scholarly journals Role of Tourism in Economic Growth: Empirical Evidence from Pakistan Economy

2007 ◽  
Vol 46 (4II) ◽  
pp. 985-995 ◽  
Author(s):  
Samina Khalil ◽  
Mehmood Khan Kakar ◽  
Waliullah .
Keyword(s):  
Economic Growth ◽  
Foreign Exchange ◽  
Balance Of Payments ◽  
Alternative Form ◽  
Positive Contribution ◽  
Foreign Reserve ◽  
Developed Economies ◽  
Rapid Economic Growth ◽  
The World ◽  
Multiplier Effects

Tourism activities are considered to be one of the major sources of economic growth. It can be regarded as a mechanism of generating the employment as well as income in both formal and informal sectors. Tourism supplements the foreign exchange earnings derived from trade in commodities and some times finance the import of capital goods necessary for the growth of manufacturing sectors in the economy. On the other hand rapid economic growth in the developed economies attracts foreign travels (Business travels), which leads to an increase in the foreign reserve of the country. Over the past several decades, international tourism has been gaining importance in many economies of the world. According to the World Tourism Organisation (2002), expenditures by 693 million international tourists traveling in 2001 totaled US $ 462 billion, roughly US $ 1.3 billion per day worldwide. In addition, tourists spending have served as an alternative form of exports, contributing to an ameliorated balance of payments through foreign exchange earnings in many countries. The rapid growth of tourism led to a growth of household incomes and government revenues directly and indirectly by means of multiplier effects, improving balance of payments and provoking tourism-promoted government policies. As a result, the development of tourism has generally been considered a positive contribution to economic growth.

The Role and Importance of Tourism Sector in Economy of Kyrgyzstan

2018 ◽  
Author(s):  
Tolkun Zhumakunova
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Foreign Exchange ◽  
World Economy ◽  
Tourism Industry ◽  
Balance Of Payments ◽  
Underdeveloped Countries ◽  
Tourism Sector ◽  
The World ◽  
Economic Developments

Since the second half of the 20th century tourism has become one of the fast developing and expanding sectors in the world economy. The tourism sector plays an important role in alleviating issues related with the balance of payments, reducing unemployment, creating tax incomes and contributing to economic developments by providing a large foreign exchange inflow to the country, therefore, we can say that this sector has larger impact on economic growth than other sectors. As it is in developing and underdeveloped countries, in Kyrgyzstan the tourism industry is one of the most important sectors in the economy. The tourism sector in Kyrgyzstan plays an important role in in economic development by reducing the level of unemployment and generating the income by providing mass foreign exchange inflow to the country. In this context the aim of this paper is to analyze the role and importance of tourism in Kyrgyzstan’s economy by using methods of statistical analysis. The results show that the total number of tourists coming to Kyrgyzstan, thus the tourism revenues increased. In other words, when tourism revenues increase, this fosters economic development, by receiving a larger share of tourism revenues. In this study, the literature review method was used.

Actual Problems of Economic Policy

2003 ◽  
pp. 23-38 ◽  
Author(s):  
M. Ershov
Keyword(s):  
Economic Growth ◽  
Economic Policy ◽  
Foreign Exchange ◽  
World Economy ◽  
Domestic Economy ◽  
The World ◽  
Exchange Policy ◽  
Effective Integration

At present Russia faces the task of great importance - effective integration into the world economy. The success of this process largely depends on the strength of the domestic economy and stable economic growth. To attain such a goal certain changes in economic approaches are required which imply more active, focused and concerted steps in the monetary, fiscal and foreign exchange policy.

CHINA — CAN RAPID ECONOMIC GROWTH CONTINUE?

2004 ◽  
Vol 49 (02) ◽  
pp. 255-272 ◽  
Author(s):  
ANDREA BOLTHO
Keyword(s):  
Economic Growth ◽  
Developing Countries ◽  
World Economy ◽  
Terms Of Trade ◽  
Resource Reallocation ◽  
Labor Policies ◽  
Cheap Labor ◽  
Rapid Economic Growth ◽  
The World ◽  
Catch Up

Between 1978 and 2000, Chinese GDP expanded more than seven-fold; present official projections suggest a further four-fold expansion to 2020. Is this feasible and, if so, what would be the consequences for the rest of the world? China has a huge catch-up potential and a vast resource of cheap labor. Policies are improving. The fiscal, employment and regional disparity problems, while serious, seem manageable. Hence, further rapid growth is possible. For the world economy this is bound to be beneficial thanks to resource reallocation, the growth of a large market and likely terms of trade gains. Developing countries, particularly in Asia, will, however feel a strong competitive challenge.

