Influence of Tourism on Economic Development in Asian Countries

Although the tourism industry has recorded the lowest pollution, it significantly contributes to the global economy. Therefore, many countries have spent great efforts in promoting their tourism industry to support their entire economic development. This article considers factors related to the relationship between national economic growth and international entry tourism for 11 Asian countries to investigate the existence of the cross-sectional difference between these countries. Results show that exchange rate fluctuation is an alternative factor affecting economic growth risk, and common slope exists between countries. Moreover, international entry tourist headcount and income show differential slope in some countries, implying that these factors affect the economies of different Asian countries differently.

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Tourism Industry and Economic Growth Nexus in Beijing, China

Economies ◽

10.3390/economies7010025 ◽

2019 ◽

Vol 7 (1) ◽

pp. 25 ◽

Cited By ~ 6

Author(s):

Yang Songling ◽

Muhammad Ishtiaq ◽

Bui Thi Thanh

Keyword(s):

Economic Growth ◽

Economic Development ◽

Strong Support ◽

Growth Index ◽

Strong Relationship ◽

Tourism Industry ◽

Var Model ◽

Long Run ◽

The Relationship ◽

Beijing China

In the developing economy, tourism is the most visible and steadiest growing facade. Tourism is considered one of the rapidly increasing elements for economic development from the last two decades. Therefore, the proposed study used vector autoregression (VAR) model, error correction model (ECM), and the Granger causality to check the relationship between the tourism industry and economic growth based on the data of the Beijing municipal bureau of statistics from 1994 to 2015. Gross domestic product (GDP) is used as a replacement variable for the economic growth index, while internal tourism revenue is used as a tourism industry indicator. The study supports the tourism-led growth hypothesis proposed in the existing literature in a different survey of tourism and economic development. The results show that there is a strong relationship in the tourism industry and economic growth in the context of Beijing, and at the same time, tourism creates a more significant increase in long run local real economic accomplishments. The results of the VAR model confirm that in the long run, Beijing’s economic growth is affected by domestic tourism, while the ECM model shows unidirectional results in the short term. Similarly, there is a one-way causal relationship between the tourism industry and economic growth in Beijing, China. The empirical results are in strong support of the concept that tourism causes growth.

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The Contribution of Sustainable Tourism to Economic Growth and Employment in Pakistan

International Journal of Environmental Research and Public Health ◽

10.3390/ijerph16193785 ◽

2019 ◽

Vol 16 (19) ◽

pp. 3785 ◽

Cited By ~ 16

Author(s):

Faiza Manzoor ◽

Longbao Wei ◽

Muhammad Asif ◽

Muhammad Zia ul Haq ◽

Hafiz ur Rehman

Keyword(s):

Economic Growth ◽

South Asian ◽

Global Economy ◽

Tourism Industry ◽

Policy Implications ◽

Future Research ◽

Asian Countries ◽

Long Run ◽

Augmented Dickey Fuller ◽

The Impact

In the global economy, tourism is one of the most noticeable and growing sectors. Thissector plays an important role in boosting a nation’s economy. An increase in tourism flow canbring positive economic outcomes to the nations, especially in gross domestic product (GDP) andemployment opportunities. In South Asian countries, the tourism industry is an engine ofeconomic development and GDP growth. This study investigates the impact of tourism onPakistan’s economic growth and employment. The period under study was from 1990 to 2015. Tocheck whether the variables under study were stationary, augmented Dickey–Fuller andPhillips–Perron unit root tests were applied. A regression technique and Johansen cointegrationapproach were employed for the analysis of data. The key finding of this study shows that there isa positive and significant impact of tourism on Pakistan’s economic growth as well as employmentsector and there is also a long‐run relationship among the variables under study. This studysuggests that legislators should focus on the policies with special emphasis on the promotion oftourism due to its great potential throughout the country. Policy implications of this recent studyand future research suggestions are also mentioned.

