Tourism is considered as one of the strongest determinants of economic growth and it has its multifaceted impacts on the economy of the host country. This paper aims to identify the tourism led growth hypothesis for a panel of Asian and European countries. The results of the panel unit root...

Standard theory of consumer behavior stands on the maxim of utility maximization. Optimizing behavior of consumer is achieved by maximization of utility subject to budget constraint. An increase in inflation that is not accompanied by proportionate increase in income can leave a consumer worse...