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.

中文翻译：

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南亚的水资源和旅游业发展：动态共同相关效应（DCCE）模型的应用。

摘要

本研究探讨了1995-2017年南亚水资源与旅游业之间的关系。该研究采用CIPS单位根检验来确定变量的平稳性，并使用CD检验来确定截面单位之间的截面相关性。至于长期参数，使用了一种新技术，称为动态共同相关效应（DCCE）模型，该技术最近由Chudik和Pesaran开发（J Econ 188：393–420，2015b）。DCCE方法的结果表明，水资源对南亚旅游业具有积极影响。还证明了忽略横截面单元之间的横截面依赖性可能带来误导的结果。