Chapter II. The World Economy

1974 ◽  
Vol 68 ◽  
pp. 46-64
Keyword(s):  
Economic Growth ◽  
United Kingdom ◽  
World Economy ◽  
Western Europe ◽  
Full Employment ◽  
Balance Of Payments ◽  
West Germany ◽  
The United Kingdom ◽  
The World ◽  
Policy Objectives

We remarked in our last issue : ‘It is not often that a government finds itself confronted with the possibility of a simultaneous failure to achieve all four main policy objectives—of adequate economic growth, full employment, a satisfactory balance of payments and reasonably stable prices.’ In the context this applied specifically to the United Kingdom, but the possibility is becoming increasingly real for the greater part of Western Europe, with West Germany the most obvious exception, and even for Japan it is less remote than it might quite recently have seemed.

scholarly journals Монгол Улсад уул уурхайн бүтээгдэхүүний бирж байгуулах шаардлага, боломж

2013 ◽  
pp. 25-42
Author(s):  
Галсандорж Д
Keyword(s):  
Economic Growth ◽  
Positive Result ◽  
Mining Industry ◽  
World Market ◽  
International Exchange ◽  
Industry Sector ◽  
Negative Factor ◽  
Rapid Economic Growth ◽  
The World

Монгол Улсын эдийн засаг өндөр хурдацтай өсч байгаа нь уул уурхайн салбарын өсөлттэй салшгүй холбоотой. Уул уурхайн салбарт өсөлт бий болж эерэг үр дүн гарч байгаа ч эрдсийн бүтээгдэхүүнийг олон улсын зах зээлийн үнээс хямд үнээр экспортлож байна. Үүний зэрэгцээ манай орны уул уурхайн худалдаа зохион байгуулалтгүй, төсвийн орлого бүрдэлт, эрдсийн бүтээгдэхүүний чанар, боловсруулалтын түвшин хангалтгүй байгаа нь олон улсын зах зээлд өрсөлдөх чадварыг сулруулж байгаа зэрэг сөрөг үзэгдэл байсаар байна.  Монгол Улсын уул уурхайн салбарт тулгарч байгаа асуудлыг судалж олон улсын жишгээр уул уурхайн бүтээгдэхүүний биржийг Монгол Улсад байгуулах нь зүйтэй гэсэн саналыг дэвшүүлж байна. Уул уурхайн бүтээгдэхүүний биржийн талаар судлахдаа манай орны эрдсийн бүтээгдэхүүний нөөц, үйлдвэрлэл, хэрэглээ болон олон улсын металлын биржийн туршлага зэргийг харгалзаж үзсэн болно.   Requirements and Opportunities for Establishment of Mining exchange in Mongolia  A rapid economic growth of Mongolia is inseparable linked to the development of mining industry. Although there is a positive result in the mining industry sector, mineral products are exported in low price compared to the world market one. Besides there is a negative factor that impacts on competitiveness of products in the world market budgeting due to the unorganized mining trading, and quality of mineral products is unsatisfactory. Establishment of Mining Exchange based on research of mining sector’s issues in Mongolia is required. The research on Mining Exchange of international exchange considered the experience of minerals reserve, manufacturing and consumption.

scholarly journals The Importance Of SMEs On World Economies

2019 ◽  
Author(s):  
Murat Bayraktar ◽  
Neşe Algan
Keyword(s):  
Economic Growth ◽  
Development Strategy ◽  
Global Economy ◽  
World Economy ◽  
Poverty Reduction ◽  
National Development ◽  
Business Sector ◽  
Developed Economies ◽  
Turn On ◽  
The World

The importance of SMEs to world economies is well reported. SMEs (firms with 200 or less employees) construct the biggest business sector in each global economy therefore governments around the world are increase the effort to promote and support SME expansion as their national development strategy. Micro firms and SMEs are forming the majority of firms in most countries (which 95% on average) and for the large majority of jobs. While SMEs are dominating of very great numbers, SMEs are significant due to their importance as priority drivers to employment, economic growth and innovation. According to the World Trade Organization SMEs represent over 90% of the business population, 60-70% of employment and 55% of GDP in developed economies. SMEs held for around 20% of patents, one measure of innovation, in biotechnology-related fields in the Europe. As the world economy faces with prevailing challenges, governments increasingly start to turn on SMEs as a significant element of sustainable and inclusive economic growth. The importance of SMEs to; economic growth, poverty reduction, innovation and job creation also social cohesion are major key.

scholarly journals Do Profitable Banks Make a Positive Contribution to the Economy?

