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The Competitiveness of Jordanian Tourism Activity in Enhancement Economic Growth |
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PP: 161-174 |
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doi:10.18576/amis/170117
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Author(s) |
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Mohammad H. Saleh,
Omar Jawabreh,
Emad Al Dein AL Fahmawee,
Basel J. A. Ali,
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Abstract |
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| Competitiveness studies are regarded as one of the most essential at the worldwide level, particularly in the tourist sector, which is relying on to boost economic growth and living standards. The purpose of this study was to examine the competitive features of the Jordanian tourist industry, as well as the long-term equilibrium relationships between the factors of tourism activity and economic growth, using the Autoregressive distributed lag model (ARDL) over the period 1990- 2021. The study looked at the favorable benefits of tourism on employment, poverty reduction, and the Jordanian economys balance of payments. Using the koyck model, the study discovered a decline in the influence of the number of tourists on Jordanian tourism income. It also determined that there is a long-term and bidirectional equilibrium link between tourism activity and economic growth, as the coefficient of the speed of adjustment for short-term deviations from its long-term route was 37%. It suggested strengthening the sectors competitiveness by attracting more visitors and raising the number of tourism investments in Jordan.
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