Tourism and economic growth in Kenya (2002-2011)
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Date
2014-03
Authors
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Publisher
Kampala International University, College of Economics and Management
Abstract
This research is set to investigate the relationship between tourism and economic growth in Kenya. Its objectives were; to establish the trend of Tourism in Kenya (2002- 2011, to establish the trend of GDP growth of Kenya (2002-2011), to investigate the relationship between Tourism and GDP growth in Kenya (2002-2011). The hypothesis of the study was there is no significant relationship between Tourism and GDP growth in Kenya time series analysis such Correlation analysis, regression analysis mechanisms were used. The trend of Tourism and GDP growth showed a general increase with percentages change of 80.65 and 66.1 percent respectively. Using the correlation, regression approach, there was a strong positive correlation between Tourism and GDP
growth(r =0.927), there was also significant relationship between Tourism and GDP growth at 0.05 level of significance. In conclusion therefore both Tourism and GDP growth has a general increase; there is a positive relationship between Tourism and growth in Kenya which agreed with Cortes Jimenez (2007) chang, Khamkaev and McAleer (2010 )Sequeire and Nunes (2008) study on Tourism and GDP growth and found a significant relationship this has implied that the Tourism plays a very important role in economic growth of Kenya.
Description
A research report submitted to the college of applied economics and management science in partial
fulfillment of the requirements for the award of a Bachelor’s Degree in Economics of Kampala
International University
Keywords
Tourism, Economic growth, Kenya (2002-2011)