scholarly journals DYNAMICS AND CAUSALITY AMONG ECONOMIC GROWTH, FINANCIAL DEVELOPMENT AND BUDGETARY ALLOCATION TO THE TOURISM SECTOR OF BANGLADESH

2021 ◽  
Vol 35 (2) ◽  
pp. 419-427
Author(s):  
Mohammad Badruzzaman BHUIYAN ◽  
◽  
Md. Aminul ISLAM ◽  
Md. Ziaul HAQUE ◽  
Md. Kamrul HASSAN ◽  
...  
Keyword(s):  
Economic Growth ◽  
Financial Development ◽  
Tourism Industry ◽  
Effect Relationship ◽  
Cause And Effect ◽  
Tourism Sector ◽  
The World ◽  
Augmented Dickey Fuller ◽  
Causality Tests ◽  
Budgetary Allocation

Tourism contributes to economic growth and financial development in many countries around the world. The aim of the study is to examine the cause and effect relationship between economic growth, financial development and budgetary allocation to the Bangladesh tourism industry during 2000-2019. Several methods such as Augmented Dickey-Fuller (ADF), Phillips-Perron (PP), Johansen-Juselius Cointegration, and Granger Causality tests have been applied to measure the associations between the variables. The results show that there is a cause and effect relationship between the budgetary allocations and economic growth and budgetary allocation also causes of financial development.

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.

scholarly journals Analisis Potensi Wisata Ha Long Bay Terhadap Perekonomian Vietnam

2020 ◽  
Vol 1 (1) ◽  
pp. 38-49
Author(s):  
Hardi Alunaza ◽  
Bastian Andhony Toy
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Tourism Industry ◽  
Tourism Sector ◽  
The World ◽  
Positive Assessment ◽  
Global Tourism ◽  
Long Bay ◽  
Rate Of Recovery ◽  
Tourism Potential

This paper aims to explain how Ha Long Bay's tourism potential is one of UNESCO's world heritage and its implications for economic development in Vietnam. The author uses the national branding concept to analyzing the related phenomena. The results show that Ha Long Bay tourism increased the Vietnam's economic development due to an increase in economic growth through tourism sector revenues in GDP (Gross Domestic Product) of 9.3 percent. This sector is also able to provide employment to 3.7 percent of the total workers in Vietnam. Vietnam has also been named as one of the 10 countries in the world with the fastest growth rate of recovery in the tourism sector after the global monetary crisis in 2008-2009. The existence of a positive assessment from the international community certainly has implications for increasing visits from tourists and makes Ha Long Bay has its own charm and competitiveness in the global tourism industry.

Indian Tourism Industry

2019 ◽  
pp. 151-162
Author(s):  
Natisha Saqib
Keyword(s):  
Economic Growth ◽  
Tourism Industry ◽  
High Rate ◽  
Paradigm Shifts ◽  
Future Outlook ◽  
Current Trends ◽  
Tourism Sector ◽  
Reliable Source ◽  
The World

The tourism industry certainly has been a formidable pillar as an unfailing and reliable source of revenue and capital for many nations. Many countries have been elevated from poor to appreciable economic statuses as a result of the invaluable contributions their tourism sectors have succeeded in adding to their overall economic growth. Tourism is a major engine of economic growth and an important source of foreign exchange earnings in India. Over the last decade, India has been the fastest growing tourism region in the world. This chapter primarily aims and seeks to identify and examine the paradigm shifts in the tourism industry over the seeming years and how the trends have behaved in India. It seeks to study the current trends in the tourism industry and evaluates the role of tourism in economic development. The future outlook is bright for the tourism sector, and the region is expected to maintain a high rate of growth well into the next century. The chapter contributes to an improved understanding of economic growth of a country because of tourism development.

Financial Development and Estimation of Import Demand Function in Pakistan: Evidence from Combined Cointegration and Causality Tests

2017 ◽  
Vol 18 (1) ◽  
pp. 118-131 ◽  
Author(s):  
Muhammad Ahad ◽  
Talat Afza ◽  
Muhammad Shahbaz
Keyword(s):  
Economic Growth ◽  
Financial Development ◽  
Demand Function ◽  
Import Demand ◽  
Import Prices ◽  
Relative Prices ◽  
Long Run ◽  
Augmented Dickey Fuller ◽  
Causality Tests ◽  
The Relationship

This article explores the relationship between financial development and imports focusing on economic growth and import prices as potential contributors to this relationship. We have applied combined cointegration and causality tests using multivariate model for long-run and augmented Dickey–Fuller (ADF) as well as Phillips–Perron (PP) unit root to test the order of integration of the variables. The empirical evidence confirms the presence of a long-run relationship among the series. Financial development increases imports demand. Economic growth and imports prices decrease imports consumption. Imports are negatively affected by relative prices.

scholarly journals The Roles of English in the Development of Tourism and Economy in Indonesia

2021 ◽  
Vol 11 (3) ◽  
pp. 305-313
Author(s):  
Ida Ayu Made Sri Widiastuti ◽  
◽  
I Nengah Dasi Astawa ◽  
Ida Bagus Nyoman Mantra ◽  
Putu Herny Susanti ◽  
...  
Keyword(s):  
Human Resources ◽  
Industrial Development ◽  
World Economy ◽  
National Development ◽  
Tourism Industry ◽  
Economic Community ◽  
Industry Sector ◽  
Tourism Sector ◽  
The World ◽  
The Government

