The impact of tourism revenue streams on types of financial — Electronics credits in Iran: VARX approach

Abstract

One of the important factors affecting economic growth, is credits that provides growth and development through creating investment opportunities for manufacturers. In this regard, tourism is one of the areas that can affect on the amount of these credits through providing foreign currency. By the same token, the present study examined the relationship between credits and tourism revenue streams in Iran. For this purpose, the data of the period of 1994-2014 and VARX econometric method have been used. The used endogenous variables in the current study included a variety of public, private, bank, and foreign credits as an indicator of financial-electronics credits, and exogenous variables included income stream resulted from tourism. The main findings of the current paper have showed that tourism revenue streams have significantly impacted on the types of financial - electronics credits in Iran during the period under review.