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Tourism Impact on Economic Growth: Evidence from Cape Verde

Abstract

Ladson Pires Andrade

Tourism is regard as an engine of growth; as reported by world travel and tourism council tourism is the leading economic sector worldwide, behind one in ten jobs or (313) Mln universal and generating 10.4% of globe GDP. This paper investigates the tourism impact on EG in Cape Verde over the year 1990 until 2017. The ARDL approach has been applied to check the long term association among the variables in the study. Our outcomes provide the idea tourism led growth to Cape Verde and there is a unidirectional association running from tourism receipts toward GDP. The research provides some policies recommendations for the nation.

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