Impact of sports tourism on economic growth of a developing nation: a case study of India

Abstract/Description

This research paper aims to examine the impact of sports tourism on the economic growth of a developing nation and specifically focus on the economy of India. This paper has used time series data from 1990 to 2016. Variables used in this research study includes Gross domestic Product as a dependent variable, Gross fixed capital formation and labour force as control variables and international tourism as a focus variable. One dummy variable has also been used in our regression model for which ‘0’ was assigned to the years in which India has not hosted any mega sports event and ‘1’ was assigned for the years in which India has hosted mega sports events. We have used a technique of Ordinary least square in order to observe the effect of hosting mega sports events on growth of India’s economy. Regression results suggested that there is a significant positive relation between the Gross domestic Product and international tourism whereas dummy variable used in our regression model was also found to be significant. Both results indicated that sports tourism has a significant positive impact on the economic growth of India. It is to be suggested to the policy makers and Ministry of Youth and Sports Affairs of India to increase an investment in the necessary infrastructure and also to provide certain incentives to the number of tourists that visited the country during mega sports events for the purpose of boosting the tourism industry and stimulating the growth of nation’s economy. Future research work should focus on the socio-cultural as well as environmental impacts of hosting the mega sports events on hosting nation.

Keywords

Economic Growth, Sports tourism, Mega sports events, Infrastructure investment, India

Session Theme

Tourism, Culture and Economic Growth - Session IIB

Session Type

Parallel Technical Session

Session Chair

Dr. Sahar Nadeem, Chairperson - Department of Social Sciences & Liberal Arts IBA Karachi

Session Discussant

Dr. Qaiser Munir, Professor - Institute of Business Administration Karachi

Event Website

https://esdcber.iba.edu.pk/

Start Date

3-4-2021 2:30 PM

End Date

3-4-2021 4:00 PM

Comments

  • Muhammad Abdullah Idrees is Lecturer, Faculty of Management Sciences, Indus University
  • Ayesha Khan is Lecturer, Faculty of Management Sciences, Indus University
  • Muhammad Arslan Khan is Lecturer, Faculty of Management Sciences, Indus University

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Apr 3rd, 2:30 PM Apr 3rd, 4:00 PM

Impact of sports tourism on economic growth of a developing nation: a case study of India

This research paper aims to examine the impact of sports tourism on the economic growth of a developing nation and specifically focus on the economy of India. This paper has used time series data from 1990 to 2016. Variables used in this research study includes Gross domestic Product as a dependent variable, Gross fixed capital formation and labour force as control variables and international tourism as a focus variable. One dummy variable has also been used in our regression model for which ‘0’ was assigned to the years in which India has not hosted any mega sports event and ‘1’ was assigned for the years in which India has hosted mega sports events. We have used a technique of Ordinary least square in order to observe the effect of hosting mega sports events on growth of India’s economy. Regression results suggested that there is a significant positive relation between the Gross domestic Product and international tourism whereas dummy variable used in our regression model was also found to be significant. Both results indicated that sports tourism has a significant positive impact on the economic growth of India. It is to be suggested to the policy makers and Ministry of Youth and Sports Affairs of India to increase an investment in the necessary infrastructure and also to provide certain incentives to the number of tourists that visited the country during mega sports events for the purpose of boosting the tourism industry and stimulating the growth of nation’s economy. Future research work should focus on the socio-cultural as well as environmental impacts of hosting the mega sports events on hosting nation.

https://ir.iba.edu.pk/esdcber/2021/day2/6