Analysis of the Potential Contribution of the Distribution and Tourism Sector in the Economic Growth and Development Process: A Case Study of Zimbabwe (1980-2013)
Journal Title: International Journal of Science and Research (IJSR) - Year 2013, Vol 2, Issue 12
Abstract
The research focused on analysing the Distribution and Tourism sector potential contribution economic development and how this can translate into addressing adverse socio-economic issues like unemployment, access to better health care, nutrition, clean water and sanitation, spread of HIV/AIDS and other social amenities. The target population was the Tourism sector. Multiple regression analysis was used to come up with a model that best fits the time series data. The model results indicate that the agriculture sector is operating at about 58% and the partial elasticity of GDP to Tourism sector output is 2.73 meaning that a 1% increase agriculture output results in 2.73 % increase in GDP. This implies that at full capacity, the sector can increase GDP by US 7.19 billion dollars. We expect this to translate into public expenditure on capital and social welfare projects. It will also increase the households
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