2020 ◽  
Vol 13 (8) ◽  
pp. 159 ◽  
Author(s):  
Vijay Kumar ◽  
Ron Bird
Keyword(s):  
Economic Growth ◽  
Banking Sector ◽  
Negative Impact ◽  
Asia Pacific ◽  
Positive Contribution ◽  
Pacific Region ◽  
Asia Pacific Region ◽  
Bank Profitability ◽  
Developed Economies ◽  
The Impact

A number of studies have investigated the relationship between financial sector development and economic growth; however, the impact of bank profitability on economic growth is still unclear. We investigate the link between bank profitability and economic growth in the Asia-Pacific region over the period 2004–2014. Using the system GMM estimator, our findings suggest that a profitable banking sector is a prerequisite for economic growth in the Asia-Pacific region and that the impact of bank profitability on economic growth is more prominent in small banking sectors. Perhaps surprisingly, we found that the bank size has a negative impact on GDP growth, with the influence of bank profitability on economic growth reducing as the size of the banking sector increases. Our results also show that the impact of profitability on economic growth is much larger in developed economies compared to small emerging and large emerging economies.

Global Megatrends

2015 ◽  
Author(s):  
Stefan Hajkowicz
Keyword(s):  
Economic Growth ◽  
Global Climate ◽  
Digital Technologies ◽  
Ageing Population ◽  
Direct Control ◽  
Rapid Economic Growth ◽  
The World ◽  
Trajectories Of Change ◽  
Changing Demographics ◽  
The Impact

A scarcity of natural resources. The challenge to protect biodiversity and the global climate. Rapid economic growth and urbanisation in Asia and the developing world. Changing demographics and an ageing population. The impact of new digital technologies. Consumer expectations for services, experiences and social interaction. An imperative to innovate. Megatrends are gradual yet powerful trajectories of change that have the potential to throw companies, individuals and societies into freefall. In Global Megatrends author Stefan Hajkowicz identifies these seven patterns of global change and tells a story about how the world will change over the next 20 years. The book captures the thinking of many dedicated scientists and researchers who have devoted their careers to exploring and understanding change. The change heralded by megatrends lies beyond our direct control but not beyond our influence. By getting a picture of how the world is changing and what these megatrends are, we can alter our destiny.

Little Italy, Big Japan: Patterns of Continuity and Displacement among Italian Writers in Japan

2020 ◽  
pp. 137-192
Author(s):  
Michele Monserrati
Keyword(s):  
Economic Growth ◽  
Italo Calvino ◽  
Main Argument ◽  
Continuity And Change ◽  
Rapid Economic Growth ◽  
The World ◽  
Alberto Moravia ◽  
Post War ◽  
Italian Model ◽  
Little Italy

Chapter 3 fast forwards to the post-war years and the period of reconstruction, which featured rapid economic growth in both Italy and Japan. The chapter considers the writings of Fosco Maraini, Goffredo Parise, Alberto Moravia and Italo Calvino through the ideological framework of continuity and change that was widely debated in Japan at the time of its rapid modernization. The chapter main argument is that the perceived Japanese model of societal evolution, based on a relation of continuity with the country’s past and tradition, played a central role in the writing of Italians traveling to Japan in this period by virtue of generating a contrast with the Italian model of evolution, which was predicated upon rupture and displacement. The conclusion of the chapter advances the hypothesis of a neo-exotic wave of interest toward Japan, predicated upon post-Marxist intellectuals’ quest for areas of the world that (unlike Europe) had not yet fallen under the ideological and cultural dominion of the Cold War’s bipolar order.

Green accounting: from theory to practice

2000 ◽  
Vol 5 (1) ◽  
pp. 13-24 ◽  
Author(s):  
JEFFREY R. VINCENT
Keyword(s):  
Economic Growth ◽  
Developing Country ◽  
Natural Capital ◽  
National Income ◽  
Theoretical Work ◽  
Substantial Portion ◽  
Green Accounting ◽  
Theory To Practice ◽  
Rapid Economic Growth ◽  
The World

A decade has passed since Wasting Assets, a study of Indonesia by Robert Repetto and colleagues at the World Resources Institute, drew widespread attention to the potential divergence between gross and net measures of national income. This was by no means the first ‘green accounting’ study. Martin Weitzman, John Hartwick, and Partha Dasgupta and Geoffrey Heal had all conducted seminal theoretical work in the 1970s. But the World Resources Institute study demonstrated that data were adequate even in a developing country to estimate adjustments for the depletion of some important forms of natural capital and that the adjustments could be large relative to conventional, gross measures of national product and investment. The adjusted, net measures suggested that a substantial portion of Indonesia's rapid economic growth during the 1970s and 1980s was simply the unsustainable ‘cashing in’ of the country's natural wealth.

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