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Use of methodology of “underdevelopment whirlpools” with analysis of problems and perspectives of economic growth in Asian countries

Journal of Entrepreneurship in Emerging Economies ◽

10.1108/jeee-07-2016-0027 ◽

2017 ◽

Vol 9 (1) ◽

pp. 97-107 ◽

Cited By ~ 1

Author(s):

Elena G. Popkova

Keyword(s):

Economic Growth ◽

Economic Development ◽

Global Economy ◽

Swot Analysis ◽

Practical Significance ◽

Asian Countries ◽

Content Type ◽

Theoretical Substantiation

Purpose This paper aims to solve the problem of reduction of disproportions of the global economy and overcoming the underrun of Asian countries from Europe. The author offers a hypothesis that the reason of such underrun is the existence of “underdevelopment whirlpools” in Asian countries. The purpose of this paper is to verify this hypothesis and to determine problems and perspectives of economic growth in Asian countries. Design/methodology/approach As tools for verification of this hypothesis, the author uses the methodology of analysis of “underdevelopment whirlpools”, aimed at the determination of problems and perspectives of economic growth in countries of Asia; methodology of strengths, weaknesses, opportunities, threats (SWOT) analysis for determination of key factors of economic growth in countries of Asia; instrumentarium of theory of games for the evaluation of effectiveness of the use of various strategies of economic development of Asian countries. Findings As a result of the research, the author proves the offered hypothesis and offers – as a solution to the problem of the existence of “underdevelopment whirlpools” in Asian countries – the use of new models of economic development in view of specifics of Asian countries, aimed at transition to new quality of economic growth. Research limitations/implications A certain limitation of the conducted research is primarily theoretical substantiation of the necessity for overcoming the “underdevelopment whirlpools” in Asian countries and framework character of the offered recommendations. Therefore, during further research in this sphere, it is expedient to focus the efforts on the development of the system of practical measures for achievement of this purpose. Practical implications Practical significance of the author’s conclusions and recommendations consists in the possibility for their use during the development of state economic policy in Asian countries in the interests of overcoming the “underdevelopment whirlpools” and transition to the new quality of economic growth. Originality/value At the time of preparation of this paper, the concept “underdevelopment whirlpool” is rather new, and application of methodology of their calculation by the example of Asian countries in the context of analysis of problems and perspectives of economic grows constitutes the basis for originality, scientific value and novelty of the performed research.

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Macroeconomics and development of seaport. Case of Vietnam

Review of Business and Economics Studies ◽

10.26794/2308-944x-2020-8-2-19-25 ◽

2021 ◽

Vol 8 (2) ◽

pp. 19-25

Author(s):

Thi Hong Van Pham ◽

Thi Mai Thom Do

Keyword(s):

Economic Growth ◽

Economic Development ◽

Statistical Data ◽

Development Economic ◽

Investment Efficiency ◽

Integration Process ◽

National Economic ◽

Import And Export ◽

National Economic Development ◽

The Relationship

Seaport industry plays an important role in local and national economic development. The development of the seaport industry creates a competitive advantage, promotes international trade and speeds up the integration process of nations, especially in developing countries. Many studies have noted the importance of seaports to economic development. Economic development is also one of the crucial factors in seaport development. Economic growth will promote domestic production and improve investment efficiency. The development of import and export activities directly affects the supply of goods and the scale of operations of seaports; the increasing in industrial-agricultural output will increase the volume of goods, thereby promoting the seaport industry. This research analyses the relationship between economic growth, export-import operations, industry & agriculture to cargo through ports based on statistical data for the period 2000–2019. This study selects the case of Vietnam, a developing economy with a long coastline along with the country, and its shipping capacity ranked 4th in the ASEAN region.

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TRADE RESTRICTIONS IN THE CONTEXT OF FOREIGN TRADE LIBERALIZATION

Scientific Bulletin of Mukachevo State University Series “Economics” ◽

10.31339/2313-8114-2020-1(13)-51-55 ◽

2020 ◽

Vol 1(13) ◽

pp. 51-55

Author(s):

Kateryna Pugachevska ◽

Keyword(s):

