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FOREIGN TOURISM AND POVERTY IN PAKISTAN: AN APPLICATION OF ARDL APPROACH

This paper is an attempt to investigate the empirical relationship between tourism and poverty in Pakistan using the data from 1972 to 2016 by employing the Autoregressive Distributed Lag (ARDL) technique. Bounds testing procedure shows that there exists a long run relationship between tourism and poverty. The findings of the study show that tourism reduces the poverty in Pakistan. The study also gives some policies to promote tourism in Pakistan.