Tourism and Economic Growth: Evidence from ASEAN countries
Tourism has become an important sector in the economy over recent decades, but the impact of tourism on economic growth is still debated. The purpose of this paper is to investigates the long-run relationship between tourism and economic growth in ASEAN countries as well as the causal linkages betwe...
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| Format: | Article |
| Language: | English |
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University of Brawijaya
2022-08-01
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| Series: | Journal of Indonesian Applied Economics |
| Subjects: | |
| Online Access: | https://jiae.ub.ac.id/index.php/jiae/article/view/1190 |
| _version_ | 1797759669427503104 |
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| author | Devi Indriani |
| author_facet | Devi Indriani |
| author_sort | Devi Indriani |
| collection | DOAJ |
| description | Tourism has become an important sector in the economy over recent decades, but the impact of tourism on economic growth is still debated. The purpose of this paper is to investigates the long-run relationship between tourism and economic growth in ASEAN countries as well as the causal linkages between them. This study uses panel Autoregressive Distributed Lag (panel ARDL) and data from the World Tourism Organization and the World Development Indicator. The results suggest that tourism has significant and positive impact on economic growth in the long run. Furthermore, the results also indicate that there is bidirectional causality between inbound tourism and economic growth. |
| first_indexed | 2024-03-12T18:47:44Z |
| format | Article |
| id | doaj.art-8971f420daad4238af810928fe284905 |
| institution | Directory Open Access Journal |
| issn | 1907-7947 2541-5395 |
| language | English |
| last_indexed | 2024-03-12T18:47:44Z |
| publishDate | 2022-08-01 |
| publisher | University of Brawijaya |
| record_format | Article |
| series | Journal of Indonesian Applied Economics |
| spelling | doaj.art-8971f420daad4238af810928fe2849052023-08-02T07:27:47ZengUniversity of BrawijayaJournal of Indonesian Applied Economics1907-79472541-53952022-08-011021001311063Tourism and Economic Growth: Evidence from ASEAN countriesDevi Indriani0Universitas IndonesiaTourism has become an important sector in the economy over recent decades, but the impact of tourism on economic growth is still debated. The purpose of this paper is to investigates the long-run relationship between tourism and economic growth in ASEAN countries as well as the causal linkages between them. This study uses panel Autoregressive Distributed Lag (panel ARDL) and data from the World Tourism Organization and the World Development Indicator. The results suggest that tourism has significant and positive impact on economic growth in the long run. Furthermore, the results also indicate that there is bidirectional causality between inbound tourism and economic growth.https://jiae.ub.ac.id/index.php/jiae/article/view/1190tourismeconomic growthpanel ardlasean |
| spellingShingle | Devi Indriani Tourism and Economic Growth: Evidence from ASEAN countries Journal of Indonesian Applied Economics tourism economic growth panel ardl asean |
| title | Tourism and Economic Growth: Evidence from ASEAN countries |
| title_full | Tourism and Economic Growth: Evidence from ASEAN countries |
| title_fullStr | Tourism and Economic Growth: Evidence from ASEAN countries |
| title_full_unstemmed | Tourism and Economic Growth: Evidence from ASEAN countries |
| title_short | Tourism and Economic Growth: Evidence from ASEAN countries |
| title_sort | tourism and economic growth evidence from asean countries |
| topic | tourism economic growth panel ardl asean |
| url | https://jiae.ub.ac.id/index.php/jiae/article/view/1190 |
| work_keys_str_mv | AT deviindriani tourismandeconomicgrowthevidencefromaseancountries |