Economics, Benue State University, Makurdi E-mail: akighirdavidterfa@yahoo.com Phone: 08169587920
Ateata Aaron: National Open University of Nigeria, Makurdi
Abstract
The study investigated the tourism-economic growth nexus in Nigeria with a view to ascertaining whether or not tourism development can lead to economic growth in Nigeria and vice versa. Using Autoregressive distributed lag (ARDL) modelling approach on the time series data spanning from 1980-2015; the findings of the study revealed that, tourism development has positive and significant impact on economic growth in Nigeria both in the short and long-run. Based on the findings it was concluded that the government can use the enormous tourist potentials in the country to achieve her economic recovery and growth plan (ERGP) in the wake of dwindling oil prices.Key words: Economic growth, Tourism, Autoregressive Distributed Lag (ARDL) model, Economic recovery and Growth Plan (ERGP).
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