Economic Growth ◽

Economic Development ◽

Foreign Trade ◽

Trade Liberalization ◽

Positive Impact ◽

Trade Restrictions ◽

Economic Interests ◽

National Economic ◽

The Impact ◽

The Relationship

Research on the impact of the external component on economic growth shows the prevailing view of the positive impact of foreign trade and its liberalization on economic growth. At the same time, discussions on trends in foreign trade liberalization are part of the issue of contradictory impact of free cross-border movement of goods, capital and labor on the economic development. The majority of sources on endogenous growth contains a range of models for the relationship between trade restrictions and economic growth. Therefore, the aim of the article is to study trade restrictions in the context of foreign trade liberalization. At a high level of economic development, the liberalization of the economy allows to increase the benefits of foreign trade, but the issues related to the opening of national markets in the economic periphery remain controversial. The article considers the essence and classification of foreign trade restrictions. The views of scholars of leading economic schools on the relationship between trade liberalization and economic growth have been represented. It has been determined, that the main trends in the liberalization of foreign trade are: expanding the scope of regulatory measures by both national governments and global trade institutions; coordination and intensification of international cooperation in the areas of multilateral liberalization of foreign trade; growing non-tariff barriers to the development of international trade. The results of the study allow to deepen the understanding of the peculiarities of ensuring national economic interests in the conditions of dynamization of foreign trade. Key words: trade restrictions, national economic interests, import regulation, foreign trade liberalization, tariff and non-tariff restrictions.

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Peculiarities of Modern Dynamics of the Global Economy

Voprosy Ekonomiki ◽

10.32609/0042-8736-2010-9-78-92 ◽

2010 ◽

pp. 78-92 ◽

Cited By ~ 1

Author(s):

V. Klinov

Keyword(s):

Economic Growth ◽

Economic Development ◽

Business Cycles ◽

Global Economy ◽

Long Waves ◽

Rapid Expansion ◽

Business Taxation ◽

Modern World ◽

China And India ◽

World Economic

Rates and factors of modern world economic growth and the consequences of rapid expansion of the economies of China and India are analyzed in the article. Modification of business cycles and long waves of economic development are evaluated. The need of reforming business taxation is demonstrated.

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Decoupling Analysis between Economic Growth and Air Pollution in Key Regions of Air Pollution Control in China

Sustainability ◽

10.3390/su13126600 ◽

2021 ◽

Vol 13 (12) ◽

pp. 6600

Author(s):

Jing Li ◽

Lipeng Hou ◽

Lin Wang ◽

Lina Tang

Keyword(s):

Economic Growth ◽

Air Pollution ◽

Economic Development ◽

Pollution Control ◽

Environmental Policies ◽

River Delta ◽

Chinese Government ◽

Air Pollution Control ◽

The Relationship ◽

No2 Pollution

The Chinese government has implemented a number of environmental policies to promote the continuous improvement of air quality while considering economic development. Scientific assessment of the impact of environmental policies on the relationship between air pollution and economic growth can provide a scientific basis for promoting the coordinated development of these two factors. This paper uses the Tapio decoupling theory to analyze the relationship between regional economic growth and air pollution in key regions of air pollution control in China—namely, the Beijing–Tianjin–Hebei region and surrounding areas (BTHS), the Yangtze River Delta (YRD), and the Pearl River Delta (PRD)—based on data of GDP and the concentrations of SO2, PM10, and NO2 for 31 provinces in China from 2000 to 2019. The results show that the SO2, PM10, and NO2 pollution in the key regions show strong and weak decoupling. The findings additionally indicate that government policies have played a significant role in improving the decoupling between air pollution and economic development. The decoupling between economic growth and SO2 and PM10 pollution in the BTHS, YRD, and PRD is better than that in other regions, while the decoupling between economic growth and NO2 pollution has not improved significantly in these regions. To improve the relationship between economic growth and air pollution, we suggest that the governments of China and other developing countries should further optimize and adjust the structure of industry, energy, and transportation; apply more stringent targets and measures in areas of serious air pollution; and strengthen mobile vehicle pollution control.

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The Significance of Regional Studies for the Elaboration of National Economic History

The Journal of Economic History ◽

10.1017/s0022050700109866 ◽

1960 ◽

Vol 20 (4) ◽

pp. 588-596 ◽

Cited By ~ 1

Author(s):

Henry W. Broude

Keyword(s):

Economic Development ◽

Economic History ◽

Regional Differentiation ◽

Regional Studies ◽

National Economic ◽

Methodological Problems ◽

National Economic Development ◽

Relationship Of ◽

The Relationship ◽

Point Of Departure

The purpose of this paper is to serve as a point of departure for discussion of the relationship of regional differentiation and growth to general economic development. In addition to touching on methodological problems, I hope to establish two specific points: (a) that the needs of economic history call for particular perspectives in delimiting regions, and (b) that study of regional interaction can provide insights in an understanding of national economic development.

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