Tourism is very necessary to continue to be developed to improve the economy in Indonesia and increase the position of the country geographically, which is very strategic for tourism and the world economy. For this reason, the ability to communicate in English is absolutely necessary, in order to compete with workers from other countries, so that they can contribute to the improvement of the national economy. The ability to communicate in English is a strategic sector in the development of highly competitive human resources in the tourism industry sector and in the global economic community. By having good English communication skills, it will be easier to grab market share in the tourism industry sector and the economic sector. The tourism sector as one of the prime industrial development is developed in order to further increase the rate of national development. For this reason, it is necessary that the government continues to increase its resilience, policies, and increase the development of tourism with a view to further developing the community's economy and increasing the ability to speak English so that human resources are able to compete in various tourism industries so that the economy will increase.

scholarly journals TOURISM AND WATER USE IN MALAYSIA: A REVIEW

2021 ◽  
Author(s):  
Zuraini Anang ◽  
◽  
Noorhaslinda Kulub Abdul Rashid ◽  
Azlina Abd. Aziz ◽  
◽  
...  
Keyword(s):  
Water Consumption ◽  
Sustainable Tourism ◽  
Emerging Countries ◽  
Tourism Industry ◽  
Water Usage ◽  
Demand And Supply ◽  
Water Demand And Supply ◽  
Tourism Sector ◽  
The World ◽  
Key Issues

Tourism is the economic driver for many emerging countries, and the main key distribution components of wealth in the world. Globally, tourism generated over 10% of the world Gross Domestic Product (GDP) and provided an estimation of 115 million jobs in 2017. Moreover, the tourism sector consumed 1% of the global consumption of water. This paper reviews the current literature that focuses on water usage in tourism sector and water management initiatives in tourism in order to identify the current and future contrast between water demand and supply for sustainable tourism, and to understand the key issues and challenges facing water usage in Malaysia. Furthermore, the paper examines the linkages between tourism and water consumption, and analyses the trends in water consumption. The paper concludes by emphasizing the importance of improving and enhancing the existing water resources policies in order to conserve nature while promoting sustainable tourism industry.

scholarly journals ON THE ISSUE OF PROFESSIONAL TRAINING OF TOURIST PERSONNEL IN THE MIDST OF THE COVID-19 PANDEMIC

2021 ◽  
Vol 2 (67) ◽  
pp. 36-38
Author(s):  
O. Polyakova
Keyword(s):  
Higher Education ◽  
World Economy ◽  
Professional Training ◽  
Training System ◽  
Tourism Industry ◽  
Tourism Sector ◽  
The World

The current pandemic has revealed a number of vulnerabilities of the world economy to global threats of this level, including the tourism sector. This article examines the issue of digitalization of higher education in the context of the formation of a flexible and sustainable training system for the tourism industry against the backdrop of the COVID-19 pandemic.

SUSTAINABLE CUSTOMER DIGITAL ENGAGEMENT STRATEGIES FOR THE TOURISM RECOVERY PERSPECTIVE

2021 ◽  
Vol 14(63) (1) ◽  
pp. 51-62
Author(s):  
Margarida POCINHO ◽  
Nataliya G.S. VIEIRA ◽  
Celso Pereira NUNES ◽  
Florin NECHITA
Keyword(s):  
Critical Analysis ◽  
Tourism Industry ◽  
Tourist Destinations ◽  
Business Units ◽  
Engagement Strategies ◽  
Global Pandemic ◽  
Tourism Sector ◽  
The World ◽  
Digital Engagement ◽  
Content Marketing

The tourism sector has continued to be one of the most affected business units in 2020 in connection with a global pandemic. Numerous regions and tourist destinations, tourist hotspots and accommodations have been subjected to serious changes with a substantial economic impact. Thereby, the question arises as to whether the capacity to respond to customers' needs through functional digital engagement strategies is efficient for supporting a recovery and sustainable development of the tourism industry. This article comments on and provides a critical analysis of the recent online strategies related to content marketing applied to the tourism sector due to a global pandemic and the need to implement a different attitude towards tourismoriented projects. The article proposes some examples of efficient policies that fit in with changes in the world tourism market.

THE INFLUENCE OF THE MACROENVIRONMENT ON THE DEVELOPMENT OF THE PRICE OF SHARED AIRBNB ACCOMMODATION

2021 ◽  
pp. 104-137
Author(s):  
Jakub Kóňa
Keyword(s):  
European Union ◽  
Regression Analysis ◽  
Tourism Industry ◽  
Correlation And Regression Analysis ◽  
Tourism Sector ◽  
The World ◽  
European Union Countries ◽  
Macroeconomic Indicators ◽  
Independent Variable ◽  
Comparable Element

The shared economy occupies through shared accommodation a full-featured position in many economies of the world and the extent of its impact can be expressed in various ways. In addition, the price of accommodation appears to be a sufficiently objective, measurable, and comparable element to other statistical instruments of the economic environment. In the article, we use statistical methods of correlation and regression analysis to express the relationships between the dependent variable in the form of the price of shared accommodation in European Union countries and other economic indicators of the macroenvironment and the tourism industry, which thus represent an independent variable. The results signal that shared accommodation prices shows a higher degree of correlation with other indicators of the tourism sector than with other macroeconomic indicators in individual countries. Key words: Shared Economy. Shared Accommodation Prices, Airbnb, Regression and Correlation

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