A Cultural tourism and economic growth in Cameroon: a time series analysis

Marcel Dama Die; Prisca Koncy Fosso; Gaelle Tatiana Timba; Willy Jacques Fotso

doi:10.38142/jtep.v6i1.1767

Authors

Marcel Dama Die University of Douala, Cameroon
Prisca Koncy Fosso University of Douala, Cameroon
Gaelle Tatiana Timba University of Douala, Cameroon
Willy Jacques Fotso University of Douala, Cameroon

DOI:

https://doi.org/10.38142/jtep.v6i1.1767

Keywords:

Arrival flows, Causality test, Cultural tourism, Economic growth, Long-term

Abstract

This article examines the link between cultural tourism and economic growth in Cameroon. The causality and long-term relationship between these two variables is analysed on the basis of Robert Solow's theoretical growth model (1956) and data covering the period 1991-2016 obtained from the DGSN and MINTOUL (Cameroon), supplemented by data extracted from the World Bank's Development Indicators database. The implementation of this model based on the data used, leads to the Vector Autoregressive (VAR) approach. In fact, after testing the study alternatively, (ADF), estimating the equilibrium relationship between long-term variables (Johansen cointegration) and testing causality in the Granger sense, the VAR error-correction model was estimated. The results reveal a two-way connection between tourist arrivals, cultural tourism spending and gross domestic product. Furthermore, there is a unidirectional link between GDP and revenues from cultural tourism. The VAR estimation results show that, at the 5% threshold, only tourist arrivals to Cameroon significantly explain the country's economic growth, while tourism revenues and investment expenditure only explain this growth very weakly.

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