Department of Management Sciences, The Superior College, Lahore, Pakistan.
Universiti Utara Malaysia, Changlun, Malaysia.
Environ Sci Pollut Res Int. 2020 Jun;27(16):19678-19687. doi: 10.1007/s11356-020-08361-8. Epub 2020 Mar 27.
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.
本研究探讨了 1995-2017 年期间南亚水资源与旅游业之间的关系。研究采用 CIPS 单位根检验变量的平稳性和 CD 检验截面单位之间的横截面相关性。对于长期参数，使用了一种新的技术，称为动态共同相关效应（DCCE）模型，该模型是由 Chudik 和 Pesaran（J Econ 188:393-420, 2015b）最近开发的。DCCE 方法的结果表明，水资源对南亚旅游业有积极的影响。研究还证明，忽略截面单位之间的横截面相关性可能会导致误导性的结果。本研究的结果可以帮助政策制定者了解水资源在促进旅游业和促进南亚国家经济繁荣方面的作用。
